The information memorandum relating to the optional dividend has just been published on the Montea website. During the option period (from 26 May 2021 until and including 9 June 2021) shareholders can decide to contribute their dividend rights (in full or in part) into the share capital of Montea in exchange for new shares.
The new shares will participate in the profit as of 1 January 2021 (with coupon no. 24 attached). The gross dividend of € 2.83 per share is represented by coupon no. 23 (detached on 21 May 2021) to which 16,009,745 shares are entitled.
One new share can be subscribed to by contributing 43 coupons no. 23 (each in the amount of the net dividend of € 1.98 per coupon), which represent shares of the same form. Overall, this equates to an issue price of € 85.14 per new share (i.e. 43 coupons no. 23 x € 1.98).
The issue price of the new shares is € 85.14 per share, being a discount of 4.13% in relation to the adjusted (being after deduction of the gross dividend of €2.83 for the financial year 2020) 30-day average Montea share price prior to (and including) 14 May 2021. Based on the adjusted (being after deduction of the gross dividend of €2.83 for the financial year 2020) closing price of 17 May 2021, the discount is 6.41%.