56.2% of rights exercised in favor of payment of the balance of the dividend for 2016 in stock
Download the free guide
Boost your gains
– 243 356 new shares issued as of may 30, 2017, bearing dividend from January 1, 2017
– 3 522 302,00 : total amount cash dividend will be paid on may 30, 2017
“The introduction, for the first time in the history of the Chargers, the option of payment of the balance of the dividend in shares is a success. This innovation, by the commitment that she was able to meet him in the shareholders of the Group, reflects their confidence in the ability of the Group to pursue its strategy of long-term growth through the implementation of its operational excellence model, Chargers Business Standards. ” declared Michaël Fribourg, Chairman and ceo. The Mixed General Meeting of shareholders held on 20 April 2017, has approved the payment of a dividend in respect of fiscal year 2016 in the amount of 0.55 per share, an increase of 83 %, including the interim dividend of the fiscal year 2016 in the amount of 0.20 per share, paid in cash on September 21, 2016. The same assembly also overwhelmingly voted in favour of the possibility for each shareholder to opt for a payment in new shares with a discount of 10%, of the balance of the unpaid dividend on September 21, 2016, which is a balance of 0.35 per share. The terms and conditions of this option of payment of the balance of the dividend in shares have been more extensively detailed in the press release of 24 April 2017.
After application of the discount of 10% to be decided by the Mixed General Meeting of shareholders, the price of the new shares delivered in payment of the balance of the dividend was set at 18,39 , an amount equal to 90% of the average of the first prices quoted in the twenty stock market sessions preceding the day of the annual General Meeting of shareholders of April 20, 2017, reduced by the net amount of the balance of the dividend remaining to be distributed per share and rounded off to the euro immediately above. The exercise period of the option, open the may 3, 2017, which closed on may 22, 2017. At the close of the period for the exercise of the option, 243 356 new ordinary shares Loaders have been created, representing 1.1% of the share capital and 1.1% of net voting rights on the basis of the share capital and voting rights as at 28 April 2017. Their settlement and their admission on the Euronext Paris market will be effective as of may 30, 2017. These new shares shall rank for dividend from January 1, 2017, and will be immediately assimilated to the ordinary shares comprising the share capital of Chargers.
At the end of this operation, the share capital of Chargers at the date of 30 may 2017 will be increased to 3 713 520,00 , divided into 23 209 500 ordinary shares of eur 0.16 nominal value each, fully paid up and all of the same class. The total balance of the dividend for which the payment will be in cash amounted to 3, 522 302,00 and will be paid on may 30, 2017.
Download the free guide
Boost your gains
