The Netherlands: Boskalis Sets Stock Dividend Conversion Rate at 1:19

On 10 May 2012 the dividend of Royal Boskalis Westminster N.V. for 2011 was set at EUR 1.24 per ordinary share with a choice of stock or cash dividend.

With the dividend distribution as stock, shareholders will receive 1 new ordinary share per 19 dividend rights of ordinary shares. The conversion rate has been based on the volume weighted average stock price of Boskalis shares traded on NYSE Euronext Amsterdam over the period 30, 31 May and 1 June 2012 of EUR 24.0492.

Both the cash and stock dividend will be made payable from Wednesday 6 June 2012. Cash distribution will be subject to deduction of dividend tax as required by law.

Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world with the construction and maintenance of ports and waterways, land reclamation, coastal defense and riverbank protection.

Boskalis offers a wide variety of marine services through SMIT including harbour towage, salvage, subsea, transport and heavy lift services. It also has strategic partnerships in the Middle East (Archirodon) and in terminal services (Smit Lamnalco). Boskalis has a versatile fleet of over 1,100 units and operates in around 75 countries across six continents. Including its share in partnerships, Boskalis has approximately 14,000 employees.

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Dredging Today Staff, June 1, 2012; Image: Boskalis