Compagnie Financière Tradition /
Compagnie Financière Tradition : Decision to increase share capital in
connection with a scrip dividend to capital reserves
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Source: Globenewswire
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 CHFÂ 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 22Â +41 (0)22 591 22 65
actionnaire@tradition.ch jeremy.nieckowski@voxia.ch
CFT_Press release:
http://hugin.info/133362/R/1923497/689773.pdf
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Source: Compagnie Financière Tradition via GlobeNewswire
[HUG#1923497]