Koninklijke Ten Cate NV : TenCate announces exchange ratio
May 12 2014 - 2:01AM
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
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Koninklijke Ten Cate NV via Globenewswire
HUG#1784389
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