Combined General Meeting and Decision of the Board of Directors of May 28, 2013
PARIS, May 28, 2013 /PRNewswire/ --
The Combined General Meeting of BOURBON shareholders was held today in Paris, chaired by Mr. Jacques de Chateauvieux.
All the resolutions submitted to a vote were approved, notably:
- Distribution of a dividend of €0.82 per share, equivalent to that paid in 2012
As of the stock market on June 03, 2013, the BOURBON share will be quoted ex-dividend.
The dividend will be paid starting June 06, 2013.
To receive this dividend, people must be the holder of record on June 5, 2013, meaning that the last day to buy shares and still receive the dividend is prior to the market closure on May 31, 2013.
- Allocation of 1 free bonus share for every 10 held, as had been done in 2011
The delegation of authority granted to the Board of Directors to increase the share capital by incorporation of reserves in the form of a bonus share award to shareholders with a ratio of 1 new share for 10 existing shares. Fractional odd lot shares will not be transferable or negotiable; the corresponding shares will be sold. The record date for the shares to be eligible for this assignment is June 4 in the evening.
This award will take place as of
June 5, 2013, the date on which BOURBON's share price will be adjusted, until July 4, 2013.
- Reappointment of Ms. Vo Thi Huyen Lan and Mr. Jacques de Chateauvieux as directors for three years
- Appointment as director of Mr. Christian Lefèvre for a period of three years, following the recommendation of the the Nominating, Compensation and Governance Committee
For the record, Mr. Christian Lefèvre, Chief Executive Officer of BOURBON since January 1, 2011, was appointed Chief Operation Officer on December 5, 2005.
The Board of Directors, which was held today at the end of the Annual General Meeting, decided to reappoint
Mr. Jacques de Chateauvieux as Chairman of the Board, a position that he has held since 1979, for the duration of his term of office.
A material error occurred in the documentation for the meeting of 28 May 2013 concerning the sixteenth resolution relating to the authorization granted to the Board for the issuance of various securities; indeed, the threshold of "thirty million euros (€ 30 million)" set forth in the original text of the resolution submitted to the shareholders should read "three million euros (€ 3,000,000)."
Convened on May 28, the Board of Directors has adopted the amendment allowing the shareholders to vote on the corrected text.
- FINANCIAL CALENDAR
- Release and presentation of 2013 1st half results August 28, 2013
- 3rd Quarter 2013 revenue release November 6, 2013
BOURBON offers the most demanding oil & gas companies a comprehensive range of surface and subsea marine services for offshore oil & gas fields and wind farms. These services are based on an extensive range of latest-generation vessels. The Group provides local service through its 27 operating affiliates close to clients and their operations, and it guarantees the highest standards of service quality and safety worldwide.
BOURBON has two operating Activities (Marine Services and Subsea Services) and also protects the French coastline for the French Navy.
Under the "BOURBON 2015 Leadership Strategy" plan, the Group is investing in a large fleet of innovative and high-performance offshore vessels built-in series.
In 2012, BOURBON posted revenues of €1.187 billion and as of March 31, 2013, it operated a fleet of 465 vessels.
Classified by ICB (Industry Classification Benchmark) in the "Oil Services" sector, BOURBON is listed for trading on Euronext Paris, Compartment A, and is included in the Deferred Settlement Service SRD, in the SBF 120 and CAC Mid 60 index.
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