TenCate sets exchange ratio for stock dividend

With reference to the dividend for the 2014 financial year, Royal Ten Cate announces that the number of dividend rights of ordinary shares of € 2.50 nominal value giving right to one new ordinary share, has been set at 42.

 

Based on the volume weighted average share price of 23, 24, 27, 28, 29 and 30 April 2015 of € 21.3345, 1/42 share represents a value of approximately € 0.5080, approximately 1.59% higher than the € 0.50 cash dividend.

 

Both the cash and the stock dividend will be made payable from 6 May 2015.

 

For the new ordinary shares that will be issued as a result of the stock dividend, a request for admission to listing at Euronext Amsterdam will be submitted in accordance with Article 5:4 sub (e) of the Act on Financial Supervision (Wft).

 

The opening price of 4 May 2015 will be used as reference price for the settlement of fractional entitlements.

 

 

Royal Ten Cate 

Almelo, The Netherlands, Friday, 1 May 2015

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For further information:

 

TenCate corporate

Gert Steens, investor relations 

Tel. : [phone]

E-mail : [e-mail]

Internet : www.tencate.com

 

Royal Ten Cate (TenCate) is a multinational company which combines material technology and chemical processes in the development and production of functional materials with distinctive characteristics. TenCate products are sold worldwide. 

Systems and materials from TenCate come under four areas of application: safety & protection, space & aerospace; infrastructure and the environment; sport and recreation. TenCate occupies leading positions in protective fabrics, composites for space and aerospace, antiballistics, geosynthetics and synthetic turf. TenCate is listed on Euronext Amsterdam (AMX).

Press release as PDF

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Source: Koninklijke Ten Cate NV via Globenewswire

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