Results of the option offered to shareholders to receive a dividend payment in shares
Rexel has offered its shareholders the option of receiving their dividend payment in either shares or cash for the financial year closed on December 31, 2010.
The option ran from May 27, 2011 to June 20, 2011. For the payment in shares, the price of the Rexel shares to be issued was set at €16 per share.
At the expiry of the deadline, 215,198,425 coupons had been exercised in favor of a payment in shares, ie. close to 82% of the total number of shares conferring rights to the dividend, thus demonstrating the confidence of Rexel’s shareholders in the growth potential of the share price and in the strategy implemented by the Group. The dividend payment in shares will lead to the creation of 5,376,107 new shares, representing 2,00% of Rexel’s share capital and voting rights, on the basis of the number of outstanding shares on June 29, 2011, ie. 268,775,792 shares.
The payment in cash or the delivery of the new shares upon exercise of the option will be carried out on June 30, 2010.