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Home > Media > Press releases > Payment conditions for final dividend - Choice given between payment in cash or new shares at a price of € 44.44 per share (15/05/2008)

Payment conditions for final dividend - Choice given between payment in cash or new shares at a price of € 44.44 per share

15 May 2008 - Finances

The Ordinary and Extraordinary meeting of VINCI shareholders, held on 15 May 2008, approved all the resolutions it was submitted. The results of the votes will be soon available on the Company’s web site: www.vinci.com.

The shareholders meeting in particular approved, in its ordinary session, the financial statements for the fiscal year closed on 31 December 2007 and decided the payout of a dividend of €1.52 per share proposed in the third resolution. Given the interim dividend of €0.47 per share already paid on 20 December 2007, it results in a final dividend of €1.05.

Shareholders will have the choice between payment of the final dividend in cash or new shares. The price of the new shares was set at 95% of the average of the first listed prices during the twenty stock market sessions prior to the day of the shareholders meeting minus the final dividend and rounded to the higher euro centime, i.e. €44.44.

This transaction enables shareholders who want to increase their position in VINCI to do so.

Shareholders will be able to choose payment of the dividend in cash or new shares from 23 May (ex-date) through to 9 June 2008. As of 10 June, the final dividend will be paid exclusively in cash.

If the amount of dividends for which the option is exercised does not match a round number of shares, the shareholder will be able to receive the immediately higher number of shares by paying, on the day he exercises his option, the difference in cash, or will receive the immediately lower number of shares completed by an additional cash payment.

The new shares that will result from this option will be listed from Friday 20 June 2008. They will give right to payment of a dividend on 1 January 2008.

The dividend payment in cash and shares will be made on Thursday 19 June 2008.

 

About VINCI
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.

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Media contacts

Stéphanie Malek
Tel: +33 1 57 98 66 28
media.relations@vinci.com

Investor Relations

Grégoire Thibault
Tel: +33 1 57 98 63 84
gregoire.thibault@vinci.com

Boris Valet
Tel:+33 1 57 98 62 84
boris.valet@vinci.com