Rallye: Dividend Reinvestment Option in Shares Results
June 07 2017 - 11:45AM
Business Wire
Regulatory News:
Rallye (Paris:RAL):
A dividend of €1.40 per share was decided at the Annual
Shareholders' Meeting of May 10, 2017. Shareholders were given the
option to be paid in shares.
Subscription price was €16.67, thus 90% of the average opening
share price during the twenty trading days preceding the 10 of May
less the dividend.
77.8% of the rights have been exercised in favour of the payment
in shares.
The result of the dividend reinvestment option allows Rallye to
increase its shareholders’ equity by €53.1 million with the
issuance of 3.182.997 new shares (6.5% of its share capital), which
will be delivered and admitted for trading on Euronext Paris on
June 9, 2017.
These new shares will be immediately assimilated with existing
shares.
The cash dividend, which amounts to a total of €15.3 million,
will be paid on June 9, 2017.
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version on businesswire.com: http://www.businesswire.com/news/home/20170607005875/en/
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