Boskalis sets stock dividend conversion rate at 1:25
On 8 May 2013 the dividend of Royal Boskalis Westminster N.V. for 2012 was set at EUR 1.24 per ordinary share with a choice of stock or cash dividend, said in the company's press release.
With the dividend distribution as stock, shareholders will receive 1 new ordinary share per 25 dividend rights of ordinary shares. The conversion rate has been based on the volume weighted average stock price of Boskalis shares traded on NYSE Euronext Amsterdam over the period 28, 29 and 30 May 2013 of EUR 31.3782.
Both the cash and stock dividend will be made payable from Tuesday 4 June 2013. Cash distribution will be subject to deduction of dividend tax as required by law.
This is an English translation of the Dutch press release. In the event of any disparity between the Dutch original and this translation, the Dutch text will prevail.
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 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 offshore energy sector including subsea, heavy transport, lifting and installation (through Boskalis Offshore and Dockwise) and towage and salvage (through SMIT). It also has strategic partnerships in the Middle East (Archirodon) and in terminal services (Smit Lamnalco). With a versatile fleet of over 1,100 units Boskalis operates in around 75 countries across six continents. Including its share in partnerships, Boskalis has approximately 15,600 employees.
