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.

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SBM Offshore Press Release:

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


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