TenCate sets exchange ratio for stock dividend
May 01 2015 - 2:01AM
With reference to
the dividend for the 2014 financial year, Royal Ten Cate announces
that the number of dividend rights of ordinary shares of € 2.50
nominal value giving right to one new ordinary share, has been set
at 42.
Based on the volume weighted average
share price of 23, 24, 27, 28, 29 and 30 April 2015 of € 21.3345,
1/42 share represents a value of approximately € 0.5080,
approximately 1.59% higher than the € 0.50 cash dividend.
Both the cash and the stock dividend
will be made payable from 6 May 2015.
For the new ordinary shares that will
be issued as a result of the stock dividend, a request for
admission to listing at Euronext Amsterdam will be submitted in
accordance with Article 5:4 sub (e) of the Act on Financial
Supervision (Wft).
The opening price of 4 May 2015 will be
used as reference price for the settlement of fractional
entitlements.
Royal Ten
Cate
Almelo, The
Netherlands, Friday, 1 May 2015
======
For further
information:
TenCate
corporate
Gert Steens, investor
relations
Tel. : +31 (0)546 544 977
E-mail : ir@tencate.com
Internet : www.tencate.com
Royal Ten
Cate (TenCate) is a multinational company which combines
material technology and chemical processes in the development and
production of functional materials with distinctive
characteristics. TenCate products are sold worldwide.
Systems and materials from TenCate come
under four areas of application: safety & protection, space
& aerospace; infrastructure and the environment; sport and
recreation. TenCate occupies leading positions in protective
fabrics, composites for space and aerospace, antiballistics,
geosynthetics and synthetic turf. TenCate is listed on Euronext
Amsterdam (AMX).
Press release as PDF
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX 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: Koninklijke Ten Cate NV via Globenewswire
HUG#1917918
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