During the presentation of the half year 2016 results Delta Lloyd announced to pay an interim dividend of € 0.10 per ordinary share. Approximately 58.6% of the shareholders will receive the dividend in cash, representing a total value of € 26.7 million. The remaining 41.4% has elected to receive the dividend in ordinary shares, representing a total value of € 18.9 million.

 

Those who elected a stock dividend will receive one Delta Lloyd ordinary share for every 36.62 ordinary shares held. In this respect 5,149,893 new ordinary shares will be issued as stock dividend. A request for admission of the ordinary shares to Euronext will be submitted pursuant to Article 5:4 (e) of the Financial Supervision Act (Wet op het financieel toezicht).

 

The stock exchange ratio is based on the weighted average quoted closing price of the Delta Lloyd share on Euronext Amsterdam by Euronext for the five consecutive trading days from 30 August 2016 up to and including 5 September. Payment of the dividend and delivery of the ordinary shares will take place on 8 September 2016.

 

Delta Lloyd intends to neutralise the dilutive effect of any stock dividend by repurchasing ordinary shares in the market. These shares will be held as treasury shares. The buyback period starts on 9 September and ends on or before 30 September 2016.

 

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Source: Delta Lloyd via Globenewswire