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Kering to List Fnac SA Through Dividend Distribution to Its Shareholders


Wednesday, 17 Apr 2013 12:06pm EDT 

Kering announced that, in line with the principle announced on October 9, 2012, its Board of Directors approved the listing of Fnac SA shares through a distribution to the shareholders of Kering. 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. 

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4.72
0.01 +0.21%
23 Jul 2014