PPR - Kering - Finlabo Research Equity Report: Fundamental and Technical Analysis and 6 months performance forecast
Provider: Finlabo SIM Spa
NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
Kering to List Fnac SA Through Dividend Distribution to Its shareholders
Kering announced that, in line with the principle announced on October 9, 2012, the Company's Board of Directors approved the listing of Fnac SA shares through a distribution to the Company's shareholders. Fnac SA is a seller of mass-market entertainment and leisure products (including consumer electronics) in France and other markets (Spain, Portugal, Brazil, Belgium, and Switzerland). At the Annual Ordinary and Extraordinary Shareholders' General Meetings on June 18, 2013, Kering will propose to distribute to its shareholders, as a payment in full of dividends in respect of 2012 (an interim dividend of EUR 1.50 having been paid on January 24, 2013) a supplementary cash dividend of EUR 2.25 and a dividend in the form of Fnac SA shares in the ratio of one Fnac SA share for every eight Kering shares held. Within this framework, Kering will distribute to its shareholders a maximum of 15,764,588 of Fnac SA's shares, representing approximately 95% of Fnac SA's share capital as of the dividend ex-date. The distribution of Fnac SA shares will be treated as a dividend distribution to Kering shareholders.
Latest Developments for Kering SA
Latest Key Developments in Retail
- Sears Holdings Corp announces filing of registration statement for spin-off of lands' end business
- Five Below Inc gives Q4 2013 guidance below analysts' estimates; raises FY 2013 guidance
- Kering SA to sell La Redoute for one euro-Reuters
- Employees at Kering SA's La Redoute stage walkout-Agence France Presse
- Share this
- Digg this