Dividend Declaration
July 01 2010 - 1:00AM
UK Regulatory
TIDMCOD
RNS Number : 5938O
Compagnie de Saint-Gobain
30 June 2010
June 30, 2010
72% OF THE 2009 DIVIDEND WILL BE REINVESTED
Saint-Gobain shareholders responded favorably to the dividend reinvestment
option, with 72.1% of the total dividend to be paid in stock. This high
reinvestment rate, which attests to shareholders' confidence in the Group's
strategy and long-term growth outlook, allows Saint-Gobain to strengthen its
equity by EUR368 million.
A total of 12.9 million new shares will be issued, equivalent to 2.5% of
outstanding shares.
The new shares will be issued and delivered on July 2. They will carry rights to
the 2010 dividend and will rank pari passu to existing shares from the issue
date. An application will be made for the new shares to be listed on NYSE
Euronext Paris on July 2.
The share issue will have the effect of increasing Compagnie de Saint-Gobain's
share capital as of June 30 to EUR2,123 million, represented by 530.8 million
ordinary shares with a par value of EUR4 each, all fully paid and all in the same
class.
Cash dividends will also be paid on July 2, for a total of EUR141.8 million.
During the Annual General Meeting of June 3, Saint-Gobain shareholders approved
payment of a 2009 dividend of EUR1 per share and the option to receive the
dividend in cash or in Saint-Gobain shares issued at a price of EUR28.58 per
share. Shareholders that chose the stock dividend alternative were required to
notify the Company between June 9 and June 23.
+-----------------------------------+----------------------------------------------------------+
| Analyst & Investor | Press Relations |
| Relations | |
+-----------------------------------+----------------------------------------------------------+
| | |
| Florence Triou-Teixeira +33 | Sophie |
| 1 47 62 45 19 | Chevallon |
| Etienne Humbert | +33 1 47 |
| +33 1 47 62 30 49 | 62 30 48 |
| Vivien Dardel | |
| +33 1 47 62 44 29 | |
| | |
+-----------------------------------+----------------------------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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