General Shareholders’ Meeting of 14 May 2009

14 May 2009 - Events - United Kingdom

- All resolutions passed
- Final dividend of €1.10 per share to be paid on 18 June 2009
- Option given to receive payment of the final dividend in new shares priced at €28.68 per share
- Changes in the membership of the Board of Directors.

VINCI’s Combined General Shareholders’ Meeting held on 14 May 2009 passed all the resolutions put to it. The results of the votes will be available shortly on the Company’s website at www.vinci.com.

I. Option given to receive payment in new shares priced at €28.68 per share

The General Shareholders’ Meeting voting as an Ordinary Meeting approved the parent company and consolidated financial statements for the financial year ended on 31 December 2008 and voted in favour of the payment of a dividend of €1.62 per share in respect of that period. Taking account of the interim dividend of €0.52 paid on 18 December 2008, the final dividend amounts to €1.10.

Shareholders can choose between receiving payment of the final dividend in cash or in new shares to be issued.

The price of the new shares has been set at 90% of the average of the opening prices quoted on the twenty stock-market trading days preceding the date of the General Shareholders’ Meeting minus the amount of the final dividend and rounded up to the next cent, which gives €28.68.

Shareholders will be able to opt for payment of the dividend in cash or in new shares from 22 May 2009 (ex-date) up to and including 8 June 2009. From 9 June onwards, the final dividend will only be payable in cash.

If the amount of dividends for which the option is exercised does not correspond to a round number of shares, shareholders will be able to receive either the immediately higher number of shares by paying the difference in cash on the day the option is exercised or the immediately lower number of shares together with a payment in cash for the balance.

The new shares resulting from use of this option by shareholders will be listed by Euronext Paris SA as from Friday 19 June 2009. They will grant rights as from 1 January 2009.

Payment in cash and in shares of the final dividend in respect of 2008 will be made on Thursday 18 June 2009.

II. Changes in the membership of the Board of Directors

The General Shareholders’ Meeting voting as an Ordinary Meeting approved the ratification of the cooptation of Mr Jean-Pierre Lamoure, the renewal of the appointments of Mr François David and Mr Patrick Faure and the appointment of Mr Michael Pragnell.

The Shareholders’ Meeting provided an opportunity to pay a particular tribute to Mr Bernard Huvelin, whose term of appointment as a Director has now come to an end, in recognition of the extent of his contribution to VINCI’s development and renown over many years. Bernard Huvelin has spent all his working life within the Group, which he joined in 1962. He was appointed Company Secretary in 1974 and held several General Management positions within the Group. He became Director and Co-Chief Operating Officer of VINCI in 2002 and then Vice-Chairman of VINCI's Board of Directors in 2005.

 

About VINCI
VINCI is a global player in concessions, energy and construction, employing 280,000 people in more than 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.