financial and business news

Cbo Territoria: The option to pay the dividend in shares chosen by 68% of the capital – Reinforcement of equity capital to the tune of 5.3 M EUR

The option to pay the dividend in shares chosen by 68% of the capital

Reinforcement of equity capital to the tune of € 5.3 million

CBo Territoria announces that the option for the payment of the dividend in shares for the 2019 financial year has retained the interest of a large majority of its shareholders: 68% of the option rights have been exercised in favor of a payment in shares at the end of the option period, open from 10 to 24 June 2020 inclusive.

This operation allows CBo Territoria to strengthen its equity capital to the tune of € 5.3 million in an international economic context weakened by the health crisis. It testifies to the loyalty and confidence of the vast majority of shareholders in the Group’s resilience and development strategy.

As a reminder, the General Meeting of CBo Territoria on June 3, 2020 decided to pay a dividend for the 2019 financial year of € 0.23 per share and offered shareholders an option between paying this dividend in cash or in new shares of the Company.

The price of the new share returned as payment of the dividend was set at 3.02 euros, corresponding to 90% of the average of the quoted prices for the twenty stock market sessions preceding the General Meeting of June 3, less the amount of dividend.

This transaction will create 1,785,664 new ordinary shares representing 4.89% of the new capital after increase.

The settlement-delivery and the admission to trading of these new shares on the Euronext Paris market will take place on June 30, 2020.

The shares thus issued will carry current rights and will have the same rights and restrictions as the ordinary shares in circulation, as described in the company’s articles of association.

Following this transaction, the capital will now be composed of 36,502,394 shares representing 36,502,394 theoretical voting rights and 36,265,310 real voting rights (excluding treasury shares).

Payment of the dividend in cash for a total amount of 2,539,330 euros will also take place on June 30.

Next publication:

  • Turnover 1er semester 2020: Wednesday August 19, 2020 (after market close)

About CBo Territoria

Landowner, developer and real estate developer of reference in Reunion and Mayotte, CBo Territoria is a real estate operator listed on Euronext C (FR0010193979, CBOT).

The owner of 3,000 hectares, the Group aims to become a multi-regional Land Company whose development is co-financed by the results of its Real Estate Promotion activity.


© Copyright Actusnews Wire
Receive the next press releases from the company by email by subscribing to

© 2020 ActusNews