The Annual General Meeting of BOURBON shareholders held on May 26, 2016 approved the payment of the dividend for 2015 of €1.00 per share and that each shareholder can choose to receive the dividend either in cash or in new shares.
The period for exercising the option ran from June 15, 2016 to July 7, 2016, inclusive. At the end of the option period, the shareholders who have elected to receive the payment of the dividend in shares represented 64.4% of BOURBON's shares.
4 736 272 new shares will be issued, representing 6.6% of the share capital and 4.5% of the voting rights of the company based on the total number of shares and voting rights as of May 31, 2016.
The settlement and delivery of the new shares as well as their admission to trading on the Euronext Paris will occur on July 18, 2016. The shares will carry immediate dividend rights and will be fully fungible with existing shares already listed.
For shareholders who did not opt for a dividend payment in shares, the dividend shall be paid in cash on July 18, 2016.