Accell Group

Dividend Financial Year 2018

The Annual General Meeting of shareholders of Accell Group N.V.  (“Accell”), which was held on 24 April 2019 has set the dividend for 2018 at EUR 0.50 per ordinary share Accell.

Accell provides its shareholders with a choice to receive the dividend in cash (“Cash Dividend”) or in shares chargeable to the share premium reserve (“Scrip Dividend”) and therefore exempt from 15% Dutch dividend withholding tax.

No trading of scrip dividends will take place at Euronext in Amsterdam (“Euronext Amsterdam”).

The number of scrip dividends rights entitling to one new ordinary share (“Exchange Ratio”) will based on the volume weighted average price (VWAP) of shares Accell traded on Euronext Amsterdam from 30 April 2019 – 14 May 2019, whereby the value of the Scrip Dividend will be approximately 2-4% higher than the value of the corresponding Cash Dividend. The Exchange Ratio will be published on 15 May 2019.

Time schedule
24 April 2019: Annual General Meeting of Shareholders
26 April 2019: Ex-dividend date
29 April 2019, close of business: Record Date
30 April - 14 May 2019 15:00 CET: Election period
15 May 2019: Announcement of final Exchange Ratio Scrip Dividend
17 May 2019: Payment of Cash Dividend and delivery of new shares

The election period in which shareholders can instruct their bank or broker to opt for Cash Dividend or Scrip Dividend will be from 30 April 2019 until 14 May 2019 at 15:00 (CET) (“Election Period”) at the latest.

Shareholders are requested to indicate their choice for Cash Dividend or Scrip Dividend within the Election Period, through their bank or broker to ABN AMRO Bank N.V.  If no choice is made during this election period the dividend will be paid in the form of  shares.  A bank or broker may process the dividend in the default option (“Default Option”) as agreed upon in the contractual arrangements.  Please contact your bank of broker to check your Default Option.

The dividend will be paid as of 17 May 2019 through ABN AMRO Bank N.V.. The distribution of Cash Dividend is subject to 15% dividend withholding tax. Payment of Cash dividend and delivery of new ordinary shares to your bank of broker will be effected only on the basis of the total number of dividend rights instructed for on 14 May 2019 at 15:00 CET by your bank or broker. Any remaining fractions will be settled in cash.

A request to admit the new shares for admission to trading on Euronext Amsterdam will be made pursuant to article 5:4 sub e of the Financial Markets Supervision Act (Wet op het financieel toezicht).

Heerenveen, 25 April 2019

Accell Group N.V.

Message details

Sub-group Equities
Issuer Accell Group
Category Dividend
ISIN NL0009767532
Symbol ACCEL
Securities name Ordinary shares
Publication date April 25 2019