Enactment of the implementation of the optional dividend
11-06-2020

This morning, Montea enacted the implementation of the capital increase in the context of the optional dividend offered to its shareholders. Montea's share capital was increased by € 4,913,618.00 (and the share premium by € 13,090,765.60); in total, equity was increased by € 18,004,383.60 through the issue of 241,100 new shares within the authorized capital. Montea's share capital is currently represented by 16,023,694 shares. The newly created shares are expected to be admitted to trading on Euronext Brussels and Paris as from 15 June 2020.

As a result, 241,100 new shares were issued this morning before start of trading by notarial deed for a total issue amount of € 18,004,383.60 (€ 4,913,618.00 in capital and € 13,090,765.60 in share premium) within the authorised capital. The newly created shares are expected to be admitted to trading on Euronext Brussels and Euronext Paris as from 15 June 2020.

Montea's share capital will therefore henceforth be represented by 16,023,694 shares. Dividend rights that have not been contributed will be paid out in cash. The net total amount to be distributed amounts to € 10,029,778.01.

On Monday 15 June 2020, the effective settlement of the dividend will take place whereby, according to the choice of the shareholders, (i) the new shares issued in exchange for the contribution of dividend rights will be delivered, (ii) the dividend will be paid in cash, or (iii) a combination of the two previous payment methods.

“With 64.22% of the dividends converted into new shares, the shareholders send a strong message in these challenging times. They confirm their confidence in Montea and support further growth through innovative developments in Belgium, the Netherlands and France.” Jo De Wolf, Chief Executive Officer.

  • Disclosure pursuant to Article 15 of the Disclosure of Significant Shareholders Act of 2 May 2007 (Transparency Act)

Following the completion of this capital increase and the issue of 241,100 new shares for a total issue price of € 18,004,383.60 (€ 4,913,618.00 in capital and € 13,090,765.60 in share premium), the total issued capital of Montea as of 11 June 2020 amounts to € 326,561,810.51. As from the same date, the capital will be represented by 16,023,694 fully paid-up ordinary shares. There are no preference or non-voting shares, convertible bonds or subscription rights giving entitlement to shares. Each of these shares confers a right to one vote at the general meeting of shareholders and these shares therefore represent the denominator for the purposes of notifications under the transparency regulations (i.e. notifications in the event of (inter alia) reaching, exceeding or falling below the statutory or legal thresholds).

In addition to the legal thresholds, Montea's articles of association provide, pursuant to Article 18, §1 of the Transparency Act, for an additional statutory threshold of 3%.