VINCI dividend: payment schedule
31 March 2008 - Finances
At its meeting on 27 February 2008, VINCI’s Board of Directors decided to propose a 2007 dividend of €1.52 per share to the Shareholders Meeting on 15 May. As an interim dividend of €0.47 per share was paid on 20 December 2007, the final dividend will be €1.05 per share, payable on 19 June 2008.
Furthermore, shareholders will be given the choice between payment in cash or in new shares. Subject to the approval of the Shareholders Meeting, the new shares will be issued at a price equal to 95% of the average listed price over the 20 trading sessions preceding the date of the Shareholders Meeting, less the amount of the final dividend and rounded up to the nearest euro cent.
In view of the choice between payment in cash or in new shares, the payment schedule will be as follows:
♣ Friday, 23 May 2008: ex-dividend date;
♣ Friday, 23 May to Monday, 9 June 2008 inclusive: period during which shareholders may exercise the option(*) to be paid in cash or shares;
♣ 19 June: date of dividend payment in cash or shares.
(*) Detailed information on the terms and conditions will be provided at a later date.
VINCI is a global player in concessions, energy and construction businesses, employing more than 260,000 people in nearly 120 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, we are committed to operating in an environmentally, socially responsible and ethical manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. Based on that approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general.