BERWYN, PA .– (BUSINESS WIRE) – December 16, 2020–
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 to shareholders of record on January 21, 2021 at the close of business on January 7, 2021.
Tax considerations
Trinseo is a limited liability company under Luxembourg law. Under current Luxembourg tax law, distributions to shareholders on the repayment of equity or share bonuses are not subject to Luxembourg withholding tax. Distributions made by Trinseo before 2020 were repayments of equity or share bonuses and were therefore not subject to Luxembourg withholding tax.
This quarterly distribution counts as dividend on the common stock and is subject to withholding tax at 15% under Luxembourg law. Trinseo will deduct this tax from the dividends paid to our shareholders and pass this tax on to the Luxembourg tax authorities.
Certain withholding tax exemptions or reductions may apply to Shareholders based on Luxembourg tax legislation or applicable income tax treaties. Shareholders should consult their own tax advisers on the possibility of claiming available refunds with the Luxembourg tax authorities. Trinseo SA’s RCSL number is B153549.
The above discussion does not cover all of the tax issues that may and may not be relevant to a particular shareholder. Shareholders are strongly encouraged to consult their own tax advisor on the tax consequences of Luxembourg withholding taxes, the availability of tax exemptions or benefits under tax treaties, or other US federal, state, local and foreign tax considerations in relation to von Trinseo Consult any dividends issued or the US government to acquire, own, or dispose of our common stock.
About Trinseo
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. By partnering with like-minded stakeholders, Trinseo aims to make a positive impact on society by supporting our customers’ sustainability goals in a variety of end markets including automotive, consumer electronics, home appliances, medical devices, packaging, shoes and carpets, paper and cardboard, construction and construction as well as tires. Trinseo achieved net sales of around 3.8 billion US dollars in 2019 with 2,700 employees worldwide. More information is available at: www.trinseo.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Words like “expect”, “estimate”, “project”, “budget”, “forecast”, “anticipate”, “intend”, “plan”, “can”, “will”, “could”, “should”, ” believe, “forecast,” “potentially,” “continue” and similar expressions are intended to identify such forward-looking statements. Forward-looking statements in this press release may include, without limitation, projections of growth, revenue, business, acquisitions, financing, the effects of COVID-19, and other matters that involve known and unknown risks, uncertainties and other factors that cause results, levels of activity , Accomplishments or achievements differ materially from those expressed or implied in this press release. Based on the foregoing considerations, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company assumes no obligation to publicly update or revise any forward-looking statements as a result of new information, future events or for any other reason.
View source version on businesswire.com: http://www.businesswire.com/news/home/20201216005607/de/
CONTACT: Trinseo
Andy Myers
Tel .: +1 610-240-3221
Email: [email protected]
KEYWORD: PENNSYLVANIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PACKAGING OF ENGINEERING CHEMICALS / PLASTICS MANUFACTURE OF OTHER MANUFACTURING TEXTILES
SOURCE: Trinseo
Copyright Business Wire 2020.
PUB: 12/16/2020 1:00 p.m. / DISC: 12/16/2020 1:01 p.m.
http://www.businesswire.com/news/home/20201216005607/de
Copyright Business Wire 2020.