Aalberts Industries NV: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Aalberts Industries NV Updates on FY 2011 Dividend Payment and Announces Conversion Ratio
Aalberts Industries NV announced that following approval of the 2011 annual accounts by the General Meeting on April 26, 2012, the dividend for the 2011 financial year has been set at EUR 0.34 per ordinary share of EUR 0.25 nominal value. It was also determined that the 2011 dividend of EUR 0.34 will be paid, according to the shareholders' preference, in cash or in ordinary shares. Payment in cash will occur after deduction of 15% withholding tax on dividends. As of May 24, 2012, the number of dividend rights of ordinary shares of EUR 0.25 nominal value entitling shareholders to one new ordinary share in the Company of EUR 0.25 nominal value each, has been fixed at 37. Based on the volume weighted average price of all ordinary Aalberts Industries NV shares traded on NYSE Euronext Amsterdam on May 17, 18, 21, 22 and 23, 2012 of EUR 12.6990, 1/37 portion represents a value of EUR 0.3432, which is virtually equal to the value of the cash dividend. Payment of dividend and transfer of shares on account of exchange of dividend rights will take place on May 25, 2012, in ordinary shares of EUR 0.25 nominal value, through bank or broker where the shares are held.
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