Take up of stock dividend
For the financial year ended 31 December 2023, Eurocommercial’s shareholders representing 23.7% of the shares eligible for dividend have opted to receive a stock dividend instead of a final
cash dividend of €1.06 per share, in accordance with the terms and conditions set by Eurocommercial and disclosed to the market by Eurocommercial on 7 and 12 June 2024. As a result
of this take up the Company has issued 529,739 new shares at an issue price of €25.44 for each new share. Accordingly, of the available dividend of €56.8 million, an amount of €13.5 million was not paid out in cash.
As a result of the above, on 5 July 2024 Eurocommercial issued, from the Company’s fiscal share premium reserve, and delivered to the shareholders opting for stock dividend 529,739 new shares.
The subscribed and paid-up share capital of Eurocommercial was therefore increased from €540,493,750 (composed of 54,049,375 shares with a nominal value of €10.00 per share) to €545,791,140 (composed of 54,579,114 shares with a nominal value of €10.00 per share).
The table below describes the composition of Eurcommercial’s issued share capital before and after the issuance of 5 July 2024.

see & read more on
https://ml-eu.globenewswire.com/Resource/Download/f7b78e65-2ca7-4d82-8448-16f3ebe4eca4