Annual report 20108.31 MB - Boskalis

Shareholder informationShare informationBoskalis’ authorized share capital of € 240 millionis divided into 200 million shares, of which 150million ordinary shares and 50 million cumulativeprotective preference shares. The issued capitalas at 1 January 2010 consisted of 98.7 millionordinary shares. Nearly two-thirds of shareholders(62.4%) opted to have their dividend for 2009distributed in the form of stock dividend, resultingin the issue of 2.3 million new ordinary shares inJune 2010. On balance, the issued share capital atas 31 December 2010 consisted of 101.0 millionordinary shares.Royal Boskalis Westminster N.V. shares are listedon NYSE Euronext Amsterdam, where they areincluded in the AEX leading index. The share is alsoincluded in the Euronext Next 150 index, FTSE AllWorld Developed Europe Index and the Dow JonesSTOXX 600 Index.Tickers: Bloomberg: BOKA:NA, Reuters: BOSN.AS,Euronext Amsterdam: BOKAIn 2010, 125 million Boskalis shares were traded onNYSE Euronext Amsterdam (2009: 133 million). Theaverage daily trading volume in 2010 was 485,549shares, a decrease of 6% compared to 2009. Inthe course of 2010 the share price rose 32% from€ 27.05 to € 35.70, comfortably outperformingthe AEX index. The stock market capitalizationincreased 35% compared to the end of 2009 to€ 3.6 billion.Shareholders:The following shareholders are known to havea holding of at least 5% in Boskalis as at 31December 2010:HAL Investments B.V.: 32.93%Delta Lloyd Groep: 5.15%Besides these large shareholders, an estimated15% of the shares are held by shareholdersin the United States and Canada, 25% in theUnited Kingdom and the remainder in mainly theNetherlands, France, Germany and Scandinavia.Merger with SMITOn 12 November 2009 Boskalis and SMIT jointlyannounced their intention to sign a full mergeragreement. To partially finance the acquisitionBoskalis successfully completed an equity issue inearly December involving over 9 million new sharesworth € 230 million. An offer for SMIT’s shares waslaunched on 24 February 2010 and when the bidwas declared unconditional on 27 March, 89.6%of all shares had been tendered. On 5 May 2010SMIT shares were delisted from NYSE EuronextAmsterdam. Since 12 January 2011 Boskalishas been in possession of the full 100% of SMITshares.Dividend policyThe main principle underlying the Boskalis dividendpolicy is to distribute 40% to 50% of the net profitfrom ordinary operations as dividend. At the sametime Boskalis aims to achieve a stable developmentof the dividend in the longer term. The choiceof dividend (in cash and/or entirely or partly inshares) takes into account both the company’sdesired balance sheet structure and the interests ofshareholders.Financial agenda 201117 March Publication of 2010 annual resultsEnd-March Publication of 2010 annual report5 April Capital Market Day12 May Trading update on first quarter of 201112 May Annual General Meeting16 May Ex-dividend date18 May Record date for dividend entitlement (after market close)27 May Final date for stating of dividend preference1 June Determination and publication of conversion rate fordividend based on the average share price on30, 31 May and 1 June (after market close)8 June Date of dividend payment and delivery of shares18 August Publication of 2011 half-year results18 November Trading update on third quarter of 2011Royal Boskalis Westminster nv23