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BOURBON - Press Release : Combined General Meeting of May 21, 2015 03.00 PM Paris Time

PARIS, May 21, 2015 (GLOBE NEWSWIRE) -- The Combined General Meeting of BOURBON shareholders was held today in Paris, chaired by Mr. Jacques de CHATEAUVIEUX.

All the resolutions submitted to a vote were approved, notably:

  • Distribution of a dividend of € 1 per share, equivalent to that paid in 2014

As of the opening of the NYSE Euronext Paris stock market on June 2, 2015, the BOURBON share will be quoted ex-dividend. The dividend will be paid starting June 4, 2015. The last day to buy shares and still receive the dividend is prior to the closure of the NYSE Euronext Paris market on June 1, 2015.

  • Amendment to article 25 of the memorandum and articles of association in order to adopt the payment of a loyalty dividend

The General Meeting adopted the amendment to article 25 of the memorandum and articles of association with the implementation of a loyalty dividend of 10% for any shareholder who, after the close of any financial year, can prove that his shares have been registered in his name for at least two years and that they have remained so until the date of payment of the dividend for the said financial year.
The number of shares giving entitlement to these benefits cannot exceed, for the same shareholder, 0.5% of the company's share capital.
This provision aims to reward shareholder loyalty and will come into application for payment of dividend to be distributed for the period closed on 31st December 2017, as fixed by the annual General Meeting called in 2018.

  • Reappointment of Ms. Agnès PANNIER-RUNACHER, Mr. Philippe SALLE, and of Mr. Mahmud B. TUKUR as director for three years
  • Appointment as director of Mr. Guillaume de CHATEAUVIEUX, to replace Mr. Christian MUNIER, until the end of the Meeting held in 2017 to decide on the accounts for the elapsed period

The full results of the votes on resolutions and the curriculum vitae of the new director will be available on the http://www.bourbonoffshore.com/en.

FINANCIAL CALENDAR

2015 1st Half Financial Information press release August 5, 2015
2015 1st Half Results press release and presentation September 9, 2015
2015 3rd Quarter Financial Information press release November 4, 2015

About BOURBON

Among the market leaders in marine services for offshore oil & gas, BOURBON offers the most demanding oil & gas companies a wide range of marine services, both surface and sub-surface, for offshore oil & gas fields and wind farms. These extensive services rely on a broad range of the latest-generation vessels and the expertise of more than 11,000 skilled employees. Through its 29 operating subsidiaries the group provides local services as close as possible to customers and their operations throughout the world, of the highest standards of service and safety.

BOURBON provides two operating Activities (Marine Services and Subsea Services) and also protects the French coastline for the French Navy.

In 2014, BOURBON'S revenue came to €1,346.4 million and as of March 31, 2015, the company operated a fleet of 501 vessels. Under the "BOURBON 2015 Leadership Strategy" plan, the group has built a vast fleet of innovative, high-performance mass produced offshore vessels.

Placed by ICB (Industry Classification Benchmark) in the "Oil Services" sector, BOURBON is listed on the Euronext Paris, Compartment A.

Contacts

BOURBON

Investor Relations, analysts, shareholders
James Fraser, CFA
+33 491 133 545
james.fraser@bourbon-online.com

Corporate Communications
Christelle Loisel
+33 491 136 732
christelle.loisel@bourbon-online.com

Media relations agency
Publicis Consultants

Jérôme Goaer
+33 144 824 624
jerome.goaer@consultants.publicis.fr
Véronique Duhoux
+33 144 824 633
veronique.duhoux@consultants.publicis.fr
Vilizara Lazarova
+33 144 824 634
vilizara.lazarova@consultants.publicis.fr

PDF version http://hugin.info/159569/R/1923335/689715.pdf

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Source: BOURBON