Stock dividend
The Company is once again offering holders of depositary receipts (representing 10 ordinary shares) the choice of a cash dividend or a stock dividend. Today the Company announced that the percentage of the scrip issue will be 5.0%. This means that those who take new depositary receipts from the share premium reserve, instead of the proposed cash dividend of € 1.55 per depositary receipt, will receive 1 (one) new depositary receipt, for each 20 (twenty) depositary receipts held. These new depositary receipts will rank pari passu with pre-existing depositary receipts in respect of the financial year 2005/2006. Investors have until 23 November 2005 inclusive to make their choice known. If notification is not received by that date a cash dividend only will be payable. The new depositary receipts will be issued on 30 November 2005. The distribution proposal will be tabled in the Annual General Meeting of Shareholders to be held on 1 November 2005.
For additional information please contact:
|
Jeremy Lewis |
+ 31 20 530 6030 |
|
Evert Jan van Garderen |
+ 31 20 530 6030 |
|
Tim Santini |
+ 44 20 7925 7860 |
|
Peter Mills |
+ 44 20 7925 7860 |
|
Tom Newton |
+ 44 20 7925 7860 |
Website: www.eurocommercialproperties.com