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Cofinimmo — Share Issue/Capital Change 2021
May 12, 2021
3933_rns_2021-05-12_244c0db9-cc8c-47c7-9f10-3a63afaa401a.pdf
Share Issue/Capital Change
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PRESS RELEASE
REGULATED INFORMATION Brussels, embargo until 03.06.2021, 5:40 PM CET
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISCLOSURE OTHERWISE, EITHER DIRECTLY OR INDIRECTLY, IN FULL OR IN PART IN OR TO THE UNITED STATES, CANADA, JAPAN, SWITZERLAND, SOUTH AFRICA OR AUSTRALIA OR ANY OTHER JURISDICTION WHERE THIS WILL LEAD TO A VIOLATION OF THE RELEVANT LEGISLATION.
Result of the optional dividend in shares offer
54% of the dividend coupons will be paid in new shares issued for a total amount of nearly 65 million EUR
Introduction1
The ordinary general meeting of 12.05.2021 had decided to distribute for the 2020 financial year a gross dividend of 5.80 EUR per share2 .
The board of directors decided to offer shareholders the choice between receiving the dividend payment for the year 2020 in new shares or in cash, or to opt for a combination of both means of payment. The subscription price of one new share was set at 117.74 EUR. The new shares will be entitled to Cofinimmo's results (Euronext Brussels: COFB) as from 01.01.2021 (first dividend payable in 2021).
Shareholders were invited to communicate their choice between the different payment modalities between 19.05.2021 and 02.06.2021.
Result of the offer
A total of 54% of the 2020 dividend coupons were contributed to the capital against new shares. This will result in the issue of 550,658 new shares for a total amount of 64,834,472.92 EUR. The subscription price of 117.74 EUR per new share is 8.2% below the volume-weighted average stock market price of the share during the subscription period3 .
The remaining dividend pay-out will be settled in cash for a net total amount of 54.8 million EUR4 . The payment in cash and/or the delivery of securities will be made as from 04.06.2021. The effective day of listing of the new shares will be 08.06.2021.
As a result, Cofinimmo's share capital will be represented by 30,037,610 shares.
Funds not paid in cash will be used by the company to finance property acquisitions and renovation projects.
1 See also our press release dated 12.05.2021, available on the website.
2 After deduction of a 30% withholding tax, this corresponds to a net dividend of 4.06 EUR per share.
3 The volume-weighted average price (VWAP) of the share during the subscription period stood at 128.29 EUR.
4 Amount from which the withholding taxes on dividends relating to reinvested and non-reinvested coupons has been deducted.
REGULATED INFORMATION
Brussels, embargo until 03.06.2021, 5:40 PM CET
PRESS RELEASE
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISCLOSURE OTHERWISE, EITHER DIRECTLY OR INDIRECTLY, IN FULL OR IN PART IN OR TO THE UNITED STATES, CANADA, JAPAN, SWITZERLAND, SOUTH AFRICA OR AUSTRALIA OR ANY OTHER JURISDICTION WHERE THIS WILL LEAD TO A VIOLATION OF THE RELEVANT LEGISLATION.
Jean-Pierre Hanin, CEO of Cofinimmo: "We are satisfied with the results of our optional dividend offering and we would like to thank our shareholders for their trust. The subscription rate of 54%, unprecedented in recent years, witnesses the confidence in Cofinimmo's strategy."
For more information:
Jochem Binst Lynn Nachtergaele Head of External Communication & IR Investor Relations Manager Tel.: +32 2 373 60 32 Tel.: +32 2 777 14 08 [email protected] [email protected]
About Cofinimmo:
Cofinimmo has been acquiring, developing and managing rental properties for over 35 years. The company has a portfolio spread across Belgium, France, the Netherlands, Germany, Spain, Finland, Ireland and Italy with a value of approximately 5 billion EUR. With attention to social developments, Cofinimmo has the mission of making high-quality care, living and working environments available to its partners-tenants, from which users benefit directly. 'Caring, Living and Working - Together in Real Estate' is the expression of this mission. Thanks to its expertise, Cofinimmo has built up a healthcare real estate portfolio of approximately 3 billion EUR in Europe.
As an independent company that applies the highest standards of corporate governance and sustainability, Cofinimmo offers its tenants services and manages its portfolio through a team of approximately 140 employees in Brussels, Paris, Breda and Frankfurt.
Cofinimmo is listed on Euronext Brussels (BEL20) and benefits from the REIT system in Belgium (RREC), France (SIIC) and the Netherlands (FBI). Its activities are supervised by the Financial Services and Markets Authority (FSMA), the Belgian regulator.
On 31.05.2021, Cofinimmo's total market capitalisation stood at 3.8 billion EUR. The company applies an investment policy aimed at offering a socially responsible, long-term, low-risk investment that generates a regular, predictable and growing dividend.