Braas Monier Building Group S.A.: Implementation of Capital Increase from Reserves and Declaration of Interim Dividend
Braas Monier Building Group S.A. / Key word(s): Capital Increase/Dividend
20-Dec-2016 / 16:50 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Implementation of Capital Increase from Reserves and Declaration of Interim
Luxembourg, 20 December 2016. In accordance with the Business Combination
Agreement signed by Braas Monier Building Group S.A. ("Braas Monier"),
Standard Industries, Inc. and Marsella Holdings S.à r.l. (together the
"Parties") on 18 December 2016 and following the agreed settlement of the
litigation in Luxembourg by the Parties yesterday, the Board of Directors
(the "Board") of Braas Monier today approved a resolution to issue
3,916,666 new ordinary bearer shares with a par value of EUR 0.01 each and
carrying dividend rights as from 1 January 2016 (the "New Shares") from a
capital increase by incorporation of reserves making use of the authorized
share capital of Braas Monier. The capital increase has become effective
upon the passing of the resolution. The share capital of Braas Monier now
amounts to EUR 430,833.33 and is divided into 43,083,333 ordinary bearer
shares with a par value of EUR 0.01.
Today, the Board also approved a resolution to distribute an interim
dividend for the financial year ending on 31 December 2016 of EUR 0.64 per
share (43,083,333 currently held and New Shares).
The reference date for the allocation of New Shares is 27 December 2016.
The shareholders of Braas Monier are entitled to New Shares of ISIN
LU1075065190 in a ratio of 10:1 based on their previous shareholding
according to ISIN LU1075065190 and ISIN LU1498426326 after the close of
markets on 27 December 2016 such that one (1) New Share is allocated to
each ten (10) old shares. Since all shares of Braas Monier are held in
collective custody, shareholders are not required to take any action with
regard to the allocation. The New Shares will be allocated to eligible
shareholders by security deposit credit. The New Shares will be given the
same ISIN as the untendered old shares (ISIN LU1075065190).
The admission to trading of the New Shares on the regulated market segment
of the Frankfurt Stock Exchange (Prime Standard) is expected to take place
on 27 December 2016. Stock exchange trading of the New Shares is planned to
commence on 28 December 2016. The listing of shares of Braas Monier will be
deemed to be "ex New Shares" as of the same day.
Some shareholders may not receive a full number of New Shares, but
fractions of New Shares. Any New Shares that cannot be allocated to a
single shareholder, will be sold and the proceeds will be credited
proportionately to those shareholders holding the fractions.
The reference date for the interim dividend is 28 December 2016. The
listing of shares of Braas Monier will be deemed to be "ex dividend" as of
29 December 2016. Braas Monier intends to pay the interim dividend on
5 January 2017.
Director Group Communications / Investor Relations
Braas Monier Building Group
Tel: +49 6171 61 28 59
20-Dec-2016 CET/CEST The DGAP Distribution Services include Regulatory
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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, Tradegate Exchange
End of Announcement DGAP News Service