Gimv - Optional dividend - Contribution of net dividend for the subscription to one new share at EUR 33.075 or 18 No.21 coupons

25/06/2014 - 07:00 | Financial

Subject to approval of today’s General Meeting of Shareholders of Gimv NV the gross dividend for financial year 2013/2014 is set at EUR 2.45 per share. This will be offered to the shareholders as optional dividend. A shareholder can subscribe to one new share in exchange for 18 coupons, or an issue price of EUR 33.075. Gimv's reference shareholder, VPM, which holds the Flemish government's interest in Gimv NV, has announced, just as last year, that it intends to contribute 50% of the No. 21 coupons in their possession to Gimv's capital. The management committee members are committed to fully subscribe their stake to new shares. This means that 13.6% of shares for which optional dividends are available will already be subscribed.

Shareholders who hold (a multiple of) 18 No. 21 coupons on 1 July 2014 can contribute them to Gimv’s capital by subscribing to one or several new Gimv shares. It is impossible to make an extra contribution in cash for the number of missing coupons. No. 21 coupons (ISIN BE6267364972) are not traded separately on Euronext Brussels.

As from 2 July 2014, shareholders will have the option to contribute their net dividend to Gimv's capital under the following conditions:

  • Contribution for net dividends: EUR 1.8375 per No. 21 coupon.
  • Contribution ratio: 18 No. 21 coupons per new share
  • Issue price per new share: EUR 33.075, which means a discount of 8,8% compared to the closing stock price on 24 June 2014 (corrected for the gross dividend).
  • Contribution period: from 2 to 25 July 2014, 4pm.
  • Issuance of the new shares (coupon No. 22 attached): 1 August 2014.
  • Participation in the results: for the entire financial year 2014/2015 starting on 1 April 2014.

Shareholders with dematerialised shares (in a securities account) are invited to communicate their choice to their financial institution and to follow their financial institution's instructions for the registration of their choice. Holders of nominative shares follow the instructions they will receive in a letter from Gimv. Shareholders who fail to communicate their choice will automatically receive their net dividend in cash as from 1 August 2014.

Shareholders who wish exemption from withholding tax should apply via their financial institution who should transfer this request at KBC Bank the latest on 8 August 2014. The Information Memorandum is available on the website www.gimv.be under the section “http://gimv.com/en/investors/share/dividend”.

Transaction centraliser: KBC Securities, 12 Avenue du Port, 1080 Brussels.

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