Benckiser N.V. Declares 1999 Interim Dividend.AMSTERDAM, The Netherlands--(BUSINESS WIRE)--Aug. 4, 1999-- The Supervisory Board Supervisory board The board of directors that represents stakeholders in the governance of the corporation. of Benckiser N.V., on a proposal made by the Managing Board, has declared an interim cash dividend of NLG NLG The ISO 4217 currency code for the Dutch Guilder. 0.80 per share over fiscal year 1999. The amount of the interim dividend is NLG 0.80 per class B common share, nominal value Nominal Value The stated value of an issued security that remains fixed, as opposed to its market value, which fluctuates. Notes: When referring to fixed-income securities, the nominal value is also the face value. NLG 1.00 (also traded on the NYSE NYSE See: New York Stock Exchange as a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Share) and NLG 0.80 per class A common share, nominal value NLG 4.00. The timetable for the interim dividend distribution is as follows: August 6, 1999: ex-dividend quotation at the New York Stock Exchange and the Amsterdam Stock Exchange; August 10, 1999: US record date; August 16, 1999: pay date in the Netherlands for bearer shares; August 24, 1999: anticipated pay date for registered shares (including but not limited to shares traded on the NYSE as a New York Share). The date of payment in the Netherlands in respect of bearer shares will be August 16, 1999. The interim dividend of NLG 0.80 per share will be made payable at ABN AMRO Bank NV, Herengracht 595, 1017 CE Amsterdam, the Netherlands. Holders of bearer shares will receive a dividend in cash (after deduction of 25% dividend withholding tax The amount legally deducted from an employee's wages or salary by the employer, who uses it to prepay the charges imposed by the government on the employee's yearly earnings. ), through the authorised custodians where the dividend sheets relating to their shares are kept in safekeeping Safekeeping The storage of assets or other items of value in a protected area. Notes: Individuals may use self-directed methods of safekeeping or the services of a bank or brokerage firm. as of the close of business on August 5, 1999. Payment in respect of registered shares is anticipated to occur on or about August 24, 1999. Distribution in respect of registered shares shall be made by Morgan Guaranty Trust Company of New York, New York, 10260-0060, USA or the Company. Persons entitled to a distribution on registered shares shall be persons in whose name shares are registered at August 10, 1999. Dividend payments in respect of registered shares will be subject to deduction of dividend withholding tax, where applicable. Note for Editors Benckiser N.V. is a world leader in niche household cleaning products headquartered in Amsterdam, the Netherlands. In 1998 the Company reported net revenues of NLG 3.9 billion and net earnings of NLG 240 million. Benckiser sells its products in more than 45 countries around the world under leading brand names such as Calgon Water Softeners, Calgonit / Finish / Electrasol Automatic Dishwashing Products, Vanish Laundry Additives and Cillit and Lime-A-Way Lime-and-Rust Cleaners. The Company's shares are listed on the Amsterdam and New York Stock Exchanges New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . |
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