Boskalis sets stock dividend conversion rate at 1:23.5
May 31 2018 - 2:42PM
Papendrecht, 31 May 2018
On 9 May 2018 the dividend of Royal Boskalis
Westminster N.V. (Boskalis) for the financial year 2017 has been
determined at EUR 1.00 per ordinary share. This dividend shall be
distributed in the form of ordinary shares, unless a shareholder
opts to receive the dividend payment in the form of cash.
With the dividend distribution as stock,
shareholders will receive one ordinary share per 23.5 dividend
rights of ordinary shares. The conversion rate has been based on
the volume weighted average stock price of Boskalis shares traded
on Euronext Amsterdam over the period 29, 30 and 31 May of EUR
23.5360.
From 5 June 2018 the dividend will be payable in
cash and ordinary shares arising from the conversion of dividend
rights will be delivered. Cash distribution will be subject to
deduction of dividend tax as required by law.
Royal Boskalis
Westminster N.V. is a leading global services provider operating in
the dredging, maritime infrastructure and maritime services
sectors. The company provides creative and innovative all-round
solutions to infrastructural challenges in the maritime, coastal
and delta regions of the world with services including the
construction and maintenance of ports and waterways, land
reclamation, coastal defense and riverbank protection. In addition,
Boskalis offers a wide variety of marine services and contracting
for the oil and gas sector and offshore wind industry as well as
salvage solutions. Furthermore, Boskalis has a number of strategic
partnerships in harbor towage and terminal services (Kotug Smit
Towage, Keppel Smit Towage, Saam Smit Towage and Smit Lamnalco).
With a versatile fleet of more than 900 vessels and floating
equipment and 10,700 employees, including associated companies,
Boskalis operates in 90 countries across six
continents.
This press release can also be found on our
website www.boskalis.com.
pdf version press release
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Koninklijke Boskalis Westminster N.V. via
Globenewswire
Royl.Boskalis (LSE:BOKA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Royl.Boskalis (LSE:BOKA)
Historical Stock Chart
From Jul 2023 to Jul 2024