Information on the Distribution of the Shares of Maurel & Prom NigeriaBy Maurel Prom, PRNE
Monday, May 23, 2011
PARIS, May 24, 2011 -
At its meeting held on 23 May, 2011 the Board of Directors of Maurel &
Prom recommended to the management of the company to continue its reflection
on the terms of the contemplated distribution of the shares of MAUREL & PROM
Nigeria to the shareholders of MAUREL & PROM by focusing on a distribution
preceded by a contribution-spin off (apport-scission) which should be more
beneficial for its shareholders.
This transaction requires a series of complex legal and accounting
operations which cannot be completed before the general shareholders meeting
to be held on 29 June 2011.
An extraordinary general shareholders meeting will be convened during the
second half of 2011 to decide on this transaction.
According to the agenda published in the 25 May 2011 issue of the BALO,
the Annual General Meeting shall be held on 29 June 2011 during which a the
distribution of a dividend of EUR 0,25 per share shall be proposed.
For more information, visit www.maureletprom.fr
This document may contain forward-looking statements regarding
the financial position, results, business and industrial strategy of Maurel &
Prom. By nature, forward-looking statements contain risks and uncertainties
to the extent that they are based on events or circumstances that may or may
not happen in the future. These projections are based on assumptions we
believe to be reasonable, but which may prove to be incorrect and which
depend on a number of risk factors such as fluctuations in crude oil prices,
changes in exchange rates, uncertainties related to the valuation of our oil
reserves, actual rates of oil production and the related costs, operational
problems, political stability, legislative or regulatory reforms, or even
wars, terrorism and sabotage.
Maurel & Prom is listed for trading on Euronext Paris - compartiment A - CAC(R) mid 60 - SBF120(R) - CAC(R) Mid & &Small - CAC(R) All-Tradable - CAC(R) All-Share ISIN FR0000051070 / Bloomberg MAU.FP / Reuters MAUP.PA Next meetings: 29 June 2011 General Meeting
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