REXEL : Results of the option for the payment of the dividend in shares
July 21, 2014 at 02:41 am EDT
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Rexel has given its shareholders the possibility of choosing their dividend payment in either shares or cash for the financial year closed on December 31, 2013.
The option ran from June 2, 2014 to June 23, 2014. For the payment in shares, the issue price of the Rexel shares was set at € 15.78 per share.
At the end of the period of choice, 198.510.681 coupons have been exercised in favor of payment in shares. The payment of dividends in shares has led to the creation of 9.269.384 new shares, representing 3.16% of the shares outstanding and 3.18% of the exercisable voting rights of Rexel on the basis of the capital on July 2, 2014, i.e. 293.488.576 shares.
The payment in cash or the delivery of the new shares on the exercise of the option has been carried out on July 2, 2014.
Rexel is the world's leading professional distributor of electrical equipment. Present in 19 countries, the Group offers electrical products and solutions to professionals for buildings and for residential, industrial, and tertiary infrastructures, through a multi-brand network of 1,972 outlets. The products and solutions marketed by the group are in response to demands for electrical equipment, lighting, security, climate control, communication, industrial automation, and energy savings. The activity is organized around 3 markets:
- tertiary: malls, sports facilities, hospitals, airports, etc.;
- industry: system integrators, production site builders and equipment producers;
- residential: comfort, security, and home automation.
Net sales are distributed geographically as follows: Europe (50.2%), North America (43%) and Asia/Pacific (6.8%).
REXEL 
