Report of the Ordinary and Extraordinary General Shareholders’ Meeting - General Meeting approves gross dividend of EUR 2.45 per share

26/06/2013 - 17:45 | Financial

Gimv today held its General Shareholders’ Meeting (AGM). 35,36% of the shares were represented (8.473.689 shares). The AGM approved the gross dividend (coupon no. 20) of EUR 2.45 per share (EUR 1.8375 net). Moreover, the AGM accepted the optional dividend and its terms and conditions.

Gimv is paying a gross dividend of EUR 2.45 per share (EUR 1.8375 net) in respect of the financial year 2012-2013

Gimv realised a net profit (part of group) of EUR 32.7 million in the financial year 2012-2013. The AGM accepted today the Board of Directors’ proposal to pay a gross dividend of EUR 2.45 (EUR 1.8375 net) per share in the form of an optional dividend. This corresponds to a gross dividend yield of 6.3% on the closing price of the Gimv-share at the end of the 2012-2013 financial year.

As from 3 July 2013, shareholders will have the option to contribute their dividend to Gimv’s capital under the following conditions:

Contribution for net dividends: EUR 1.8375 per No. 20 coupon. Contribution ratio: 18 No. 20 coupons per new share. Issue price per new share: EUR 33.075, which means a discount of 8,0% compared to the closing stock price on 25 June 2013 (corrected for the gross dividend). Contribution period: from 3 to 26 July 2013, 4pm. Issuance of the new shares: 2 August 2013. Participation in the results: for the entire financial year 2013-2014 started on 1 April 2013. Shareholders who fail to communicate their choice will automatically receive their net dividend in cash as from 2 August 2012. Transaction centraliser: KBC Securities.

The financial statements for the 2012-2013 financial year have been approved. The AGM also granted discharge to the directors and to the statutory auditor in respect of the exercise of their duties under their term of office that ended on 31 March 2013. The AGM also approved the re-appointment of the following directors: Mr. Koen Dejonckheere (until 2017), Mr. Emile van der Burg (2014), Mr. Eric Spiessens (until 2014) and Mr. Dirk Boogmans (until 2014). In addition, the AGM approved the re-appointment of Ernst & Young as auditor of the company for a period of three years.

Extraordinary general shareholders’ meeting (EGM)
As the quorum required for the EGM was not reached on 22 May 2013, the EGM also took place today. In this EGM the existing authorisation of the board of directors regarding the authorised capital was renewed and a new mandate was given to acquire or dispose own shares within a certain price range.

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