Alstom shareholders approve the combination with Siemens’ Mobility business

Alstom has announced that 95% of the shareholders approved the resolutions related to the proposed combination of Alstom with Siemens Mobility business including its rail traction drives business.
As part of the combination, Alstom existing shareholders at the close of the day preceding the closing date, will receive two exceptional distributions: a control premium (Distribution A) of EUR 4 per share, and an exceptional distribution (Distribution B) of up to EUR 4 per share.
The transaction is subject to approval by relevant anti-trust authorities and closing is expected in the first half 2019.
The shareholders approved the distribution of a dividend of EUR 0.35 per share, up 40% compared to last year. The ex-dividend date would be 20 July 2018 and the record date would be 23 July 2018. The dividend would be payable in cash from 24 July 2018.
The shareholders approved the renewal of the mandates of the directors, as well as the future Board of Directors of the combined entity Siemens Alstom composed of 11 Directors, out of which 6 independent members (55%) and 5 women (45%). The shareholders approved the removal of double voting rights allowing to revert to the “one share, one vote” principle.


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