SBM Offshore N.V.
amsterdam : SBMO

May 31, 2011 08:10 ET

SBM Offshore N.V. - Dividend Payment

SCHIEDAM, NETHERLANDS--(Marketwire - May 31, 2011) -



1. Dividend Payment

At the Annual General Meeting of Shareholders held in Rotterdam on 5 May 2011, shareholders voted in favour of the dividend proposal to distribute EUR 0.48 per ordinary share (US$ 0.71 per ordinary share converted at the ECB reference exchange rate of 5 May 2011).

Shareholders were able to choose between payment of the dividend in cash or in stock. For the optional stock dividend the conversion ratio has been determined using the volume weighted average share price from 23 May 2011 to 27 May 2011 of EUR 17.9711. The conversion ratio has thus been fixed at 2 new shares for 75 existing.

Payment of the cash dividend (after deduction of 15% withholding tax) and delivery of the ordinary shares for the stock dividend, plus eventual settlement of fractions in cash, will take place on 1 June 2011. The dividend will be distributed to shareholders through the bank or broker which keeps their shares in administration.

To see the full version of this press release please click on the link below:

SBM Offshore Press Release: http://hugin.info/130754/R/1520253/456620.pdf

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: SBM Offshore N.V. via Thomson Reuters ONE

[HUG#1520253]

Contact Information

  • Contact person:
    Mr. Sebastiaan de Ronde Bresser
    Telephone: (+377) 92 05 85 15
    Mobile: (+33) 643 919 312
    Fax: (+377) 92 05 89 40
    E-mail: Email Contact
    Website: www.sbmoffshore.com