Shareholders’ General Meeting of 6 May 2010

6 May 2010 - Finances

- Approval of the new corporate governance structure
- Payment of final dividend of €1.10 per share on 17 June 2010
- Option given to receive payment of the final dividend in new shares at the price of €37.94 per share

I. Corporate governance and composition of the Board of Directors

VINCI’s Combined General Shareholders’ Meeting held on 6 May 2010 passed all the resolutions submitted for its approval. A Board meeting was held immediately after the Shareholders’ Meeting.

The change in VINCI’s corporate governance, which was announced on 19 November 2009, came into effect with the renewal of the appointments of Messrs Xavier Huillard and Yves-Thibault de Silguy as directors. Mr Huillard has now become Chairman and Chief Executive Officer of VINCI and Mr de Silguy Vice-Chairman and Senior Director.

Furthermore, the Shareholders’ General Meeting, voting as an Ordinary Meeting, approved the appointment of Qatari Diar Real Estate Investment Company as a new director and renewed the appointments of Messrs Henri Saint Olive and Dominique Ferrero.

II. Option given for payment in new shares at the price of €37.94 per share

The Shareholders’ General Meeting, voting as an Ordinary Meeting, also approved the parent and consolidated financial statements for the financial year ended 31 December 2009 and voted in favour of a dividend of €1.62 per share in respect of that year. Taking account of the interim dividend of €0.52 paid in December 2009, the final dividend to be paid on 17 June will be €1.10, with the option for payment of this final dividend in new shares. 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 Shareholders’ General Meeting, less the amount of the final dividend and rounded up to the nearest euro cent, i.e. €37.94. Shareholders may opt for payment of the final dividend in cash or in new shares between 14 May 2010 (ex-dividend date) and 7 June inclusive. From 8 June onwards, the final dividend will be payable in cash only.

If the amount of the dividends for which the option is exercised does not correspond to a whole number of shares, shareholders will be able to receive the whole number of shares immediately above by paying the difference in cash on the day on which they exercise the option or receive the whole number of shares immediately below together with a balancing payment in cash.

The new shares resulting from shareholders exercising this option will be listed by Euronext Paris SA as from Friday, 17 June 2010. They will grant rights as from 1 January 2010.

The results of the shareholders’ votes will be available shortly on the Company’s website: www.vinci.com.

 

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.