Information  X 
Enter a valid email address
  Print      Mail a friend       More announcements

Tuesday 18 March, 2008

SQM

SQM Announces Date of 2008 Annual Shareholders ...





SANTIAGO, Chile, March 18 /PRNewswire/ --

    Sociedad Quimica y Minera de Chile S.A. (SQM) (NYSE: SQM, SQMA; Santiago
Stock Exchange: SQM-B, SQM-A) announced today that its Board of Directors has
agreed to propose a gross final dividend of US$4.4459 per ADR (US$0.44459 per
ordinary share) at its 2008 annual shareholders meeting. The Company also
announced that its annual shareholders meeting will be held in Santiago,
Chile, on April 30, 2008.



    In accordance with SQM's dividend distribution policy, during its session
held today, the Board of Directors voted unanimously to propose the payment
of a final dividend equivalent to 65% of the Company's distributable net
income for the year 2007. This proposal is subject to the approval of
shareholders at the Company's 2008 annual meeting, which will be held on
April 30, 2008. If approved, the dividend will be paid to shareholders of
record on the fifth business day prior to the payment date, in the case of
Chilean shareholders. The Company's depositary bank, the Bank of New York
Mellon, will inform ADR holders of the record date applicable to them. The
amount payable to local shareholders will be the Chilean peso equivalent of
US$0.44459 per share, in accordance with the "Observed Exchange Rate" as
published in the Official Gazette on April 30, 2008. The payment date of this
dividend will be Monday, May 12, 2008.



    SQM is an integrated producer and distributor of specialty plant
nutrients, iodine and lithium. Its products are based on the development of
high quality natural resources that allow the Company to be leader in costs,
supported by a specialized international network with sales in over 100
countries. SQM's development strategy aims to maintain and strengthen the
Company's world leadership in its three core businesses: Specialty Plant
Nutrition, Iodine and Lithium.


    
    For further information, contact:
    Patricio Vargas, +56-2-4252274 / [email protected]
    Carolyn McKenzie, +56-2-4252074 / [email protected]





    Statements in this press release concerning the Company's business
outlook, future economic performance, anticipated profitability, revenues,
expenses, or other financial items, anticipated cost synergies and product or
service line growth, together with other statements that are not historical
facts, are "forward-looking statements" as that term is defined under Federal
Securities Laws.



    Any forward-looking statements are estimates, reflecting the best
judgment of SQM based on currently available information and involve a number
of risks, uncertainties and other factors that could cause actual results to
differ materially from those stated in such statements. Risks, uncertainties,
and factors that could affect the accuracy of such forward-looking
statements, are identified in the public filing made with the Securities and
Exchange Commission, and forward-looking statements should be considered in
light of those factors.



Web site: http://www.sqm.com

                       

a d v e r t i s e m e n t