CHARGEURS (EPA:CRI) - Chargeurs - Final Dividend Reinvestment Procedure

Transparency directive : regulatory news

28/04/2020 18:13

PRESS RELEASE
Paris, April 28, 2020

                    Final Dividend Reinvestment Procedure

* Payment of the final dividend of 0.20 EUR per share on May 26, 2020
* Option to reinvest in new shares at an issue price
* Reinvestment period runs from May 6 to May 19, 2020

At the Annual General Meeting on April 28, 2020, the Company's shareholders
approved the payment of a EUR0.40 per-share dividend for 2019 and decided to
offer the option of reinvesting the final dividend for 2019 and any interim
dividend(s) for 2020 in new Chargeurs shares.

A EUR0.20 per-share interim dividend was paid on October 16, 2019 and the final
EUR0.20 per share will be paid (in cash or shares) on May 26, 2020.

Final dividend reinvestment procedure, with the new shares immediately carrying
dividend rights

At the 2020 Annual General Meeting a resolution was passed to once again give
shareholders the option of reinvesting their final dividend for 2019
(corresponding to EUR0.20 per share), with the new shares offered at a discount
to the market price and immediately carrying dividend rights. Shareholders who
opt to reinvest their final dividend must notify their bank or broker between
May 6, 2020 (the start date of the exercise period for the dividend
reinvestment option) and May 19, 2020.

Shareholders will receive a reinvestment form by post describing the procedure
and indicating the number of shares their dividend amount entitles them to
purchase. The form will be sent either by their bank or broker, if they hold
their shares in bearer form or have registered them with said bank or broker,
or by BNP Paribas Securities Services, if their shares are registered directly
with Chargeurs.

Once completed and signed, the form must be returned to the bank or broker in
charge of managing their shares before May 15, 2020.

If the amount of the reinvestable dividend does not correspond to a whole
number of shares, the shareholder concerned will receive the nearest lower
whole number of shares and the difference in cash.

The new ordinary Chargeurs shares issued for the purpose of the final dividend
reinvestment option will be delivered on May 26, 2020. They will carry dividend
rights immediately and will rank pari passu with the Company's existing shares
as from their issue date.

Up to 354,883 shares may be issued in connection with the final dividend
reinvestment option, representing a maximum 1.5% of Chargeurs' share capital as
of March 31, 2020.

Issue price of the new shares

In accordance with article L. 232-19 of the French Commercial Code, the issue
price of the new shares delivered as payment for the final dividend will be set
at 90% of the average of the opening prices quoted for Chargeurs' shares during
the twenty trading days preceding the date of the Annual General Meeting, less
the net amount of the final per-share dividend and rounded up to the nearest
euro cent, i.e. EUR12.77 per share after applying the 10% discount.

Procedure for receiving the final dividend in cash

Shareholders who do not exercise the dividend reinvestment option by May 19,
2020 will be paid their final dividend in cash on May 26, 2020.

Timeline for final dividend payment:

* Ex-dividend date                                          May 4, 2020
* Start of reinvestment option period                       May 6, 2020
* End of reinvestment  option period                       May 19, 2020
* Announcement of reinvestment results                     May 22, 2020
* Delivery of shares and payment of cash final dividend    May 26, 2020

The new shares issued as payment of the final dividend will rank pari passu
with Chargeurs' existing shares from
the following date:

* Shares issued as payment for the final dividend          May 26, 2020

Financial calendar

Thursday, September 10, 2020

First-half 2020 results

ABOUT CHARGEURS

Chargeurs offers its customers integrated differentiation solutions to meet the
new aspirations of consumers in terms of quality, innovation, environmental
sustainability and experience. Number one in the world in all of its
businesses, the Group, whose marketing signature is High Emotion Technology(r),
delivers its expertise in three key sectors with very high potential for value
creation: protection for premium materials, fashion and luxury and visitor
experience.

The Group has close to 2,200 employees in five continents, who serve a
diversified customer base spanning more than 90 countries.

In 2019, revenue totaled EUR626.2 million, of which more than 90% was generated
outside France.

Group Financial Communication // +33 1 47 04 13 40 // comfin@chargeurs.com
www.chargeurs.com

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