Following the successful completion of the merger to create LafargeHolcim, an exceptional scrip dividend of one new LafargeHolcim Ltd share for every twenty existing LafargeHolcim Ltd shares shall be distributed to all LafargeHolcim Ltd shareholders.
At the Extraordinary General Meeting on 8 May 2015, the group’s shareholders voted in favour of an authorised share capital increase based on which the distribution of the scrip dividend is authorised.
The last date to trade LafargeHolcim Ltd shares ‘cum’ scrip dividend will be 7 September 2015. As of 8 September 2015, LafargeHolcim Ltd shares will trade ‘ex’ scrip dividend. The settlement and delivery of the newly issued shares will occur as from 10 September 2015.
No fractional LafargeHolcim Ltd shares will be issued. As a consequence, shareholders entitled to receive a number of LafargeHolcim Ltd shares not corresponding to a whole number will receive the rounded-down whole number of LafargeHolcim Ltd shares and the balance will be paid in cash.
An application has been made for admission of the new LafargeHolcim Ltd shares to trading on the SIX Swiss Exchange in Zurich and on Euronext Paris. The newly issued shares of LafargeHolcim Ltd will carry the same rights and obligations as the existing LafargeHolcim Ltd shares and will be fully assimilated with them.
For the purpose of the scrip dividend, 28 870 252 new LafargeHolcim Ltd shares, representing 5 percent of the LafargeHolcim Ltd share capital and voting rights as of 3 September 2015, will be issued.
Adapted from press release by Joseph Green
Read the article online at: https://www.worldcement.com/europe-cis/03092015/distribution-exceptional-scrip-dividend-lafargeholcim-491/