- Payment of the EUR0.20 per-share interim dividend on October 16, 2019
- Option to reinvest in new shares at an issue price of EUR14.99 per share
after applying a 5% discount, with the new shares immediately carrying
- Reinvestment period runs from September 20, 2019 to October 10, 2019
At its meeting on September 11, 2019, having noted that the requisite legal
conditions provided for in article L. 232-12, para. 2 of the French Commercial
Code had been met, and that the Company's Statutory Auditors had issued a
favorable opinion, the Board of Directors decided to authorize the payment of
an interim dividend of EUR0.20 per share for 2019. In accordance with the fifth
resolution of the Annual General Meeting of May 6, 2019, the interim dividend
may be paid either in cash or new shares at the discretion of the
This EUR0.20 per-share interim dividend will be paid on October 16, 2019.
Shareholders who opt to reinvest their interim dividend must notify their bank
or broker between September 20, 2019 (the start date of the exercise period for
the reinvestment option) and October 10, 2019 inclusive. Shareholders who do
not exercise this option by October 10 will be paid their interim dividend
entirely in cash.
Shareholders will receive a reinvestment form by post describing the procedure
and indicating the number of shares their dividend amount entitles them to
purchase. The form will be sent either by their bank or broker, if they hold
their shares in bearer form or have registered them with said bank or broker,
or by BNP Paribas Securities Services if their shares are registered with
Once completed and signed, the form must be returned to the bank or broker in
charge of managing their shares before October 10, 2019. Holders of registered
shares recorded directly in the Company's share register must return their
forms by October 8, 2019. If the amount of the reinvestable dividend does not
correspond to a whole number of shares, the shareholder concerned will receive
the nearest lower whole number of shares and the difference in cash.
The new ordinary Chargeurs shares issued for the purpose of the interim
dividend reinvestment option will be delivered on October 16, 2019. They will
carry dividend rights immediately and will rank pari passu with the Company's
existing shares as from their issue on October 16, 2019.
Shareholders who prefer not to reinvest will be paid their interim dividend in
cash on October 16, 2019.
Up to 308 475 shares may be issued in connection with the interim dividend
reinvestment option, representing a maximum 1,3% of Chargeurs' share capital as
of August 31, 2019.
Issue price of the new shares
In accordance with article L. 232-19 of the French Commercial Code and the
decision of the Board of Directors' on September 11, 2019, the issue price of
the new shares delivered as payment for the interim dividend will be set at 95%
of the average of the opening prices quoted for Chargeurs' shares during the
twenty trading days preceding the date of the Board Meeting, less the amount of
the interim per-share dividend and rounded up to the nearest euro cent, i.e.
EUR14.99 per share after applying the 5% discount.
The payment timeline for the interim dividend is:
Ex-dividend date September 18, 2019
Start of reinvestment period September 20, 2019
End of reinvestment option period October 10, 2019
Announcement of no. of options exercised October 14, 2019
Delivery of shares and payment of cash
interim dividend October 16, 2019
Thursday, November 14, 2019
(after the close of trading) Third-quarter 2019 financial information
Chargeurs is a global manufacturing and services group with leading positions
in four segments: temporary surface protection, garment interlinings, technical
substrates and combed wool.
It has over 2,000 employees based in 45 countries on five continents, who serve
a diversified customer base spanning more than 90 countries.
In 2018, revenue totaled EUR573.3 million, of which more than 90% was generated