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Questions |
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Answers |
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1 :
How can I find out when the General Meeting will be held? |
The SEB Securities Department sends a letter of convocation to all
registered shareholders. The letter includes the text of the
resolutions, power to vote by mail and a form to request an admission
card. Moreover, at the end of each year, we send a calendar of events
for the following year to all shareholders included in our files. This
calendar is available on our Internet site and in our annual report,
and is reproduced on most of the calendars / agendas published in the
economic and financial press.
Bearer shareholders must ask
their portfolio manager for shareholding certificates for their SEB
shares. These certificates can be sent to the SEB Securities Department
to obtain an admission card or a form for voting by mail or be
presented on the day of the meeting. |
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2 :
My bank takes Stock Exchange orders by telephone. Why don’t you? |
We cannot offer all the advantages of registered shares and at the
same time provide the close management flexibility of a manager in
direct contact with his clients. A shareholder who chooses to have his
securities managed as registered shares knows that he is going to keep
them for a certain period of time. Orders are processed on the day (D)
they are received by the shareholder service (mail, fax, e-mail) and
transmitted to the Stock Exchange at opening time the following morning
(D+1). |
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3 :
How do I determine the value of my SEB shares portfolio for an ISF (wealth tax) declaration? |
SEB shares held on 31 December are appraised at either the last
quoted price of the year, or at the average of the last 30 closing
prices of the year. Thus, for the 2005 fiscal year, the average of the
last 30 closing prices on the Stock Exchange, which is fiscally more
advantageous, could be used :
- last price quoted in 2005: €92.00 ;
- average of the last 30 closing prices in 2005: €90.645.
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4 :
What is your shareholder remuneration policy? |
It is not a "payout ratio" policy: the Group has not chosen to allocate a set percentage of its income to the shareholders.
We are pursuing a policy of regular shareholder remuneration with a long-term outlook :
- a reasonable increase in the dividend when the results allow it,
- stabilisation of the dividend when circumstances require it.
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5 :
Do you plan to “repeat” the free share allotment operation carried out in 2004? |
That allotment corresponded to the Group’s desire to enable our
shareholders to enjoy the very strong growth in our income for 2003.
It came alongside a more conventional, and regular, increase in the dividend paid out (5%).
This type of operation is not designed to be recurrent, but could be used by the Group in special, one-off situations.
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6 :
If we are not free on the day of the General Meeting, how will we be informed of the debates and the main resolutions adopted? |
| If we are not free on the day of the General Meeting, how will we be informed of the debates and the main resolutions adopted? |
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