ANTWERPEN, BELGIUM (By Exmar, 26.Aug.2025, Words: 362) — Exmar NV announced the results of the capital increase through the contribution in kind of dividend rights in the context of the optional dividend for the financial year 2024.
The extraordinary general meeting of Exmar held on 4 Aug. 2025 decided to approve a gross dividend of 4,07143 EUR per share for the financial year 2024.
It was also decided to offer shareholders the option of contributing their dividend claim, taking into account a 30% withholding tax (regardless of the actual application of an exemption or reduction), linked to existing shares (coupons no. 30 – the “dividend rights”) to the company’s capital.
Shareholders had the choice between
(i) contributing the dividend rights to the company’s capital in exchange for new shares,
(ii) a cash payment of the dividend, or
(iii) a combination of the two previous options.
The issue price per new share was set at 7,30767 EUR. Shareholders were invited to notify their choice between 12 and 22 Aug. 2025.
The company’s shareholders opted to contribute a total of 97,91% of the dividend rights to the capital in exchange for new shares. A total of 56.339.000 Dividend Rights were contributed in exchange for the issue of 21.972.210 new shares, for a total amount of 160.565.659,85 EUR.
The effective settlement of the optional dividend will take place from 28 Aug. 2025, whereby, depending on the choice of the shareholders, (i) the new shares will be issued in exchange for the contribution of Dividend Rights, (ii) the dividend will be paid in cash, or (iii) a combination of both of the above payment methods will be used.
The capital increase will result in an increase in the company’s equity of the USD-equivalent of 160.565.659,85 EUR (based on the exchange rate of 27 Aug. 2025). Upon completion of this capital increase on 28 Aug. 2025, the capital will be represented by 81.472.210 fully paid-up ordinary shares. These shares represent the denominator in notifications under the transparency regulations. The new shares will entitle their holders to the results of Exmar as from 1 Jan. 2025 (coupon no. 31) and will be tradable on Euronext Brussels (EXM) as from 29 Aug. 2025.
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