Kaufman & Broad SA : RESULT OF THE OPTION TO RECEIVE IN SHARES THE DIVIDEND PAYMENT
24 Mai 2018 - 05:47PM
Press release
PARIS, May 25th, 2018
Result of the option to receive in
shares
the dividend payment
in respect of the financial year
ended November 30, 2017
At the Annual General Meeting held
on May 3, 2017, Kaufman & Broad's S.A shareholders decided to
offer shareholders an option to receive in shares all or part of
the dividend due in respect of the financial year ended November
30, 2017.
The issue price of the new shares
has been set at €37,60 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 €2.10 per share and
rounded upward to the nearest euro cent.
The option period was opened from
May 9, 2018 to May 22, 2018 included. At the end of the option
period, shareholders having elected to receive the dividend payment
in shares represented 67.3% of Kaufman & Broad's
S.A shares.
For the purposes of the dividend
payment in shares, 790,539 new shares will be issued, representing
3.75% of the share capital and 3.60% of the voting rights of
Kaufman & Broad S.A on the basis of the share capital and the
voting rights as of April 30, 2018. The settlement and delivery of
the shares as well as their admission to trading on Euronext Paris
will occur on May 30th, 2018.
The total cash dividend to be paid
to the shareholders who did not elect the share option or elected
for a partial payment in shares amounts to €13.9 million and will
be paid on May 30th, 2018.
This press release
is available on the www.kaufmanbroad.fr website
Contacts
Chief Financial
Officer
Bruno Coche
+33 (1) 41 43 44 73
Infos-invest@ketb.com
Media relations:
Hopscotch Capital: Violaine Danet
+33 (1) 58 65 00 77 / k&b@hopscotchcapital.fr
Kaufman & Broad: Emmeline
Cacitti
+33 (6) 72 42 66 24 / ecacitti@ketb.com
About Kaufman
& Broad - Kaufman & Broad has been designing,
building, and selling single-family homes in communities,
apartments, and offices on behalf of third parties for 50 years.
Kaufman & Broad is one of the leading French
developers-builders due to the combination of its size and
profitability, and the strength of its brand.
The Kaufman &
Broad Registration Document was filed with the French Financial
Markets Authority ("AMF") under No. D.18 0226 on March
29, 2018. It is available on the AMF
(www.amf-france.org) and Kaufman & Broad
(www.kaufmanbroad.fr) websites. It contains a
detailed description of Kaufman & Broad's business activities,
results, and outlook, as well as the associated risk factors.
Kaufman & Broad specifically draws attention to the risk
factors set out in Chapter 1.2 of the Registration Document. The
occurrence of one or more of these risks might have a material
adverse impact on the Kaufman & Broad group's business
activities, net assets, financial position, results, and outlook,
as well as on the price of Kaufman & Broad's
shares.
This press release does not amount to, and cannot
be construed as amounting to a public offering, a sale offer or a
subscription offer, or as intended to seek a purchase or
subscription order in any country.
Result of the option to receive in
shares the dividend payment
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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