PORR AG: Final volume of scrip dividend even higher: acceptance rate of 71.8 %
Vienna (17.06.2016) On 16 June 2016, PORR AG has announced an acceptance rate of the scrip dividend of approximately 65.9%, subject to the fact that the final volume would only be known on 17 May 2016.
PORR AG had granted its shareholders the option to choose in their discretion to receive the extraordinary dividend of EUR 0.50 per share entitled to a dividend either in cash or in dividend shares by way of reinvestment (scrip dividend) in order to increase the respective stake in PORR AG. 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.
Due to technical settlement reasons, not all Rights exercises could be considered when the preliminary result was announced on 16 June 2016. Now, the final result of the scrip dividend is available: hence, in aggregate 20,461,518 Rights were exercised; this corresponds to an acceptance rate of approximately 71.8% of all entitled shares. The extraordinary dividend of EUR 0.50 per share entitled to a dividend will therefore be provided by a total of 378,917 PORR shares.
The settlement of the dividend shares will take place on 21 June 2016.
Contact:
Christian B. Maier, CFO
PORR AG
Tel.: +43 (0)50 626-1009
e-mail: christian.maier@porr.at
Ad-hoc announcement