Kaufman & Broad SA : Result of the option to receive in shares the dividend payment financial year 2016
31 Mai 2017 - 7:28PM
Result of the
option to receive in shares the dividend payment in respect of the
financial year ended November 30, 2016
Neuilly-sur-Seine, May 31, 2017
At the Annual General Meeting held
on May 11, 2017, Kaufman & Broad's S.A shareholders decided to
offer shareholders an option to receive in shares the dividend due
in respect of the financial year ended November 30, 2016.
The issue price of the new shares
has been set at €30.13 per share, representing 90% of the average
shares prices of Kaufman & Broad quoted on Euronext Paris
during the 20 trading days preceding the date of the Annual General
Meeting, less the net amount of the dividend of €1.85 per share and
rounded upward to the nearest euro cent.
The option period was opened from
May 16, 2017 to May 26, 2017. At the end of the option period,
shareholders having elected to receive the dividend payment in
shares represented 74% of Kaufman & Broad's S.A shares.
For the purposes of the dividend
payment in shares, 947,136 new shares will be issued, representing
4.55 % of the share capital and 4.57% of the voting rights of
Kaufman & Broad S.A on the basis of the share capital and the
voting rights as of May 31, 2017. The settlement and delivery of
the shares as well as their admission to trading on Euronext Paris
will occur on June 2, 2017. The shares will carry dividend rights
as from December 1st, 2016 and will be fully fungible with existing
shares already listed.
Following this transaction, and in
order to keep the number of shares on a fully diluted basis
unchanged, Kaufman & Broad will cancel 947,136 treasury
shares.
The total cash dividend to be paid
to the shareholders who did not elect the share option amounts to
€7.4 million and will be paid on June 2, 2017.
This press release
is available from the website www.kaufmanbroad.fr
Chief Financial
Officer
Bruno Coche
+33 1.41.43.44 73
Infos-invest@ketb.com |
Press Relations |
Camille Petit
Burson-Marsteller
+33 1.56 03 12 80
contact.presse@ketb.com |
About Kaufman
& Broad - For nearly 50 years,
Kaufman & Broad has been designing, developing,
building and selling single-family homes in communities,
apartments, and offices on behalf of third parties. Its size and
profitability, combined with its strong brand name, have made
Kaufman & Broad one of France's leading
developer-homebuilders.
Kaufman &
Broad's Registration Document, filed on March 9, 2016 with the
French financial markets authority (the "AMF") under number
D.16-0125 (the "Registration Document"), as well as the updated
Registration Document filed with the AMF under number D.16-0125-A01
are available on the AMF website (www.amf-france.org) and on the
Kaufman & Broad website (www.kaufmanbroad.fr). They contain a
detailed description of Kaufman & Broad's business, results and
outlook, as well as the associated risk factors. Kaufman &
Broad particularly refers to the risk factors described in Section
1.2 of the Registration Document, as amended in the updated
Registration Document. The materialization of one or more of these
risks could have a significant negative impact on Kaufman &
Broad's business, assets, financial position, results and outlook,
as well as on the trading price of Kaufman & Broad
shares.
This announcement
does not, and shall not, in any circumstances constitute a public
offering, nor an offer to sell or to subscribe, nor a solicitation
to offer to purchase or to subscribe securities in any
country.
Paiement div 2016
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Kaufman & Broad SA via Globenewswire
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