2011 Annual Report - SBM Offshore

Share price
Turnover as %
of share capital
Highest share
price in €
Lowest share
price in €
Closing share
price in €
Closing share
price in US$
2007 240.52 31.52 19.85 21.60 31.80
2008 309.94 26.77 8.72 9.35 13.07
2009 193.63 15.30 9.00 13.78 19.75
2010 161.38 17.16 11.41 16.765 22.43
2011 176.53 20.93 11.75 15.92 20.62
In the course of 2011 no shareholder reported to own an interest in the Company which reaches or exceeds the
5% threshold.
In January 2012, as required under the Major Holdings in Listed Companies Disclosure Act, a US company,
BlackRock Inc. has disclosed ownership of 5% of the voting rights of the Company and a Canadian company,
Sprucegrove Investment Management Limited has disclosed ownership of 5.04% of the shares of SBM
Offshore.
At 31 December 2011, employees of the Company owned 1,287,000 shares in SBM Offshore through an
Employee Share Ownership Plan (ESOP), representing 0.75% of the outstanding share capital.
With reference to the articles of association, all Shareholders are entitled to attend the General Meetings (GM), to
address the GM and to vote. At the GM each Ordinary Share confers the right to cast one (1) vote. Each
protective preference share confers the right to cast one (1) vote, when issued. Unless otherwise required by the
law and articles of association all resolutions shall be adopted by an absolute majority of votes.
The Annual Report includes several sections in which the Company presents its financial results and other
information on its activities, developments and strategy. Financial statements are audited by an external
accounting firm. A selection of the Annual Report is printed in hardcopy for distribution and can also be
downloaded electronically from the Company’s website.
At the AGM, shareholders in attendance vote on granting discharge to the Board of Management for the conduct
of the Company’s businesses and to the Supervisory Board for its supervisory duties during the year under
review.
1.4.4 Dividend
In accordance with its stated policy to pay 50% of net result as dividend, the Company does not propose to pay a
dividend on account of 2011.
This is a customized selection from the SBM Offshore N.V. Annual Report 2011
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