LafargeHolcim announces scrip dividend terms
Published by Lucy Stewardson,
Editorial Assistant
World Cement,
As announced on 3 July 2019, 72.98% of LafargeHolcim’s distribution for FY18 was elected by shareholders to be paid in the form of new LafargeHolcim Ltd shares.
Based on the daily volume weighted average price of existing LafargeHolcim shares, traded on the SIX Swiss Exchange between 27 May and 7 June 2019, the reference share price is CHF49.01. The issue price of CHF45.09 is set at a discount of 8% to the reference share price and the conversion ratio is 1:22.545.
19 303 633 new LafargeHolcim shares will be issued out of authorised capital for the scrip dividend. The delivery of the new shares and the payment of the cash dividend will be on 25 June 2019.
Read the article online at: https://www.worldcement.com/europe-cis/11062019/lafargeholcim-announces-scrip-dividend-terms/
You might also like
Ready to revolutionise the cement industry?
Join World Cement in Lisbon, 10 – 13 March 2024, for our first in-person conference and exhibition: EnviroTech.
This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.
Measure Twice, Mix Once
Claudio Piccino, Thermo Fisher Scientific, talks about the benefits of in-stream raw material analysis and what plants should consider when implementing cross-belt online elemental analysers into their process.