DIVIDEND VOTED BY ALTAREA 2019 ANNUAL GENERAL MEETING: SUCCESSFUL FOR
PAYMENT IN SHARES
* Subscription rate of 92.6%
* Reinforcement of equity: EUR 93.8 million raised
The option of payment in shares of the dividend voted by the 2019 annual
general meeting met a great success. It attracted a 92.6% subscription rate and
will result in the creation of 599.267 new shares.
These 599,267 new shares will be created, delivered and listed for trading on 4
July 2019. Dividends taken in cash total EUR108.8 million and will be paid to
shareholders the same day.
Altarea Cogedim will therefore increase its share capital by EUR93.8 million.
Alain Taravella, Chairman and Founder of Altarea Cogedim said: "This year, our
shareholders could take their dividend (EUR12.75 per share) either half in cash
and half in shares or all in shares. 92% gave us a vote of confidence once
again by opting to take their dividends in shares. This excellent subscription
ratio sends a strong message from our shareholders, confirming their support
for our strategy and growth prospects".
ABOUT ALTAREA COGEDIM - FR0000033219 - ALTA
Altarea Cogedim is the leading property developer in France. As both a
developer and an investor, the Group operates in the three main property
markets (Retail, Residential and Offices), leading major mixed-use urban
renewal projects in France. The Group has the required expertise in each sector
to design, develop, market and manage made-to-measure property products. In
Retail, Altarea Cogedim manages standing assets of EUR4.7 billion. Listed in
Compartment A of Euronext Paris, Altarea has a market capitalisation of EUR3.0
billion at 31 March 2018.