OREANDA-NEWS. July 01, 2015. The Ordinary General Meeting held on May 29, 2015 approved the payment of an annual dividend for 2014 of €2.44 per share and the option for each shareholder to receive the final dividend of €0.61 per share in cash or in new shares of the Company.

The period for exercising the option ran from June 8, 2015 to June 22, 2015. At the end of the option period, 54% of rights were exercised in favor of receiving the payment for the final dividend for 2014 in shares.  

18,609,466 new shares will be issued, representing 0.78% of the Company’s share capital on the basis of the share capital of May 31, 2015. The share price for the new shares to be issued as payment of the remaining dividend was set at €42.02 on May 29, 2015. 

The settlement and delivery of the new shares as well as their admission to trading on the Euronext Paris will occur on July 1, 2015. The shares will carry immediate dividend rights and will be fully assimilated with existing shares already listed.

The total remaining cash dividend to be paid to shareholders who did not elect to receive the final dividend for 2014 in shares amounts to 666 million euros and the date for the payment in cash is set for July 1, 2015.