- 43.56% of rights exercised to reinvest the final 2019 dividend in Chargeurs
- 154 736 new shares to be issued on May 26, 2020, carrying immediate dividend
- EUR2,560,227.48: total amount of the cash final dividend that will be paid
on May 26, 2020
At the Annual General Meeting on April 28, 2019, Chargeurs' shareholders
approved the payment of a EUR0.40 per-share dividend for 2019, including an
interim dividend of EUR0.20 per share that was paid on October 16, 2019. The
2020 AGM also passed a resolution to once again offer shareholders the option
of reinvesting their final dividend for 2019 (corresponding to EUR0.20 per
share) in new Chargeurs shares, offered at a 10% discount to the market price.
See Chargeurs' press release dated April 28, 2020 for further details of the
terms and conditions of this dividend reinvestment option.
After applying the 10% discount approved by shareholders, the issue price of
each new share to be delivered as payment for the final dividend was set at
EUR12.77, representing 90% of the average of the opening prices quoted for
Chargeurs' shares during the twenty trading days preceding the date of the
Annual General Meeting (April 28, 2020), less the amount of the final per-share
dividend and rounded up to the nearest euro cent. The exercise period for the
reinvestment option ran from May 6 to May 19, 2020.
At the close of the exercise period, 154 736 new ordinary Chargeurs shares were
created, representing 0.65% of the Company's capital and 0.62% of the gross
total of voting rights, based on Chargeurs' capital and voting rights at April
30, 2020. The shares will be settled-delivered and listed on Euronext Paris as
of May 26, 2020. The new shares will carry immediate rights to future dividends
and will rank pari passu with the Company's existing ordinary shares as from
their issue date.
Consequently, on May 26, 2020, Chargeurs' share capital will be raised to
EUR3,840,540.32, divided into 24,003,377 ordinary shares with a par value of
EUR0.16 each, all fully paid up and in the same class.
The total amount of the final dividend payable in cash is EUR2,560,227.48,
which will be paid on May 26, 2020.
Timeline for final dividend payment:
* Delivery of shares and payment of cash final dividend May 26, 2020
* Shares issued as payment for the final dividend May 26, 2020
Thursday, September 10, 2020 First-half 2020 results
Chargeurs offers its customers integrated differentiation solutions to meet the
new aspirations of consumers in terms of quality, innovation, environmental
sustainability and experience. Number one in the world in all of its
businesses, the Group, whose marketing signature is High Emotion Technology(r),
delivers its expertise in three key sectors with very high potential for value
creation: protection for premium materials, fashion and luxury and visitor
The Group has close to 2,200 employees in five continents, who serve a
diversified customer base spanning more than 90 countries.
In 2019, revenue totaled EUR626.2 million, of which more than 90% was generated