Business News

Saint-Gobain: Annual General Meeting and Board Meeting of June 5, 2014: Pierre André de Chalendar Reappointed as CEO

Friday 06. June 2014 - The Annual General Meeting of Compagnie de Saint-Gobain shareholders was held today in Paris. Shareholders present or represented at the meeting held an aggregate 62.57% of the outstanding shares. All the resolutions were adopted.

The term of office as director of Mr. Pierre-André de Chalendar was renewed by the Annual General Meeting.
Shareholders also approved the payment of a dividend of €1.24 per share (unchanged from the previous year), with payment of 50% in cash, and the option for the shareholder of receiving the remaining 50% in cash or reinvesting it in new shares of Company stock. Shareholders who choose to reinvest their dividend should notify their bank or broker between  June 11 and the close of business on June 25. The price of the new shares issued upon reinvestment of the dividend will be € 36.89 after applying the maximum 10% discount. The ex-dividend date will be June 11 and the dividend will be paid or the shares delivered as from July 4, 2014.