BERWYN, Pa .– (BUSINESS WIRE) – Jan. June 2021–
Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber, announced today that its board of directors has approved a quarterly dividend of $ 0.08 per share. The dividend is a cash distribution payable on July 22, 2021 to the shareholders of record at the close of business on July 8, 2021.
Trinseo is a public limited company incorporated under Luxembourg law. Under current Luxembourg tax law, distributions to shareholders through the repayment of equity or premium are not subject to Luxembourg withholding tax. Distributions from Trinseo before 2020 were capital repayments or premium repayments and were therefore not subject to Luxembourg withholding tax.
This quarterly distribution counts as dividend on the common shares and is subject to withholding tax at 15% under Luxembourg law. Trinseo will deduct this tax from the dividends paid to our shareholders and transfer this tax to the Luxembourg tax authorities.
Unitholders may benefit from certain exemptions or reductions from withholding tax based on Luxembourg tax legislation or applicable income tax treaties. Shareholders should consult their own tax advisor in order to obtain possible refunds from the Luxembourg tax authorities. The RCSL number of Trinseo S.A. is B153549.
The above discussion does not cover all tax matters that may and may not be relevant to any particular Shareholder. Shareholders are strongly encouraged to consult their own tax advisor on the tax consequences of Luxembourg withholding taxes, the availability of exemptions or benefits under tax treaties, or other federal, state, local and foreign tax considerations in relation to dividends from Trinseo or the acquisition, ownership and disposition of our common stock .
Trinseo (NYSE: TSE) is a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber with an emphasis on delivering innovative, sustainable and value-adding products that are essential to our daily lives. Trinseo is committed to creating a positive impact on society by partnering with like-minded stakeholders and supporting our customers' sustainability goals in a variety of end markets including automotive, consumer electronics, home appliances, medical equipment, packaging, shoes, carpet, Paper and cardboard, building and construction, and tires. Trinseo had net sales of approximately $ 3.0 billion in 2020. With the takeover of the PMMA business in May 2021, the company now has 24 production sites worldwide and around 3,500 employees. More information is available at: www.trinseo.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including, without limitation, statements regarding plans, goals, objectives, projections, strategies, future events or performance, as well as underlying assumptions and other statements that are not statements of historical fact or guarantees or representations of future performance. Forward-looking statements can be made through the use of words such as "expect", "foresee", "intend", "forecast", "look out", "will", "may", "could", "see", "tend", " assume ”,“ potentially ”,“ likely ”,“ aim ”,“ plan ”,“ consider ”,“ seek ”,“ try ”,“ should ”,“ could ”,“ would ”or similar expressions have a meaning. Forward-looking statements reflect management's belief in the information currently available and are based on our current expectations and assumptions about our business, the economy and other future conditions. Because forward-looking statements address the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. Factors that could cause such a difference include, but are not limited to, the factors set out in our Annual Report on Form 10-K under Part I, Item 1A – “Risk Factors” and elsewhere in our other reports, filings, and furnishings with the US Securities and Exchange Commission from time to time. Due to these or other factors, our actual results could differ materially from those anticipated in the forward-looking statements. We therefore caution you not to rely on these forward-looking statements. The forward-looking statements contained in this press release speak only as of the date of this release. We undertake no obligation to publicly update or revise any forward-looking statements as a result of new information, future events or for any other reason, except as required by law.
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Tel: +1 610-240-3221
KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: CHEMICALS / PLASTICS OTHER MANUFACTURING
Copyright Business Wire 2021.
PUB: 6/17/2021 4:35 p.m. / DISC: 6/17/2021 4:36 p.m.
Copyright Business Wire 2021.