Saint-Gobain shareholders responded very positively to the option of reinvesting 50% of the dividend in shares.
At the Saint-Gobain General Meeting held on June 4, 2015, shareholders approved payment of a 2014 dividend of €1.24 per share with payment of 50% in cash, and the option for the shareholder to receive the remaining 50% in cash or to reinvest it in new shares of the Company.
Shareholders who elected the stock dividend option were required to notify the Company between June 10 and June 24, 2015.
Saint-Gobain shareholders responded very positively to the option of reinvesting 50% of the dividend in shares, with 69.2% of the rights exercised in favor of the stock dividend option.
The new shares will be issued and delivered on July 3, 2015. They will be assimilated to the old shares as from this date, with all rights attached (including voting rights and rights to receive dividends). The new shares will be admitted to listing on Euronext Paris on July 3, 2015.
The share issue will have the effect of increasing Compagnie de Saint-Gobain’s share capital as of July 3, 2015 to €2,294 million, represented by 573.5 million ordinary shares with a par value of €4 each, all fully paid and all of the same class.
Cash dividends will be paid as from July 3, 2015 for a total of €455 million.