Press ReleasePRESS RELEASE
Neuilly-sur-Seine, France - May 14, 2019
Option for payment of the dividend in cash or shares
The combined shareholders' meeting (the "Shareholders' Meeting") of Bureau Veritas (the "Company"), by adopting the 3rd resolution, decided to distribute a dividend of €0.56 per share for the fiscal year ended 31 December 2018 and offered shareholders the option for the payment of this dividend either in cash or in new shares.
The price of the new shares to be issued in payment of the dividend is set at €19.13, corresponding to 90% of the average of the opening prices quoted on the Euronext Paris regulated market over the last twenty trading days preceding the date of the Shareholders' Meeting, i.e. until May 13, 2019 inclusive, less the net amount of the dividend and rounded up to the nearest euro cent.
The new shares will have a par value of €0.12 and will carry dividend rights as from January 1, 2019. As from their issue, they will be fully assimilated to the ordinary shares comprising the Company's share capital.
They will be subject to an application for admission to trading on the Euronext Paris regulated market as soon as they are issued on the same quotation line as the existing shares.
Shareholders who wish to opt for payment of the dividend in shares have a period between May 22 and June 3 (included) to send a request to the financial intermediaries authorized to pay said dividend or, for holders of directly registered shares of the Company, to its custodian (BNP Paribas Securities Services).
Accordingly, any shareholder who has not opted for payment of the dividend in shares by the end of this period will receive payment of the entire dividend in cash.
In accordance with the decision taken by the Shareholders' Meeting, it is specified that each shareholder may only exercise this option for the entire dividend.
If the net amount of the dividends in respect of which the option is exercised does not correspond to a whole number of shares, he will receive the number of shares immediately below the fraction to which he is entitled, plus a balancing cash adjustment.
Delivery of new shares to shareholders having opted for a payment in shares will take place on June 11, 2019, the same day of the dividend payment in cash.
Bureau Veritas is a world leader in laboratory testing, inspection and certification services. Created in 1828, the Group has more than 75,000 employees located in more than 1,500 offices and laboratories around the globe. Bureau Veritas helps its clients improve their performance by offering services and innovative solutions, in order to ensure that their assets, products, infrastructure and processes meet standards and regulations in terms of quality, health and safety, environmental protection and social responsibility.
Bureau Veritas is listed on Euronext Paris and belongs to the Next 20 index.
Compartment A, ISIN code FR 0006174348, stock symbol: BVI.
For more information, visit https://group.bureauveritas.com
| ANALYST/INVESTOR CONTACTS |
| Laurent Brunelle |
| +33 (0)1 55 24 76 09 |
| laurent.brunelle@bureauveritas.com |
| Florent Chaix |
| +33 (0)1 55 24 77 80 |
| florent.chaix@bureauveritas.com |