11Jun10

Press release

Group

SCOR continues its active dividend policy with a payout ratio of 48%; shareholders’ choice: €137 million in cash, €42 million in new shares

The Shareholders of SCOR SE decided on 28 April 2010 that the Company would pay a dividend of EUR 1 per share for the fiscal year 2009, representing a payout ratio of 48%, and that such dividend could be received either in cash or in new ordinary Company shares, to be issued at a price set at EUR 15.96. A press release specifying the practical conditions applicable to this option was released on the same date.

The Shareholders of SCOR SE decided on 28 April 2010 that the Company would pay a dividend of EUR 1 per share for the fiscal year 2009, representing a payout ratio of 48%, and that such dividend could be received either in cash or in new ordinary Company shares, to be issued at a price set at EUR 15.96. A press release specifying the practical conditions applicable to this option was released on the same date.
 
The option period, which began on 12 May 2010, ended on 2 June 2010. Shareholders representing 23% of the share capital have opted to receive their dividend in SCOR shares. The equivalent of EUR 42,254,371 will be paid through the issuance of 2,647,517 new ordinary shares (representing 1.43% of its share capital), which will be delivered and listed on Eurolist by NYSE Euronext Paris on 15 June 2010, on the same line as the existing shares.

Contact

Marie-Laurence Bouchon

Group Head of Communications

+33 (0)1 58 44 75 43

mbouchon@scor.com

 

Ian Kelly

Head of Investor Relations

+44 203 207 8561

ikelly@scor.com