The Bourbon Annual and Special
Shareholders' Meeting was held under the chairmanship of Jacques
de Chateauvieux at the Palais Brongniart in Paris.
The following resolutions were passed at the Meeting:
- Distribution of a dividend of 1 euro per share
This dividend, which represents a 78% increase compared to 2004, will
be paid as from Monday, May 29, 2006. It gives a right to a tax-free
allowance of 40%, i.e. 0.40 euros per share, for individuals who are tax
residents in France.
- 2-for-1 stock split
Given the change in the value of the company's stock and in order to
increase liquidity, each shareholder will be allotted two new shares in
exchange for every share currently held.
The total number of shares representing the statutory share capital is
thus raised to 50,113,610. This reduction in the par value of the share
requires no action by shareholders and results in no dilution of the
Euronext recognition of this 2-for-1 stock split is scheduled for June
1, 2006, when the market price will be adjusted by 50%.