28Apr10

Press release

Group

SCOR shareholders approved the option for the payment of the 2009 dividend in SCOR shares

The shareholders of SCOR SE (“SCOR” or the “Company”), meeting on the date hereof in ordinary and extraordinary session at the Company’s registered office, approved, by 99.99% of the votes, the distribution of a dividend of EUR 1 per share for the 2009 fiscal year, and decided, by 95,10% of the votes, that each shareholder will be offered the option to choose between the payment of a dividend in cash or in new shares to be issued, this option applying to the total amount of the dividend to which each shareholder is entitled.

The shareholders of SCOR SE (“SCOR” or the “Company”), meeting on the date hereof in ordinary and extraordinary session at the Company’s registered office, approved, by 99.99% of the votes, the distribution of a dividend of EUR 1 per share for the 2009 fiscal year, and decided, by 95,10% of the votes, that each shareholder will be offered the option to choose between the payment of a dividend in cash or in new shares to be issued, this option  applying to the total amount of the dividend to which each shareholder is entitled.
 
The issuance price of the new ordinary shares to be issued in payment of the dividend has been set at EUR 15.96 corresponding to the volume-weighted average price of SCOR share quoted on Euronext Paris during the twenty trading days which have preceded the date of the General Shareholders’ Meeting, less the dividend net amount, reduced by a discount of 10% and rounded up to the nearest cent.
 
The coupon date is set at May 12, 2010. Shareholders wishing to opt for payment of the dividend in shares can file their request with their financial establishments from May 12, 2010 to June 2, 2010 inclusive.
 
The shareholders will receive the payment of their dividend in cash or the delivery of shares, as applicable, on June 15, 2010. Any shareholder that has not exercised  his option by June 2, 2010 shall only be entitled to receive the dividend in cash.
 
The new ordinary shares thereby issued shall be of same category than existing shares, shall entitle the holder to all benefits as of January 1, 2010 and shall entitle the holder to any distribution approved from the issuance date.
 
Considering the maximum total amount of the dividend and of the issuance price of the new ordinary shares, the theoretical number of new shares (not taking into account applicable social and/or tax contributions) likely to be issued is 11,642,099.
 
If the amount of the dividend to which a shareholder is entitled does not correspond to a whole number of shares, such shareholder may obtain the immediately higher number of shares by paying, on the date on which the option is exercised, the difference in cash or, inversely, obtain the immediately lower number of shares together with the balance in cash.

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