Korian: 2017 Dividend Submitted to the Annual General Meeting
Calendar and conditions
On
The Board also decided again to submit to the Meeting a resolution in order to offer to each of the shareholders the possibility to choose for a payment of the dividend in newly issued Company shares; the payment in shares would apply to the whole dividend.
The new shares would be issued at a price equal to 95 % of the average of the closing share price for the 20 trading days preceding the date of the Meeting, less the net amount of dividend per share, i.e. €0.60, rounded up to the higher euro cent.
CALENDAR AND CONDITIONS FOR THE PAYMENT OF THE DIVIDEND
- Record date:
20 June 2018 - Ex date:
21 June 2018 - Period during which the option can be exercised: from 21 June to
6 July 2018 included. Beyond that date, if the option has not been exercised, the dividend will be paid in cash. - Treatment of share fractions: if the amount of dividends for which the option is exercised does not correspond to a round number of shares, the shareholders will receive the rounded-down whole number of shares and the balance in cash.
- Payment date:
16 July 2018 (whatever the option chosen). - Admission and date of entitlement to the new shares: the new shares issued as payment for the dividend, should the option be exercised, will be admitted to trading on the NYSE Euronext Paris regulated market. The shares will be subject to all the clauses of the Company’s articles of association and will carry dividend rights from
1 January 2018 . Consequently, as from their issuance, the shares will be fully assimilated to the ordinary shares forming the Company’s share capital.
This option may be subject to legal restrictions for shareholders who are not French residents. The latter are invited to consult their legal counsel with respect to the laws and regulations applicable in their own country of residence.
Disclaimer
This press release constitutes the information document required pursuant to Articles 212-4 (§4) and 212-5 (§5) of the general Regulations of the Autorité des marchés financiers (the “AMF”) as well as to Article 18 and Appendix III of the AMF guidelines 2016-04 relating to the information to be disseminated when financial securities are offered to the public or admitted to trading on a regulated market.
This press release does not constitute an offer of securities. This press release and any other document relating to the payment of the dividend in shares shall be published outside
Next press release: 24July 2018 after close of trading
Q2 2018 revenues
ABOUT
For more information, please visit the website: www.korian.com
indices: SBF 120, CAC Health Care, CAC Mid 60, CAC Mid & Small and MSCI Global Small Cap
Euronext ticker: KORI - ISIN: FR0010386334 – Reuters: KORI.PA – Bloomberg: KORI.FP
View source version on businesswire.com: https://www.businesswire.com/news/home/20180425006104/en/
INVESTOR CONTACT
Nadine Coulm
Investor Relations Director
[email protected]
Tel: +33 (0)1 55 37 53 55
or
PRESS CONTACT
DGM Conseil
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