VILMORIN & CIE LAUNCHES A NEW FREE ALLOTMENT OF SHARES
Source: Nasdaq GlobeNewswire / 15 Jan 2019 11:40:00 America/New_York
FREE ALLOTMENT OF 1 NEW SHARE FOR 10 OLD SHARES HELD
Vilmorin & Cie’s Board of Directors, acting by delegation of the Joint Annual Meeting of Shareholders held on December 7, 2018, has decided the free allotment of shares at the rate of 1 new share for 10 old shares held.
Any Shareholder having negotiated shares before the close of trading on January 16, 2019 will benefit from this allotment of shares(1). Attribution operations will begin on January 21, 2019.
The 2,083,390 new shares will be assimilated to old shares as of January 21, 2019 and will benefit from the same rights as the old shares from which they originate (in particular voting rights and dividend).
The allotment right will not be listed. Shares corresponding to the remaining fractional rights will be sold on the market, and the amount raised from this sale will be allotted to holders of rights as of January 24, 2019, and at the latest 30 days after the registration date of the number of full shares allotted in their account.
Consequently, Vilmorin & Cie’s new capital stock will stand at 349,488,703 euros divided up into 22,917,292 shares with a nominal value of 15.25 euros.
Operations will be centralized by BNP Paribas Securities Services.
Vilmorin & Cie, which had already made free allotment of shares in January 2013 and in January 2015, thus reaffirms its commitment to pursue privileged relations with its Shareholders, who are both faithful and committed to the long term.
(1) This allotment will concern all shares held at the close of trading on January 18, 2019.
Monday March 4, 2019(2): Sales and results for the first semester 2018-2019
Thursday April 25, 2019(2): Sales at the end of the 3rd quarter 2018-2019
Monday August 5, 2019(2): Sales for fiscal year 2018-2019
Tuesday October 15, 2019(2): Results for fiscal year 2018-2019
Friday December 6, 2019: Annual General Meeting of Shareholders in Paris
(2) Dates provided as an indication only, and liable to be changed. Disclosure after trading on the Paris stock market.
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Chief Financial Officer
Head of Financial Communication and Investor Relations
Financial Communication Officer and Individual Shareholder Relations
Tel. + 33 (0)4 73 63 44 85
Vilmorin & Cie, the 4th largest seed company in the world, develops vegetable and field seeds with high added value, contributing to meeting global food requirements.
Accompanied by its reference shareholder Limagrain, an international agricultural cooperative group, Vilmorin & Cie’s strategy for growth relies on sustained investments in research and international development to durably strengthen its market shares on promising world markets.
True to its vision of sustainable development, Vilmorin & Cie ensures its achievements fully respect its three founding values: progress, at the heart of its beliefs and its mission, perseverance, inherent to farming and the seeds business, and cooperation, in the fields of science, industry and commerce.