BASF Converts to Registered Shares
The shareholders of BASF SE, Ludwigshafen, Germany, at the Annual Meeting in Mannheim, Germany, on April 29, 2010 approved all the items on the agenda by a clear majority. 477,749,207 shares were represented overall at this year’s Annual Meeting, corresponding to 52.02% of share capital.
Shareholders voted by a large majority in favor of conversion of BASF shares from bearer shares to registered shares. Conversion of the 918.5 million BASF shares is scheduled to take place on August 2, 2010. Shareholders will be informed by their custodian banks about the upcoming conversion and will receive further details regarding entry in the share register.
The Annual Meeting also approved the distribution of a dividend of EUR 1.70 per eligible share, corresponding to a payout of approximately EUR 1.6 billion out of a net profit of EUR 2.176 billion for the parent company BASF SE in fiscal 2009. Payment will take place on April 30, 2010, the first day of business following the Annual Meeting.
Would you like to subscribe to our Newsletters on plastics technology and profit from the latest information?
Looking for a new challenge? Check out our jobs market!
Patents encourage innovation: Stay on the ball with the latest innovations in the plastics industry in our patents section.