RHONE-POULENC SA ANNOUNCES DIVIDEND SCHEDULE
RHONE-POULENC SA ANNOUNCES DIVIDEND SCHEDULE PRINCETON, N.J., July 24 /PRNewswire/ -- Rhone-Poulenc SA
(NYSE: RP Pr C, RP Pr A, RPU, RP WS), the world's seventh largest chemical company, today announced the following payment schedule for its proposed 1991 dividend for the Group's American Depositary Shares.
Preferred Investment Certificates (PIC) Represented by ADSs, 1 PIC equal 2 ADSs (NYSE: RP Pr C) Ex-dividend date: July 27, 1992 U.S. record date: July 31, 1992 Payment date: Aug. 17, 1992 Gross dividend per ADS 11.6250 FF (A) Net dividend payable 5.8125 FF Net dividend declared 7.7500 FF Eligible refund 4.0687 FF Eligible foreign tax credit 1.7438 FF (A) All dividends will be paid in U.S. Dollars at an exchange rate determined on or about July 31, 1992. Participating Shares Series A (PSSA) Represented by ADSs, 1 PSSA equal 4 ADSs (NYSE: RP Pr A) Ex-dividend date: Aug. 10, 1992 U.S. record date: Aug. 15, 1992 Payment date: Aug. 31, 1992 Gross dividend per ADS 5.8125 FF (A) Net dividend payable 5.8125 FF (A) U.S. dollars calculated according to the Federal Reserve Bank "Noon Buying Rate" on Aug. 13, 1992. Rhone-Poulenc SA concentrates its activities in three areas: life sciences; advanced materials and applied specialty chemicals; and major organic and inorganic intermediates. Its shares trade in Paris, London and New York. The group operates in 140 countries and has more than 89,000 employees. Rhone-Poulenc's U.S. chemicals subsidiary, Rhone- Poulenc Inc., is headquartered in Princeton, N.J. The group owns a 67 percent interest in the pharmaceutical company Rhone-Poulenc Rorer (NYSE: RPR), based in Collegeville, Pa. In 1991, North American sales represented approximately 23.5 percent of
the group's total sales.
-0- 7/24/92 /CONTACT: Lois H. Fuchs, treasurer, 908-821-3539, or Arvind K. Sood, investor relations, 908-821-3487 (from Aug. 3, 1992), both of Rhone-Poulenc, or Fern Lazar or John McInerney of Dewe Rogerson, 212-688-6840, for Rhone-Poulenc/ (RP) CO: Rhone-Poulenc SA ST: New Jersey IN: CHM SU: DIV
AH-OS -- NY040 -- 3054 07/24/92 13:18 EDT
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|Date:||Jul 24, 1992|
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