CSM general shareholders' meeting approves dividend
The General Shareholders' Meeting held today approved the proposed dividend increase from € 0.80 to € 0.88 per ordinary share for the financial year 2007.
The dividend of € 0.88 per ordinary share is payable in cash on 6 May 2008, after deduction of dividend tax. The ex-date is 25 April 2008 and the record date is 29 April 2008.
The shareholders also approved the re-appointment of Messrs. M.P.M. de Raad and R. Pieterse as members of the CSM Supervisory Board. Furthermore it was approved that as from the Annual Report 2008 and the Financial Statements 2008, English will be used as the official language for these documents.
The meeting further agreed to cancel 4.3 million shares that CSM had repurchased in the course of 2007.
For more information, please contact:
Press: Mirko Creyghton, Director Corporate Communications, tel. +31 (0)20 5906320 / cell phone +31 6 53527622
Analysts: Ian Blackford, Investor Relations Manager, tel. +31 (0)20 5906349 / cell phone +44 (0)7767 227506
CSM is the largest supplier of bakery products worldwide and is global market leader in lactic acid and lactic acid derivatives. CSM produces and distributes an extensive range of bakery products and ingredients for artisan and industrial bakeries and for in-store as well as out-of-home markets. It also produces a variety of lactic acid applications for the food, chemical and pharmaceutical industries. CSM operates in business-to-business markets throughout Europe, North America, South America, and Asia, generates annual sales of € 2.5 billion and has a workforce of around 8,700 employees in 23 countries. CSM is listed on Euronext Amsterdam. For more information: www.csm.nl.
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