CFT: Decision to increase share capital in connection with a scrip dividend charged to capital reserves
Compagnie Financière Tradition /
CFT: Decision to increase share capital in connection with a scrip dividend
charged to capital reserves
. Verarbeitet und übermittelt durch Thomson Reuters ONE.
Für den Inhalt der Mitteilung ist der Emittent verantwortlich.
Decision to increase share capital in connection with a scrip dividend charged
to capital reserves
Shareholders at the Annual General Meeting of Compagnie Financière Tradition SA
held on 10 May 2012, in addition to approving the company and group annual
accounts, approved a dividend of CHF 4 per bearer share of CHF 2.50 nominal
value. The total dividend payment of CHF 24,731,480 will be charged to free
reserves.
Compagnie Financière Tradition shares will go ex-dividend on 14 May 2012.
The AGM decided that each shareholder could elect to receive this dividend in
cash or in new Compagnie Financière Tradition bearer shares (scrip dividend), in
accordance with and subject to the Board proposal published in the Swiss
Official Gazette of Commerce on 19 April 2012.
The election period runs from Monday, 14 May 2012 to noon on Tuesday, 22 May
2012 (CET).
The issue price of the new bearer shares is set at CHF 60; 15 No 14 coupons will
therefore be required to obtain one new share.
To enable payment of the dividend to shareholders who elect to receive new
shares, the AGM voted to increase the present share capital by an amount not
exceeding CHF 1,037,500, bringing the increased share capital to a maximum of
CHF 16,494,675, by issuing up to 415,000 bearer shares with a nominal value of
CHF 2.50 each. These shares will be fully paid up by conversion of the Company's
available equity. The new shares will carry dividend rights from the 2012
financial year.
The issue prospectus, within the meaning of Section 652a of the Swiss Code of
Obligations, will be published in the Swiss Official Gazette of Commerce on May
14, and on the Compagnie Financière Tradition SA website (www.tradition.com).
With a presence in 27 countries, Compagnie Financière Tradition SA is one of the
world's leading interdealer brokers (IDB).The Group provides broking services
for a complete range of financial products (money market products, bonds,
interest rate, currency and credit derivatives, equities, equity derivatives,
interest rate futures and index futures) and non-financial products (energy and
environmental products, and precious metals).
Compagnie Financière Tradition (CFT) is listed on the SIX Swiss Exchange.For
more information on our Group, please visit our website at www.viel.com.
Lausanne, 10 May 2012
Press contacts:
Compagnie Financière Tradition SA Rochat & Partners
Patrick Combes, President Philippe Dunant
Tel.: +41 21 343 52 87 Tel.:
+41 22 718 37 42
CFT Press release :
http://hugin.info/133362/R/1611164/512368.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Compagnie Financière Tradition via Thomson Reuters ONE
[HUG#1611164]
http://www.traditiongroup.com
Compagnie Financière Tradition /
CFT: Decision to increase share capital in connection with a scrip dividend
charged to capital reserves
. Verarbeitet und übermittelt durch Thomson Reuters ONE.
Für den Inhalt der Mitteilung ist der Emittent verantwortlich.
Decision to increase share capital in connection with a scrip dividend charged
to capital reserves
Shareholders at the Annual General Meeting of Compagnie Financière Tradition SA
held on 10 May 2012, in addition to approving the company and group annual
accounts, approved a dividend of CHF 4 per bearer share of CHF 2.50 nominal
value. The total dividend payment of CHF 24,731,480 will be charged to free
reserves.
Compagnie Financière Tradition shares will go ex-dividend on 14 May 2012.
The AGM decided that each shareholder could elect to receive this dividend in
cash or in new Compagnie Financière Tradition bearer shares (scrip dividend), in
accordance with and subject to the Board proposal published in the Swiss
Official Gazette of Commerce on 19 April 2012.
The election period runs from Monday, 14 May 2012 to noon on Tuesday, 22 May
2012 (CET).
The issue price of the new bearer shares is set at CHF 60; 15 No 14 coupons will
therefore be required to obtain one new share.
To enable payment of the dividend to shareholders who elect to receive new
shares, the AGM voted to increase the present share capital by an amount not
exceeding CHF 1,037,500, bringing the increased share capital to a maximum of
CHF 16,494,675, by issuing up to 415,000 bearer shares with a nominal value of
CHF 2.50 each. These shares will be fully paid up by conversion of the Company's
available equity. The new shares will carry dividend rights from the 2012
financial year.
The issue prospectus, within the meaning of Section 652a of the Swiss Code of
Obligations, will be published in the Swiss Official Gazette of Commerce on May
14, and on the Compagnie Financière Tradition SA website (www.tradition.com).
With a presence in 27 countries, Compagnie Financière Tradition SA is one of the
world's leading interdealer brokers (IDB).The Group provides broking services
for a complete range of financial products (money market products, bonds,
interest rate, currency and credit derivatives, equities, equity derivatives,
interest rate futures and index futures) and non-financial products (energy and
environmental products, and precious metals).
Compagnie Financière Tradition (CFT) is listed on the SIX Swiss Exchange.For
more information on our Group, please visit our website at www.viel.com.
Lausanne, 10 May 2012
Press contacts:
Compagnie Financière Tradition SA Rochat & Partners
Patrick Combes, President Philippe Dunant
Tel.: +41 21 343 52 87 Tel.:
+41 22 718 37 42
CFT Press release :
http://hugin.info/133362/R/1611164/512368.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Compagnie Financière Tradition via Thomson Reuters ONE
[HUG#1611164]
http://www.traditiongroup.com