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Societe Generale Updates on FY 2012 Dividend Payment Procedure


Wednesday, 13 Feb 2013 11:54am EST 

Societe Generale announced that the Board of Directors which met on February12, 2013, decided to propose the distribution of a dividend for fiscal year 2012 of EUR 0.45 per share to the Annual General Meeting, and to offer shareholders the possibility of opting for a dividend payment in new shares. Subject to a favorable vote by the Annual General Meeting on May 22, 2013, dividend detachment will take place on May 29, 2013. The offer period for the dividend payment in shares will extend from May 29, 2013 to June 12, 2013 included. After that date or in the event of failure to exercise the option, the dividend will be paid exclusively in cash. The issue price of new shares will be equal to 90% of the amount resulting from the calculation of the average of initial quoted prices in the twenty trading sessions preceding the date of the distribution decision minus the dividend amount and rounded up to the nearest euro cent. If the amount of the dividends for which the option is exercised does not correspond to a whole number of shares, the shareholder may decide to receive the whole number of shares immediately above by paying, on the day the option is exercised, the difference in cash, or to receive the whole number of shares immediately below plus a balancing cash adjustment. Shares issued by way of a dividend payment will incur interest from January 1, 2013. The dividend will be paid as from June 24, 2013. 

Company Quote

39.365
0.83 +2.15%
10:46am EDT