Boskalis jaarverslagen 2011

Shareholder information

It is important to us that the value of our share adequately reflects our performance and the development in our markets. We therefore strive to inform our stakeholders as completely and transparently as possible about our strategy and policy and the ensuing financial performance.

Open dialog

Transparent and regular communication with our stakeholders is something we value highly. We consider our financial stakeholders to include existing and potential shareholders, other investors and their brokers, and the media. It is important to us to provide them with clear and accessible information. The Boskalis share is covered by the major Dutch brokers as well as a number of foreign brokers and their analysts, whom we also consider as belonging to our financial stakeholders. They want to provide their clients with good advice and information about our company, and about developments in the dredging and maritime services markets and contracting in general. Questions from stakeholders are answered candidly and wherever possible we take the initiative when it comes to raising important issues. We maintain regular contact with major investors and analysts, for example by organizing annual visits to project sites.

In 2011 we held over 350 meetings with investors from Western Europe, the United States, Australia and Canada, including roadshows and conferences. 
Meetings with investors and analysts are held using publicly available presentations (www.boskalis.com) and no stock price-sensitive information is discussed.

Corporate website

Our corporate website provides a constantly updated source of information about our core activities and ongoing projects. The Investor Relations section offers share information and other information relevant to shareholders, as well as the latest and archived press releases and analyst and company presentations.

Share information

Boskalis’ authorized share capital of EUR 240 million is divided into 200 million shares, comprising 150 million ordinary shares and 50 million cumulative protective preference shares. The issued capital as at 1 January 2011 consisted of 101 million ordinary shares.

Nearly two-thirds of shareholders (64%) opted to have their 2010 dividend distributed in the form of a stock dividend, in light of which we issued over 2.5 million new shares in 2011. On balance, the issued share capital at as 31 December 2011 consisted of 103.5 million ordinary shares.

Royal Boskalis Westminster N.V. shares are listed on NYSE Euronext Amsterdam, where they are included in the AEX leading index. The share is also included in the Euronext Next 150 index and the Dow Jones STOXX 600 Index.

Tickers: Bloomberg: BOKA:NA, Reuters: BOSN.AS

In 2011, 100 million Boskalis shares were traded on NYSE Euronext Amsterdam (2010: 125 million). The average daily trading volume in 2011 was over 390,000 shares. In the course of 2011 the share price fell by 21% from EUR 35.83 to EUR 28.39. The market capitalization declined 18.5% compared to the end of 2010 to EUR 2.9 billion.

Shareholders

The following shareholders are known to have a holding of at least 5% in Boskalis as at 31 December 2011:

HAL Investments B.V.: 33.37%
Delta Lloyd N.V.: 5.82%
Mondrian Investment Partners Limited: 5.01%

Besides these large shareholders, an estimated 18% of the shares are held by shareholders in the United States and Canada, 20% in the United Kingdom and the remainder in mainly the Netherlands, France, Germany and Scandinavia.

Dividend policy

The main principle underlying the Boskalis dividend policy is to distribute 40% to 50% of the net profit from ordinary operations as dividend. At the same time Boskalis aims to achieve a stable development of the dividend in the longer term. The choice of dividend (in cash and/or entirely or partly in shares) takes into account both the company’s desired balance sheet structure and the interests of shareholders.

Financial agenda 2012

15 March  
Publication of 2011 annual results 
End of March 
Publication of 2011 annual report
10 May   
Trading update on first quarter of 2012 
10 May   
Annual General Meeting of Shareholders 
14 May Ex-dividend date 
16 May Record date for dividend entitlement (after market close) 
29 May Final date for stating of dividend preference 
1 June  Determination and publication of conversion rate for dividend based on the average share price on 30 and 31 May and 1 June (after market close) 
6 June  Date of dividend payment and delivery of shares 
16 August  Publication of 2012 half-year results
16 November 
Trading update on third quarter of 2012 

Added to My report add to My report Source: Annual review 2011, Boskalis at a glance, page 18