Bonduelle Combined Shareholder's Meeting of the 6th of December 2018 - Option for payment of the dividend in cash or in shares
07 Décembre 2018 - 7:00AM
BONDUELLE
A French SCA (Partnership Limited by Shares) with a capital of 56
491 956, 50 Euros
Head Office: La Woestyne, 59173 Renescure, France.
Registered under number: 447 250 044 (Dunkerque Commercial and
Companies Register)
Villeneuve d'Ascq, on the 7th of
December, 2018
Press
Release
Bonduelle Combined
Shareholder's Meeting of the 6th of December 2018 - Option for
payment of the dividend in cash or in shares
The Combined Shareholder's Meeting
of Bonduelle was held yesterday in Villeneuve d'Ascq and all the
resolutions submitted to the vote have been approved.
On this occasion, the parent
company and consolidated financial statements for the fiscal year
ended June 30, 2018 were approved as well as the payment of a
dividend of € 0.50 per share with an option for payment of the
dividend in cash or in shares under the conditions specified
below.
In addition, the Shareholder's
Meeting, on the one hand, renewed the mandates of Mr. Martin
Ducroquet, Mrs. Marie-Ange Verdickt, Mrs. Isabelle Danjou and
ratified the provisional appointment of Mr. Jean-Pierre Vannier and
on the other hand, renewed the mandates of the Statutory
Auditors.
Option for the
dividend to be paid in cash or in shares
The Combined Shareholders' Meeting
held on December 6th, 2018, by
approving 3rd and
4th resolutions,
decided the payment of a dividend of €0.50 per share for the fiscal
year ended June 30th, 2018 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 € 28,27, 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 be ordinary
shares with a nominal value of €1.75, will bear rights as from July
1st, 2018, will
be subject to all statutory provisions 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 14/12/2018 (record date) and the 28/12/2018 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, 2019. 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, 2019.
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.
Press Release - Bonduelle Combined
Shareholder's Meeting -
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: BONDUELLE via Globenewswire
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