General Meeting of Shareholders

(PresseBox) ( Herford, )
Today Bekaert's Ordinary General Meeting of Shareholders took place, with Baron Buysse, Chairman of the Board of Directors, in the chair.

The meeting approved the balance sheet and the income statement as at 31 December 2010, as submitted by the Board of Directors, including the distribution of a gross dividend of € 1 per share. This will bring the total gross dividend (including the intermediate dividend of € 0.6671 distributed as from 15 October 2010) to € 1.667, compared with € 0.980 last year.

The dividend ex-date is 13 May 2011. The dividend will be payable as from 18 May 2011 onwards upon presentation of dividend coupon no 13 at the following banks: ING Belgium, Bank Degroof, BNP Paribas Fortis, KBC Bank and Dexia Bank in Belgium, Société Générale in France, ABN-AMRO Bank in the Netherlands and UBS in Switzerland.

The meeting discharged the Directors and the Statutory Auditor for the performance of their duties during the financial year 2010 and approved the remuneration of the Directors and the Statutory Auditor.

The meeting accepted the recommendation to re-appoint Dr Alan Begg as independent Director for a term of three years, expiring after the Ordinary General Meeting of 2014.

Today an Extraordinary General Meeting of Shareholders took place as well. The meeting amended Bekaert's Articles of Association to conform to recent legislation regarding the exercise of shareholder rights.
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