Optional dividend result
13-06-2019

Strengthening of equity by € 8,733,076.63 (capital + issuance premium) that will be used to fund the further growth of the real estate portfolio

To support its further growth Montea offered its shareholders an optional dividend again. A total of 43% of coupons no. 21 (which represent the dividend for financial year 2018) were exchanged for new shares.

Accordingly, 120,006 new shares have been issued yesterday after market closing by notarial deed for a total issue size of € 8,733,076.63 (€ 2,445,722.28 in capital and € 6,287,354.35 in issue premium) within the authorized capital. The newly created shares are expected to be admitted for trading on Euronext Brussels and Euronext Paris as of 14 June 2019.

Going forward, the share capital of Montea will be represented by 15,782,594 shares. The dividend rights that were not contributed are to be paid out in cash. The net total amount to be paid out comes to € 11,539,766.11.

The actual settlement of the dividend will take place on Friday, 14 June 2019, according to the choice of the shareholders:  (i) the newly issued shares in exchange for the contribution of the dividend rights will be delivered; (ii) the dividend will be paid out in cash; (iii) a combination of the two foregoing options.

Disclosure with application of Article 15 of the Disclosure of Important Shareholding Interests Act of 2 May 2007 (Transparency Act)

As a result of the completion of the capital increase and the issue of 120,006 new shares for a total issue price of € 8,733,076.63 (€ 2,445,722.28 in capital and € 6,287,354.35 in issue premium), on 12 June 2019 after market closing, Montea’s subscribed capital amounted to € 327,935,546.86. The capital is as of that date represented by 15.782.594 fully paid up ordinary shares. There are no preferred shares or non-voting shares, nor any convertible bonds or warrants which give entitlement to shares. Each of these shares gives entitlement to one vote at the General Meeting of Shareholders and these shares thus represent the numerator for the purposes of notification pursuant to the transparency legislation (i.e. notifications particularly in the event of reaching, exceeding or falling below the statutory or legal thresholds).

In addition to the legal thresholds, pursuant to Article 18, §1 of the Transparency Act, the Articles of Association of Montea provide for an additional statutory threshold of 3%.