Equity capital boosted by € 8,726,304.78 (capital + issue premium) which will be used to finance the growth of the property portfolio
To support the continued growth of Montea, the statutory manager again offered shareholders the opportunity of taking an optional dividend. In total, 54% of the n°18 coupons (representing the dividend from 1 January 2017 until 30 September 2017) and 62% of the n°19 coupons (representing the dividend from 1 October 2017 until 31 December 2017) were surrendered in exchange for new shares.
As a result, 203,838 new shares will be issued later today by notarial deed for a total issue amount of
€ 8,726,304.78 (€ 4,154,232.73 in capital and € 4,572,072.05 in issue premium) and this within the framework of authorized capital. The newly created shares are expected to be admitted for trading from 8 June 2018 on Euronext Brussels and Euronext Paris.
This means that from 7 June 2018, the share capital of Montea will be represented by 12,017,476 shares. Any dividend rights not surrendered will be paid out in cash. The total net amount to be paid out is € 7,017,647.52 (inclusive of cash component for the shareholders who subscribed for new shares).
The actual settlement of the dividend will take place on Friday 8 June 2018 when, depending on the choice of the shareholders, (i) the new shares issued in exchange for the surrender of dividend rights will be released, (ii) the payout of dividend in cash will place, or (iii) a combination of both of the aforementioned methods of payment.