Société de la Tour Eiffel
Paris : EIFF

June 04, 2013 11:56 ET

Societe de la Tour Eiffel: AGM 30 May 2013 - adoption of motions and alternative scrip issue for final dividend

PARIS--(Marketwired - Jun 4, 2013) -

30 May 2013 Annual General Meeting: adoption of motions and alternative scrip issue for 2012 final dividend

All motions voted at the Annual General Meeting

The Annual General Meeting adopted by a large majority (between 69.2 and 99.9%) the 20 motions proposed, including:

* Approval of the 2012 company accounts and consolidated financial statements, appropriation of earnings and distribution,

* Reappointment of Mark Inch, Robert Waterland, and Philippe Prouillac as directors,

* Delegation of powers (for a 26-month period) granted to the Board to raise equity by various means, an endorsement of the company's strategy and vote of confidence in the management.

Payment of the final dividend by scrip issue or in cash

The company proposes a final dividend for 2012 of EUR 2.10 per share in addition to the EUR2.10 per share interim dividend paid last October. Shareholders may choose to receive this final dividend by way of scrip issue or in cash. The overall dividend for 2012 amounts to EUR 4.20 EUR per share.

In the event of payment by scrip issue, the issue price of the new shares is set at EUR 46.31 corresponding to 95% of the average closing share price for the 20 trading days preceding 30(th) May, minus the amount of the final dividend.

The ex dividend date is 5(th) June 2013 and payment will be made on 27(th) June 2013. The option period for acceptation of the dividend in shares is from 5(th) June to 18(th) June 2013 inclusive.

The 2012 annual report including the corporate sustainability report is available on the company's website.

2013 Calendar:

- 27(th )June: final pay-out of 2012 dividend

- 24(th )July post market close: half-year results

About Société de la Tour Eiffel

A listed real estate investment company (SIIC) on NYSE Euronext Paris, the company pursues a strategy focused on the ownership and the development of quality office and business space capable of attracting a wide range of tenants in both established and emerging locations. The company's portfolio stands at 915 million Euros of assets spread between the Paris area and the regions. Société de la Tour Eiffel is listed on NYSE Euronext Paris (compartment B) - ISIN code: 0000036816 - Reuters: TEIF.PA - Bloomberg EIFF.F. Indexes: GIEIF Foncières, IEIF Immobilier France.

adoption of motions AGM 30 May 2013 and 2012 final dividend:

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Source: Société de la Tour Eiffel via Thomson Reuters ONE [HUG#1707067]

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