Vallourec Shareholders to Receive Dividend Payment in Cash or in New Shares

Source: www.gulfoilandgas.com 6/26/2015, Location: Europe

In accordance with the resolution approved by the Shareholders' Meeting on 28 May 2015, shareholders were invited to choose to receive the dividend payment in cash or in new shares. The dividend in respect of the financial year 2014 was set at €0.81 per share.

The subscription rate for the dividend payment in shares amounted to 59.78%. This operation resulted in the creation of 3,090,460 new shares (i.e. 2.37% of the share capital) issued at a price of €19.40 per share delivered and listed on Euronext Paris today.

The new shares are issued with all rights attached as of 1 January 2015 and are completely assimilated with existing shares. Following this operation, the share capital of the company is comprised of 133,688,435 shares.

The payment of the dividend in cash, for an amount of €41,876,897.13 also took place today.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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