Braas Monier Building Group S.A.: capital increase and interim dividend
Braas Monier Building Group S.A. / Key word(s): Capital Increase/Dividend
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The Board of Directors of Braas Monier Building Group S.A. (the "Board")
today resolved that it will implement a capital increase from reserves by
issuing 3,916,666 new shares to its shareholders, in a ratio of one new
share for every ten shares currently held. The Board also resolved that it
will declare an interim dividend in respect of all currently held and new
shares of EUR 0.57 per share, in respect of the current financial year
ending 31 December 2016.
The Board intends to implement the capital increase before 23 December
2016, and will inform the shareholders by a press release and online at
www.offer.braas-monier.com as soon as the capital increase has been
The capital increase and the interim dividend respect the closing
conditions to which the Standard Industries offer is subject.
The interim dividend is in line with the company's recently adopted new
dividend policy and will be credited against the contemplated dividend of
EUR 0.70 per share for the current financial year. The Board will declare
the interim dividend towards the end of the acceptance period, after the
capital increase has been implemented. The interim dividend will then be
paid in early 2017.
The Board continues to recommend that shareholders do not accept the
Standard Industries offer and do not tender their shares.
Following the capital increase and payment of the interim dividend,
shareholders who accept the offer would receive value totalling EUR 28.13
per currently held share. This comprises EUR 27.50 per currently held share
which, following the capital increase, becomes payable under the Standard
Industries offer, and the interim dividend of EUR 0.63 per currently held
29.11.2016 The DGAP Distribution Services include Regulatory Announcements,
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Company: Braas Monier Building Group S.A.
4, rue Lou Hemmer
Grand Duchy of Luxembourg
ISIN: LU1075065190, LU1498426326
WKN: BMSA01, BMSA02
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart,
End of Announcement DGAP News-Service