MHP S.A. Announced Distribution of Dividends
OREANDA-NEWS. The Board of Directors of MHP S.A. announces a distribution of the interim dividend to the Company’s shareholders.
The interim dividend of USD 1.13 per share equivalent to USD 120 million will be paid on 28 May 2013 (the "dividend payment date") to the Company’s shareholders on the register as of 22 May 2013 (the "dividend record date"). The Board of Directors approved that no dividend will be paid on the Company’s shares held in treasury.
The Board of Directors of MHP S.A. also acknowledged the consent of WTI Trading Limited (the Company’s major shareholder) to be paid later than on the declared dividend payment date (but not later than November 1, 2013), with no interest accrued on the amount of dividend paid later.
The dividend payment will be subject to the deduction of Luxembourg withholding tax at the rate of 15%.
Shareholders who are eligible to either a reduced withholding tax rate or to a tax exemption may reclaim from the Luxembourg tax authorities the refunding of the partial or total amount of withholding tax, and are encouraged to seek additional information from their personal legal, tax and financial advisors.
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