64.22% of Montea’s shareholders opt to convert their dividend into new shares. Strengthening of equity by € 18,004,383.60 (capital + issue premium) that will be used to fund the further growth of the real estate portfolio.
To support the further growth of Montea, the statutory manager offered the shareholders an optional dividend again. A total of 64.22% of coupons no. 22 (which represent the dividend for financial year 2019) were exchanged for new shares.
Accordingly, 241,100 new shares will be issued tomorrow morning (before the opening of the stock exchange) by notarial deed for a total amount of € 18,004,383.60 (€ 4,913,618.00 in capital and € 13,090,765.60 in issue premium) within the authorized capital. The newly created shares are expected to be admitted for trading on Euronext Brussels and Euronext Paris as of 15 June 2020. As of 11 June 2020, the share capital of Montea will be represented by 16,023,694 shares. The dividend rights that were not contributed, are to be paid out in cash. The net total amount to be paid out amounts to € 10,029,778.01. The actual settlement of the dividend will take place on Monday, 15 June 2020 whereby, according to the choice of the shareholders: (i) the new shares, issued in exchange for the contribution of the dividend rights, will be delivered; (ii) the dividend will be paid out in cash, or (iii) a combination of the two foregoing options.