Sartorius Stedim Biotech: Proposals by the Board of Directors to the Annual General Shareholders' Meeting
Aubagne, February 25, 2016 – The Board of Directors of Sartorius Stedim Biotech S.A. resolved to submit a proposal to the Annual General Shareholders' Meeting (AGM) on April 5, 2016, to pay a dividend of €2.00 per share for fiscal 2015, up from €1.30 a year earlier. The total profit distributed would rise from €20.0 million by 53,9% to €30.7 million.Moreover, the Board of Directors decided to submit resolutions to the Shareholder Meeting to split by 6 the par value of each of the Company's shares (stock split). As a result, shareholders would receive 6 shares in exchange for each share held in Sartorius Stedim Biotech. This share split operation would be executed without any additional costs or formalities for the shareholders and will have no impact on their rights. The proposed stock split is a result of the significant increase of the share price in the past 2 years and aims at increasing the tradability of Sartorius Stedim Biotech shares.
This press release contains statements about the future development of the Sartorius Stedim Biotech Group. We cannot guarantee that the content of these statements will actually apply because these statements are based upon assumptions and estimates that harbor certain risks and uncertainties.