72.98% of LafargeHolcim’s distribution for FY18 was elected to be paid in the form of new LafargeHolcim Ltd shares, while the remaining 27.02% will be paid out in cash.
The company’s Annual General Meeting was held in Zurich in May, where shareholders were offered the possibility to receive the 2018 dividend in cash, in new LafargeHolcim shares, or in a combination of both. The election period ended on 31 May 2019. 435 200 421 election rights were exercised for the receipt of new LafargeHolcim shares. Election rights not exercised during the election period will be paid out in cash.
The reference share price, the issue price, the conversion ratio, and the number of new LafargeHolcim shares will be published on 11 June. Delivery of the shares and payment of the cash dividend will be on 25 June 2019.
Read the article online at: https://www.worldcement.com/europe-cis/03062019/lafargeholcim-announces-result-of-2018-dividend-payment-option/