Today Bekaert's Ordinary General Meeting of
Shareholders took place, with Baron Buysse, Chairman of the
Board of Directors, in the chair. The following main
subjects were considered.
The meeting approved the balance sheet and the income
statement as at 31 December 2011, as submitted by
the Board of Directors, including the distribution of a
gross dividend of 0.50 per share. This will bring
the total gross dividend for 2011 (including the interim
dividend of 0.67 paid on 17 October 2011)
to 1.17 compared with 1.67 for 2010.
The dividend ex-date is 11 May 2012. The dividend will be
payable on 16 May 2012 at the following banks: ING Belgium,
Bank Degroof, BNP Paribas Fortis, KBC Bank and Belfius Bank
in Belgium, Société Générale in France, ABN-AMRO Bank in
the Netherlands and UBS in Switzerland.
The meeting approved the 2011 annual report of the Board of
Directors, including the remuneration report for the year
2011. The meeting discharged the Directors and the
Statutory Auditor for the performance of their duties
during the financial year 2011 and approved the
remuneration of the Directors and the Statutory Auditor.
The meeting accepted the recommendations:
to re-appoint Baron Buysse and Sir Anthony Galsworthy
as Directors for a term of two years, until the
Ordinary General Meeting to be held in 2014;
to re-appoint Baron Bekaert, Mr Bert De Graeve, Count
Charles de Liedekerke, and Messrs Hubert Jacobs van
Merlen and Maxime Jadot as Directors for a term of
three years, until the Ordinary General Meeting to be
held in 2015;
to re-appoint Mr Manfred Wennemer as independent
Director for a term of three years, until the Ordinary
General Meeting to be held in 2015.
Today an Extraordinary General Meeting of Shareholders took
place as well. The meeting extended the authorizations
granted to the Board of Directors to buy back company
shares and to increase the registered capital (authorized