PARIS--(BUSINESS WIRE)--Regulatory News:
The Board of Directors of SFL (Paris:FLY), which met today under the chairmanship of Mr. Juan-José Brugera, gave its approval in principle to a distribution of €1.05 per share. The Board of Directors having decided that from this date onwards the two annual distributions will be of equal value, this sum represents 50% of the total annual distribution of SFL.
The distribution, which will be deducted from the share premium account, will be paid on 20 November 2015, subject to the approval of shareholders at the General Meeting to be held on 13 November 2015.
The General Meeting will also be invited to approve the creation of three new positions on the Board of Directors and the nominations of Mrs Nuria Oferil Coll, representing Colonial, and Mr. Ali bin Jassim Al Thani and Mr. Adnanne Mousannif, representing Qatar Holding and DIC Holding funds.
ABOUT SFL:
Leader on the prime segment of the Parisian tertiary real estate market, the Société Foncière Lyonnaise stands out for the quality of its property portfolio, which is valued at 4.8 billion euros and is concentrated on the Central Business District of Paris (Louvre Saint-Honoré, Edouard VII, Washington Plaza, etc.), and for the quality of its client portfolio, which is composed of prestigious companies in the consulting, media, digital, luxury, finance and insurance sectors.
STOCK MARKET:
Euronext Paris Compartment A – Euronext Paris ISIN FR0000033409 – Bloomberg: FLY FP – Reuters: FLYP PA
S&P RATING: BBB stable outlook
