The subscription ratio was determined with 54 : 1 and the reinvestment price with EUR 27.00
Vienna (16.04.2016/[9:10]) The Annual General Meeting of PORR AG on 24 May 2016 has resolved, due to the results of the financial year 2015, to distribute a dividend of EUR 1.00 as well as an extraordinary dividend of EUR 0.50 per share entitled to a dividend. In addition, the Annual General Meeting has resolved to distribute the extraordinary dividend by way of scrip dividend. Shareholders were granted the option to choose in their discretion to receive the extraordinary dividend either in cash or in dividend shares by way of reinvestment in order to increase the respective stake in PORR AG.
The subscription period which started on 1 June 2016 and during which shareholders could exercise the option to choose to receive the extraordinary dividend of EUR 0.50 per share entitled to a divi-dend by way of reinvestment in shares of PORR ended on 15 June 2016. In compliance with the resolution of the Annual General Meeting of 24 May 2016, the management board of PORR AG determined the subscription ratio with 54 : 1 and the reinvestment price with EUR 27.00, therefore with a discount of 1.2% from the volume weighted average share price of the PORR shares as of 15 June 2016. Prior to the start of the subscription period, each shareholder was credited such number of Rights (Anrechte) to his securities account which corresponded to the respective number of PORR shares held. Rights could only be exercised in whole-number multiples of the subscription ratio.
Since the subscription ratio was determined only after the end of the subscription period, the number of Rights exercised is rounded down to the next whole-number by the respective bank where the respective securities account is held. The remaining amount resulting from the rounding which was not reinvested in dividend shares remains in cash on the account of the respective shareholder.
In total, around 18.8 million Rights were exercised which corresponds to an exercise volume of around 65.9% of the entitled shares. The extraordinary dividend of EUR 0.50 per share entitled to a dividend will therefore be provided in the extent of around 348,000 PORR shares. The final number of PORR shares to be provided will be published on 17 June 2016. The settlement of the dividend shares will take place on 21 June 2016.
Contact:
MMag. Christian B. Maier, CFO
PORR AG
Tel.: +43 (0)50 626-1009
E-Mail: christian.maierporr.at
Ad-hoc announcement