Outcome of the optional dividend for the FY 2024-25: 64.2% of the dividend rights are distributed in the form of new ordinary shares, resulting in a capital increase of EUR 41.8 million
Gimv announces that 64.2% of the dividend rights on the financial year 2024-25 have been presented in return for 1,043,633 new ordinary shares, for a total amount of EUR 41.8 million.
Gimv's AGM on June 25, 2025 approved the distribution of a gross dividend of EUR 2.60 per share (EUR 1.82 net) for the financial year 2024-25. In addition, Gimv offered shareholders the option of subscribing to new ordinary shares, each share being exchanged for 22 dividend rights on the financial year 2024-25 (EUR 40.04), or of taking a cash dividend or a combination of both. The new shares will be of the same type as the existing shares (with no right to a reduced withholding tax) and give entitlement to payment of a dividend from Gimv's profits as from April 1st, 2025. Gimv shareholders were asked to communicate their choice between July 2 and 22, 2025.
22,959,926 dividend rights on the financial year 2024-25 were presented in exchange for 1,043,633 new ordinary shares, for a total amount of EUR 41.8 million. These new shares will be issued on July 25, 2025 and will be admitted to listing on Euronext Brussels on the same date. The balance of the dividend will be distributed on July 25, 2025 in cash, amounting to a gross total of EUR 51.2 million (including withholding taxes).
As a result of this capital increase, Gimv’s equity (group's share) will amount to EUR 1,855.6 million(1) and will be represented by 36,810,933 ordinary shares. Each of these shares carries one voting right at the general shareholders meetings and the total number of shares indicated above will represent the denominator for purposes of notifications under the transparency regulations.
WorxInvest, Gimv’s reference shareholder, opted for full payment in shares.
This capital increase adds EUR 41.8 million to Gimv’s equity, in contrast to the situation that would have prevailed had the dividend entirely been paid in cash. The cash which is not paid out will be used by Gimv to finance the accelerated growth ambitions and further value creation in the portfolio.
(1) Most recently published equity value (group’s share) as at 31 March 2024, excluding the dividend on the financial year 2023-24 and increased with the amount of the capital increase.