At Lafarge shareholders' AGM bright prospects announced for 1999

05.28.1999
 

At the Lafarge Group's Annual General Meeting, held on May 27, 1999, shareholders voted to approve the accounts and the Board's management report for 1998.

The dividend was fixed at 12.00 French francs (Euro 1.83) per share, and for the first time shareholders who have held their shares in registered form for at least two years will receive their dividend with a 10% bonus, i.e. FRF 13.20 (Euro 2.01). To these amounts should be added a tax credit of FRF 6.00 for the normal dividend and FRF 6.60 for the bonus dividend.

Between June 7 and 25, 1999, shareholders may elect to reinvest their dividend in the form of shares at a price of Euro 80.67 (FRF 529.16) per share. The dividend may be paid out in cash on July 7, 1999.

This AGM brought the term of office as a director of Olivier Lecerf, chairman and chief executive of Lafarge between 1974 and 1989, to an end. The current chairman and chief executive, Bertrand Collomb, took the opportunity to express great gratitude to Olivier Lecerf for having played such an eminent part in the development of the Group, particularly its international growth. Olivier Lecerf has been honorary chairman of Lafarge since 1989.

Shareholders approved the appointment as a director of Madame Hélène Ploix, chairman and chief executive of Pechel Industries.

 

Commenting on the current year, Bertrand Collomb stressed that the Group intends both to integrate its new businesses rapidly and to press ahead with its international development strategy. He said that Lafarge is forecasting a good year in 1999 in all its business areas: "The Group is benefiting from market trends that are favorable overall," he stated. "If you also bear in mind our measures to optimize internal performance and to raise productivity, our results should certainly continue to improve this year."

 

The world leader in construction materials, Lafarge employs 66,000 people in more than 65 countries, generating sales of FRF 64.3 billion (approximately 10 billion euros).

 

The press release (pdf, 40.38 KB)