Viscofan will pay a complementary dividend from 2013 net income of a gross amount of €0.704 per share.
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28TH February 2013- The Board of Directors of Viscofan in the meeting held the 27th February 2014, has agreed for approval at the Company's Shareholder Meeting, to submit a gross complementary dividend of €0.704 per share.
The payment of this dividend shall be executed on June 4th, 2014 by Banco Santander
Thus, the total shareholder remuneration proposed by the Board of Directors of Viscofan is €1.12 (gross) per share, including the interim dividend of €0.410 per share paid on 23 December 2013, the aforementioned complementary dividend of €0.704 per share and €0.006 per share as a bonus for attending the Shareholder's Meeting. The remuneration proposed is 1.8% higher than the total remuneration of €1.10 approved last year.
Viscofan SA is a Spain-based company engaged in the packaging industry, mainly for meat products. The Company focuses on the manufacture and distribution of artificial castings, as well as plastic films that are used for separation of sliced food. Its products range includes cellulose, collagen, fibrous and plastic castings. In addition, it designs and produces packing machinery, as well as provides related spare parts. The Company also sells electric power, which is produced by cogeneration systems. The Company operates manufacturing plants and sales offices in Spain, Serbia, Czech Republic, Germany, Brazil, Mexico, Uruguay, China and the United States, among others. It controls a number of subsidiaries, such as Nanopack, Technology and Packaging SL, Naturin Viscofan GmbH and Viscofan Centroamerica Comercial SA.