(MENAFN- GlobeNewsWire - Nasdaq) itemprop="articleBody">PRESS RELEASE
Neuilly-sur-Seine, France - June 7, 2019
Result of the option for payment of the dividend in shares for the 2018 fiscal year
The combined shareholders' meeting (the "Shareholders' Meeting") of Bureau Veritas (the "Company"), by adopting the 3rd resolution, decided to distribute a dividend of €0.56 per share for the fiscal year ended on December 31, 2018 with an option conferred to shareholders for the payment of this dividend either in cash or in new shares.
The price of the new shares to be issued in payment of the dividend has been fixed at €19.13, corresponding to 90% of the average of the opening prices quoted on the Euronext Paris regulated market over the last twenty trading days preceding the date of the Shareholders' Meeting, i.e. until May 13, 2019 inclusive, less the net amount of the dividend and rounded up to the nearest euro cent.
This day, the Chairman of the Board of Directors acting on sub-delegation conferred by the Board of Directors, has recorded, due to the option for the payment of the dividend in shares by some shareholders, the creation of 9,943,269 new ordinary Bureau Veritas's shares with a nominal value of EUR 0.12 each, representing 2.25% of the share capital before the issuance of the new shares calculated on the basis of the share capital on May 31, 2019.
The creation of the 9,943,269 new shares and the correlative capital increase will occur on June 11, 2019. The settlement of the shares and their admission to trading on the Euronext Paris regulated market on the same quotation line as the existing shares will take place on June 11, 2019.
The new shares will carry dividend rights as from January 1, 2019 and, as from their issue, will be fully assimilated to the ordinary shares comprising the Company's share capital.
If the net amount of the dividends in respect of which the option is exercised does not correspond to a whole number of shares, he will receive the number of shares immediately below the fraction to which he is entitled, plus a balancing cash adjustment to be paid on June 11, 2019.
Any shareholder who has not opted for payment of the dividend in shares by the end of this period will receive payment of the entire dividend in cash on June 11, 2019.
About Bureau Veritas
Bureau Veritas is a world leader in laboratory testing, inspection and certification services. Created in 1828, the Group has more than 75,000 employees located in more than 1,500 offices and laboratories around the globe. Bureau Veritas helps its clients improve their performance by offering services and innovative solutions, in order to ensure that their assets, products, infrastructure and processes meet standards and regulations in terms of quality, health and safety, environmental protection and social responsibility.
Bureau Veritas is listed on Euronext Paris and belongs to the Next 20 index.
Compartment A, ISIN code FR 0006174348, stock symbol: BVI.
For more information, visithttps://group.bureauveritas.com
ANALYST/INVESTOR CONTACTS
Laurent Brunelle
+33 (0)1 55 24 76 09
|
Florent Chaix
+33 (0)1 55 24 77 80
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Attachment
Press Release.pdf
MENAFN0706201900703653ID1098617810
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