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Ascencio — Share Issue/Capital Change 2016
Feb 26, 2016
3907_iss_2016-02-26_83c17467-2b24-4552-9c09-4171c2439d43.pdf
Share Issue/Capital Change
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Regulated information
26 February 2016 Embargoed until 17:40
RESULT OF OPTIONAL DIVIDEND
THE SHAREHOLDERS HAVE OPTED FOR A DIVIDEND IN SHARES
IN AN AMOUNT OF 67,7 % OF THE SHARES
CAPITAL INCREASE OF EUR 9,3 MILLION
67,7 % of the shareholders of a Ascencio have opted to transfer their net dividend rights in exchange for new shares instead of a cash dividend payment. This result will lead to a capital increase at Ascencio of EUR 9,3 million by the issue of 181.918 new shares raising the total number of Ascencio shares to 6.364.686.
This capital increase will allow the Company to retain financial resources which will be used to strengthen its equity capital and consequently reduce its debt level (limited by law). This capital increase therefore offers Ascencio the opportunity, where appropriate, to carry out additional transactions in the future financed by debt and to therefore achieve its growth objective.
This result will reduce debt by 1,7 % compared with the position if the dividend had been fully distributed in cash and a total capital increase of EUR 9,3 million (capital plus share premium) as a result of the exercise of the optional dividend.
The payment of the dividend commenced today, Friday, 26 February 2016 and is, as chosen by the shareholders, in the form (i) either of the issue of new shares in exchange for the transfer of net dividend entitlements, (ii) or of a cash payment of the net dividend (iii) or of a combination of the two previous methods.
The new shares have been admitted to the Euronext Brussels regulated market and are therefore immediately tradable.
Notification in accordance with Article 15 of the Law of 2 May 2007 relating to the publication of significant shareholdings
Avenue Jean Mermoz, 1 Building H Box 4 6041 Gosselies Tel. +32 (0) 71 91 95 00 Fax +32 (0) 71 34 48 96 VAT number: BE 0881.334.476 Registered with the Charleroi Companies Registry www.ascencio.be
As a result of the completion of the capital increase in kind and the issue of 181.918 new shares at an issue price of EUR 51,21 (that is EUR 1.091.508 in capital and EUR 8.224.512,78 in issue premium), the total capital of Ascencio now amounts to EUR 38.188.116.
The capital is represented by 6.364.686 fully paid-up shares. There are no preference shares.
Each share carries the right to vote at the general meeting and these shares therefore represent the denominator for the purpose of disclosures under transparency regulations, namely, among others, the obligation to disclose any shareholding of a person which reaches, exceeds or falls below the legal thresholds.
The Articles of Association of Ascencio do not contain statutory thresholds pursuant to the transparency regulations.
This information is also published on the Company's website:
For any additional information:
Marc BRISACK1 Managing Director Director of Legal Affairs Tel : 071/91.95.00 Tel : 071/91.95.00
Stéphanie Vanden Broecke [email protected] [email protected]
Michèle Delvaux Finance director Tel : 071/91.95.00 [email protected]
1 Manager of SPRL Somabri