Results of the option for the payment of the dividend in shares
3 min
July 7, 2015
Rexel gave its shareholders the possibility of choosing their dividend’s payment either in shares or in cash (€0.75 per share) for the financial year closed on December 31, 2014.
The option ran from June 3, 2015 to June 23, 2015. For the payment in shares, the issue price of the Rexel shares was set at €14.21 per share.
At the end of the period of choice, 171,082,685 coupons have been exercised in favor of payment in shares (i.e.59% of all coupons). The payment of dividends in shares has led to the creation of 8,955,801 new shares.
The payment in cash or the delivery of the new shares on the exercise of the option has been carried out on July 1, 2015.
As of July 1, 2015, the number of shares outstanding amounts to 301,844,408;