Boskalis Sets Stock Dividend Conversion Rate
On May 13, 2014 the dividend of Royal Boskalis Westminster N.V. (Boskalis) for the financial year 2013 has been determined at EUR 1,24 per ordinary share. This dividend shall be distributed in the form of ordinary shares, unless a shareholder opts to receive the dividend payment in the form of cash.
With the dividend distribution as stock, shareholders will receive one new ordinary share per 33.8 dividend rights of ordinary shares. The conversion rate has been based on the volume weighted average stock price of Boskalis shares traded on Euronext Amsterdam over the period June 3, 4 and 5, 2014 of EUR 41.9949.
From June 11, 2014 the dividend will be payable in cash and ordinary shares arising from the conversion of dividend rights will be delivered. Cash distribution will be subject to deduction of dividend tax as required by law.