B&M European Value Retail S.A. Special Dividend (3498F)
March 06 2020 - 1:02PM
UK Regulatory
TIDMBME
RNS Number : 3498F
B&M European Value Retail S.A.
06 March 2020
06 March 2020
B&M European Value Retail S.A.
Sale & Lease-back of Bedford DC
and Special Dividend
B&M European Value Retail S.A. ("the Company") announces
that, following a lease-back to B&M Retail Limited of the
distribution centre in Bedford (the "Property"), the Company has
sold the entire issued share capital of Bedford DC Investment
Limited, which owns the freehold of the Property, to WestInvest
Gesellschaft für Investmentfonds mbH, which is part of the Deka
Group of companies. The B&M Group has received a total cash
consideration of GBP149.5m for the transaction.
The Board has declared a Special Dividend of 15.0p per share(1),
which will be paid on 17 April 2020 to shareholders on the register
of the Company as at close of business on 20 March 2020.
This announcement includes inside information which is disclosed
in accordance with the Market Abuse Regulation.
(1) Dividends are stated as gross amounts before deduction of
Luxembourg withholding tax which is currently 15%
Enquiries
B&M European Value Retail S.A.
For further information please contact +44 (0) 151 728 5400 ext
5766
Simon Arora, Chief Executive
Paul McDonald, Chief Financial Officer
Steve Webb, Investor Relations Director
Investor.relations@bandmretail.com
Media
For media please contact +44 (0) 207 379 5151
Maitland
Daniel Yea
bmstores-maitland@maitland.co.uk
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END
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March 06, 2020 13:02 ET (18:02 GMT)
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