Interim dividend
The Board of Management of Eurocommercial Properties N.V. herewith announces that it has decided today to declare an interim dividend for the financial year ended on 31 December 2024 of €0.68 in cash per share.
The ex-dividend date is Friday 10 January 2025.
The dividend will be payable on Thursday 30 January 2025. The dividend in cash, net of 15% Dutch dividend withholding tax (“the Cash Dividend”), will be made available to the shareholders via the financial institution where these shares are administered at close of business on Monday 13 January 2025 (the “Record Date”).
Also, it has been decided to allow shareholders from 14 January 2025 until 17.45 hours (CET) on 27 January 2025, the choice of taking the dividend in the form of shares instead of taking
the Cash Dividend, in a ratio of one (1) share chargeable to the fiscal share premium reserve, for every thirty-six (36) shares held. To that end, for each one (1) existing share, one (1)
dividend right will be created; thirty-six (36) dividend rights entitle the holder to one (1) new share which will rank for the dividend for the year 2025 and subsequent years (the “Stock Dividend”).
The ISIN code for dividend rights is NL0015002CR5
Shareholders have until Monday 27 January 2025 at 17.45 hours (CET) to make their choice known via their financial institution. Financial institutions may set an earlier deadline for shareholders to make their choice known in order to permit the financial institution to communicate these choices to the paying agent ABN AMRO Bank N.V. If no instruction is given before 17.45 hours (CET) on 27 January 2025, the dividend will be payable in cash only.
The Stock Dividend will be distributed on Thursday 30 January 2025.
Shareholders should carefully consider whether to opt for a dividend in cash or a stock dividend, or a combination of the two, and should calculate which option is most attractive taking into account their individual circumstances.
A distribution of cash dividend is, in principle, subject to 15% Dutch dividend withholding tax (a lower rate could be applicable under a tax treaty) while a distribution in new shares charged to the fiscal share premium reserve of the Company is not. The scrip issue price of one (1)
share chargeable to the fiscal share premium reserve, for every thirty-six (36) shares held will
most likely differ from prevailing stock prices on Thursday 30 January 2025, the distribution
date and, therefore, may be less or more attractive for a number of investors.
A final dividend proposal will be tabled at the Annual General Meeting to be held in Amsterdam
on Tuesday 3 June 2025.
The Company will publish its 2024 annual results on Thursday 6 March 2025 (after closing of
Euronext).
Amsterdam, 7 January 2025
Board of Management
Evert Jan van Garderen
Roberto Fraticelli