BONDUELLE - Option for the dividend to be paid in cash or in shares
08 Décembre 2017 - 07:01AM
BONDUELLEA French SCA (Partnership Limited
by Shares) with a capital of 56,000,000 EurosHead Office: La
Woestyne, 59173 Renescure, France.Registered under number: 447 250
044 (Dunkerque Commercial and Companies Register)
COMBINED SHAREHOLDER'S MEETINGOF THE
7th OF DECEMBER 2017
Villeneuve d'Ascq, on the 8th of December, 2017
Press Release
Option for the dividend to be paid in cash or
in shares
The Combined Shareholders' Meeting held on
December 7th, 2017, by approving 3rd and 4th resolutions, decided
the payment of a dividend of €0.45 per share for the fiscal year
ended June 30th, 2017 and offered to each shareholder for the total
amount of the dividend, net of any compulsory levies, an option to
be paid in cash or in shares.
The price of these shares to be issued in
payment of the dividend was set at €34.45, i.e. equal to 90% of the
average of the trading prices of the twenty stock exchange trading
days preceding the date of the Combined Shareholders' Meeting, less
the net amount of the dividend, rounded to two decimal places after
the decimal point to the nearest hundredth, in accordance with the
provisions of Article L. 232-19 of the French Commercial Code.
The new shares will have a nominal value of
€1.75, will bear rights as from July 1st, 2017 and will have the
same characteristics and will confer the same rights as the former
actions having given the right to the dividend.
They will be subject to a request for admission
to trading on Euronext in Paris under the same code as the existing
shares.
The shareholders who would like to opt for the
payment of the dividend in shares shall have a period between
13/12/2017 (record date) and the 27/12/2017 inclusive, to make a
request to the financial intermediaries authorized to pay said
dividend or for the shareholders registered in the pure name
specific accounts held by the Company, to its representative
(Société Générale Securities Services). Consequently, the
shareholders who would not have opted for the payment of the
dividend in shares by the end of the option period will only
receive the dividend in cash.
According to the decision of the Combined
Shareholder's Meeting, shareholders can exercise their option on
all or part of the said dividend.
If the amount of the net dividend for which the
shareholder exercised the option does not correspond to a whole
number of shares, he can obtain the lower whole number of shares
completed by a balancing payment in cash at the date of exercise of
the option.
For shareholders who will opt for a payment in
cash, the amount due to them will be paid on January 9th, 2018. The
delivery of the new shares for the shareholders who will opt for a
payment of the dividend in shares will take place on the day of the
payment of the dividend in cash, i.e. on January 9th, 2018.
This document is a free translation into English
and has no other value than an informative one. Should there be any
difference between the French and the English version, only the
French-language version shall be deemed authentic and considered as
expressing the exact information published by Bonduelle.
Attachments:
http://www.globenewswire.com/NewsRoom/AttachmentNg/d54b33cc-5031-4c87-b2f5-8a394bf94d2a
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