Koninklijke Ten Cate NV : TenCate announces exchange ratio
May 12 2014 - 2:09AM
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 your shares are
administrated.
For the new ordinary shares, which will be issued as a result of
the stock dividend, a request for admission will be submitted to
NYSE Euronext in Amsterdam in accordance with Article 5:4 sub (e)
of the Act on Financial Supervision.
Royal Ten Cate Almelo, the Netherlands,
Monday 12 May 2014
For further information:
Mr. Pieter Zwinkels, investor relations manager
Telephone +31 (0)546 544 318
Mobile +31 (0)6 10 88 63
38 E-mail
ir@tencate.com Internet
www.tencate.com
Royal Ten Cate (TenCate) is a multinational
company which combines material technology with related chemical
processes in the development and production of functional materials
with distinctive characteristics. Products of TenCate are sold
worldwide. Systems and materials from TenCate come under four areas
of application: safety & protection, space & aerospace,
infrastructure & the environment, and sport & recreation.
TenCate occupies leading positions in protective fabrics,
composites for space and aerospace, antiballistics, geosynthetics
and synthetic turf. TenCate is listed on the NYSE Euronext
(AMX).
Press release as PDF
http://hugin.info/130798/R/1784389/611408.pdf
HUG#1784389
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