Result of the Option to Reinvest the 2013 Dividend in Shares
PARIS, July 2, 2014 /PRNewswire/ --
At the Saint-Gobain General Meeting held on June 5, 2014, shareholders approved payment of a 2013 dividend of €1.24 per share with payment of 50% in cash, and the option for the shareholder of receiving the remaining 50% in cash or reinvesting it in new shares of the Company. Shareholders who chose the stock dividend alternative were required to notify the Company between June 11 and June 25.
Saint-Gobain shareholders responded very positively to the option of reinvesting 50% of the dividend in shares, with 71.8% of the rights exercised in favor of the scrip dividend.
The new shares will be issued and delivered on July 4. They will carry rights to the 2014 dividend and will rank pari passu with existing shares from the issue date. The new shares will be listed on Euronext Paris on July 4.
The share issue will have the effect of increasing Compagnie de Saint-Gobain's share capital as of July 4 to €2,271 million, represented by 567.8 million ordinary shares with a par value of €4 each, all fully paid and all in the same class.
Cash dividends will also be paid on July 4, for a total of €441 million.
Saint-Gobain, the world leader in the habitat and construction markets, designs, manufactures and distributes high-performance building materials, providing innovative solutions to the challenges of growth, energy efficiency and environmental protection.With 2013 sales of €42 billion, Saint-Gobain operates in 64 countries and has nearly 190,000 employees.For more information about Saint-Gobain, visit http://www.saint-gobain.com
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