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Braas Monier Building Group S.A.: capital increase and interim dividend

Braas Monier Building Group S.A. / Key word(s): Capital Increase/Dividend
29.11.2016 08:14

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 as soon as the capital increase has been implemented.

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 share.

29.11.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:     English
Company:      Braas Monier Building Group S.A.
              4, rue Lou Hemmer
              1748 Senningerberg
              Grand Duchy of Luxembourg
ISIN:         LU1075065190, LU1498426326
WKN:          BMSA01, BMSA02
Indices:      SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart,               Tradegate Exchange
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