CHARGEURS (EPA:CRI) - CHARGEURS - Dividend Reinvestment Results
Transparency directive : regulatory news
28/04/2021 17:45
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PRESS RELEASE
Paris, April 28, 2021
Dividend Reinvestment Results
- 47,62% of rights exercised to reinvest the final 2020 dividend in Chargeurs
shares, one of the best results to date, demonstrating the strengthened
appeal of the Chargeurs? share;
- 600,005 new shares to be issued on April 30, 2021, carrying immediate
dividend rights;
- EUR12,560,542.13: total amount of the cash final dividend that will be paid
on April 30, 2021.
At the Annual General Meeting on April 8, 2021, Chargeurs' shareholders
approved the payment of a EUR1.32 per- share dividend for 2020, including an
interim dividend of EUR0.28 per share that was paid on October 7, 2020. The
2021 AGM also passed a resolution to once again offer shareholders the option
of reinvesting their final dividend for 2020 (corresponding to EUR1.04 per
share) in new Chargeurs shares, offered at a 10% discount to the market price.
See Chargeurs' press release dated April 8, 2021 for further details of the
terms and conditions of this dividend reinvestment option.
After applying the 10% discount approved by shareholders, the issue price of
each new share to be delivered as payment for the final dividend was set at
EUR19.03, representing 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 (April 8, 2021), less the amount of the final per-share
dividend and rounded up to the nearest euro cent. The exercise period for the
reinvestment option ran from April 15 to May 26, 2021.
At the close of the exercise period, 600,005 new ordinary Chargeurs shares were
created, representing 2.5% of the Company's capital and 2.4% of the gross total
of voting rights, based on Chargeurs' capital and voting rights at March 31,
2021. The shares will be settled-delivered and listed on Euronext Paris as of
April 30, 2021. The new shares will carry immediate rights to future dividends
and will rank pari passu with the Company's existing ordinary shares as from
their issue date.
The total amount of the final dividend payable in cash is EUR12,560,542.13.
Consequently, on April 30, 2021, Chargeurs' share capital will be raised to
EUR3,971,877.92, divided into 24,824,237 ordinary shares with a par value of
EUR0.16 each, all fully paid up and in the same class.
Timeline for final dividend payment:
* Delivery of shares and payment of cash final dividend April 30, 2021
* Shares issued as payment for the final dividend April 30, 2021
2021 Financial Calendar
Tuesday, May 4, 2021
(before market) First-quarter 2021 financial information
Thursday, September 9, 2021
(before market) Half-year 2021 results
Wednesday, November 10, 2021
(before market) Third-quarter 2021 financial information
ABOUT CHARGEURS
CHARGEURS is a world leader of niche technologies and services offering
integrated, high value-added solutions to its B2B and B2C customers. Active in
90 countries with nearly 2,500 employees, the Group, whose global signature is
High Emotion Technology(r), develops its manufacturing and technological
expertise across a range of sectors including premium materials protection,
fashion and luxury goods, museum services and healthcare.
As the Group begins a new chapter in its history of nearly 150 years, the Leap
Forward 2025 strategic plan is aimed at seizing market opportunities linked to
developments in production, distribution and consumption methods and widespread
demand for sustainable manufacturing solutions. Recognized for its highly
responsive, agile manufacturing and global footprint, Chargeurs' presence in
many areas of expertise supports its profitable and sustainable growth. In
2020, the Group generated revenue of EUR822m.
Group Financial Communication // +33 1 47 04 13 40 // comfin@chargeurs.com
www.chargeurs.com