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Press Release: Compagnie Financière Tradition : Decision to increase share capital in connection with a scrip dividend to capital reserves
Compagnie Financière Tradition / Compagnie Financière Tradition : Decision to increase share capital in connection with a scrip dividend to capital reserves . Processed and transmitted by Nasdaq OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.
Press Release Lausanne, 22 May 2015 At the Annual General Meeting of Compagnie Financière Tradition SA held on May 22, 2015 (AGM), Shareholders approved, in addition to the company's and group's annual accounts, a dividend of CHF 3,00 per bearer share of Compagnie Financière Tradition SA with a nominal value of CHF 2,50 each (Shares). The dividend will be made against free reserves. Shares will be traded ex-dividend as of May 27, 2015. The AGM decided that each shareholder can elect to receive the dividend in cash or in new Shares (scrip dividend), in accordance with and subject to the Board proposal published in the Swiss Official Gazette of Commerce on April 30, 2015. The election period runs from May 27, 2015 to June 3, 2015 (noon CEST). The issue price of the new Shares is set at CHF 57; 19 No 17 coupons will therefore be required to obtain one new Share. To enable payment of the dividend to shareholders who elect to receive new Shares, the AGM voted to increase the existing share capital by a maximum of CHF 1'125'000,00, through the issuance of a maximum of 450'000 Shares, up to a maximum of CHF 17'930'277.50. The Shares will be fully paid up by conversion of the Company's available equity. The new Shares will carry dividend rights from the 2015 financial year. The issue prospectus, within the meaning of Section 652a of the Swiss Code of Obligations, will be published in the Swiss Official Gazette of Commerce on May 27, 2015, and on the Compagnie Financière Tradition SA Website (www.tradition.com).
ABOUT Compagnie Financiere Tradition SA
Compagnie Financière Tradition SA is one of the world's largest interdealer brokers in over-the-counter financial and commodity related products. Represented in 28 countries, Compagnie Financière Tradition SA employs 2,200 people globally and provides broking services for a complete range of financial products (money market products, bonds, interest rate, currency and credit derivatives, equities, equity derivatives, interest rate futures and index futures) and non-financial products (energy and environmental products, and precious metals). Compagnie Financière Tradition SA (CFT) is listed on the SIX Swiss Exchange. For more information, please visit www.tradition.com. MEDIA CONTACTS
Patrick Combes, President Jeremy Nieckowski Compagnie Financière Tradition SA Voxia communication +41 (0)21 343 52 22 +41 (0)22 591 22 65 actionnaire@tradition.ch jeremy.nieckowski@voxia.ch
CFT_Press release: http://hugin.info/133362/R/1923495/689774.pdf
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Compagnie Financière Tradition via Globenewswire
HUG#1923495
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Compagnie Financière Tradition
Langallerie 11 Lausanne Switzerland
WKN: 870121;ISIN: CH0014345117;
Listed: Freiverkehr in Börse Stuttgart,
Freiverkehr in Börse Berlin,
Open Market (Freiverkehr) in Frankfurter Wertpapierbörse;
http://www.traditiongroup.com (END) Dow Jones Newswires
May 22, 2015 12:01 ET (16:01 GMT)- - 12 01 PM EDT 05-22-15
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