The General Shareholders' Meeting of Elf Gabon, convened extraordinarily by the Board of Directors on November 27, 1998, was held today in Libreville. Acting on the Board's proposal and in accordance with Article 45 of the company's statutes, it was decided to pay out a dividend of $30 per share drawn from reserves.
In addition, Mr. Philippe Pontet was elected a member of the Board, replacing Mr. Bernard Mirat.
The Board of Directors met following the General Shareholders' Meeting and set the modalities for the dividend payment. An amount of $30 per share will be paid in French francs (or the equivalent in CFA francs) as of December 28, 1998, based on the Bank of France's dollar exchange rate on December 9, of FF5.5951 or a rounded amount of FF167.85 per share. No tax credit is attached to the distribution of this dividend.
Payment will be made at the following banks:
- in Gabon: Union Gabonaise des Banques
- in France: Crédit Lyonnais, Banque Nationale de Paris, Banque Paribas, Crédit Commercial de France, Crédit Industriel et Commercial, Crédit du Nord, Société Générale
Thomas Saunders (33.1) 47.44.42.30
Catherine Durand (33.1) 47.44.37.76
| |
|
|
Investor Relations Contacts |
In Paris : (33) 1.47.44.24.63
In New York : (1) 212.922.3004 |
