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| Vinci announces meeting of shareholders Vinci’s Board of Directors, chaired by Yves-Thibault de Silguy, co-opted two new independent directors and approved the resolutions that will be proposed to the meeting of shareholders scheduled on 10 May 2007 in Paris. Based on the strong growth in profit in 2006 and the commitment made during the ASF acquisition to increase the pay-out rate to 50% of profit, the meeting will be invited to approve a dividend of €2.65 per share, representing a 33% increase over the dividend paid in respect of 2005. If approved, since an interim dividend of €0.85 was paid on 21 December 2006, the final dividend of €1.80 will become payable on 14 May 2007. Vinci is also planning to ask shareholders to authorise the terms of a new share buy-back programme, which would enable the company to buy shares up to a limit of 10% of its capital and for a maximum amount of €3.5 billion. The meeting will be invited to approve the appointment of the 3 new independent directors co-opted by the Board: Pascale Sourisse, president and CEO of Alcatel Alenia Space and president of Eurospace, Robert Castaigne, chief financial officer and member of the Executive Committee of Total, and Jean-Bernard Lévy, chairman of the Management Board of Vivendi. write your comments about the article :: © 2007 Construction News :: home page |