SQM Shareholders Approve Dividend Payment and Elect Board of Directors
SANTIAGO, Chile, April 30 /PRNewswire-FirstCall/ -- Sociedad Quimica y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reported today that shareholders at the Company's Annual Shareholders' Meeting held today approved a number of proposals, including distribution of a final gross dividend of Ch$204.13794 (approximately US$0.44459, based on the observed exchange rate as of April 30, 2008) per share. Shareholders also elected the members of the Board for the next three-year period. All seven of the Board members chosen by series A shareholders were re-elected: Wayne R. Brownlee, Hernan Buchi, Jose Maria Eyzaguirre, Julio Ponce, Wolf von Appen, Kendrick T. Wallace and Daniel Yarur. Series B shareholders elected a new Board member, Mr. Eduardo Novoa.
For further information about SQM's 2008 Annual Shareholders' Meeting and the resolutions adopted by shareholders at the meeting, please see the full release, available at http://www.sqm.com/ . 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 a 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: Statements in this press release concerning the Company's business outlook, future economic performances, 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. First Call Analyst:
CONTACT: Patricio Vargas, +011-56-2-425-2274, patricio.vargas@sqm.com, Web site: http://www.sqm.com/
2008-04-30 19:15:12 0349797 PRNEWSWIRE
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