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Ten Cate declares dividend rights exchange ratio
12 May '14
1 min read
Following the dividend announcement relating to the dividend for the 2013 financial year of 17 April 2014, Royal Ten Cate hereby announces that the number of dividend rights in order to obtain one new ordinary share has been set at 43 dividend rights of ordinary shares with a nominal of €2.50 each.
The volume weighted average share price of 2, 5, 6, 7, 8 and 9 May 2014 was €21.5134 per ordinary share and was used as basis for the determination of 43 dividend rights for 1 new ordinary share.
On the basis of this price 1/43rd part of an ordinary share represents a value of €0.5003, which is 0.06% more than the value of the cash dividend of €0.50 per share.
Payment of the cash dividend and the delivery of the ordinary shares following the exchange of dividend rights will occur as of 14 May 2014 via the bank or broker where ones shares are administrated.
Ten Cate
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French Textile Equipment Manufacturers’ Association (UCMTF)
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