CHARGEURS (EPA:CRI) - CHARGEURS - Final dividend reinvestment procedure

Transparency directive : regulatory news

06/05/2019 18:15

FINAL DIVIDEND REINVESTMENT Procedure

PRESS RELEASE

Paris, May 6, 2019

- Payment of the final dividend of EUR0.37 per share on May 29, 2019
- Option to reinvest in new shares at an issue price of EUR16.51 per share
  after applying a 10% discount, with the new shares immediately carrying
  dividend rights
- Reinvestment period runs from May 14 to May 23, 2019

At the Annual General Meeting on May 6, 2019, the Company's shareholders
approved the payment of a EUR0.67 per-share dividend for 2018 and decided to
offer the option of reinvesting the final dividend for 2018 and any interim
dividend(s) for 2019 in new Chargeurs shares.

A EUR0.30 per-share interim dividend was paid on September 28, 2018 and the
final EUR0.37 per share will be paid (in cash or shares) on May 29, 2019.

Final dividend reinvestment procedure, with the new shares immediately carrying
dividend rights

At the 2019 Annual General Meeting a resolution was passed to once again give
shareholders the option of reinvesting their final dividend for 2018
(corresponding to EUR0.37 per share), with the new shares offered at a discount
to the market price and immediately carrying dividend rights. Shareholders who
opt to reinvest their final dividend must notify their bank or broker between
May 14, 2019 (the start date of the exercise period for the dividend
reinvestment option) and May 23, 2019.

Shareholders will receive a reinvestment form by post describing the procedure
and indicating the number of shares their dividend amount entitles them to
purchase. The form will be sent either by their bank or broker, if they hold
their shares in bearer form or have registered them with said bank or broker,
or by BNP Paribas Securities Services, if their shares are registered directly
with Chargeurs.

Once completed and signed, the form must be returned to the bank or broker in
charge of managing their shares before  May 23, 2019.

If the amount of the reinvestable dividend does not correspond to a whole
number of shares, the shareholder concerned will receive the nearest lower
whole number of shares and the difference in cash.

The new ordinary Chargeurs shares issued for the purpose of the final dividend
reinvestment option will be delivered on  May 29, 2019. They will carry
dividend rights immediately and will rank pari passu with the Company's
existing shares as from their issue date.

Up to 527,810 shares may be issued in connection with the final dividend
reinvestment option, representing a maximum 2.2% of Chargeurs' share capital as
of April 30, 2019.

Issue price of the new shares

In accordance with article L. 232-19 of the French Commercial Code, the issue
price of the new shares delivered as payment for the final dividend will be set
at 90% of the average of the opening prices quoted for Chargeurs' shares during
the twenty trading days preceding the date of the Annual General Meeting, less
the net amount of the final per-share dividend and rounded up to the nearest
euro cent, i.e. EUR16.51 per share after applying the 10% discount.

Procedure for receiving the final dividend in cash

Shareholders who do not exercise the dividend reinvestment option by May 23,
2019 will be paid their final dividend in cash on May 29, 2019.

Timeline for final dividend payment:
* Ex-dividend date    May 10, 2019
* Start of reinvestment option period                      May 14, 2019
* End of reinvestment option period                        May 23, 2019
* Announcement of reinvestment results                     May 27, 2019
* Delivery of shares and payment of cash final dividend    May 29, 2019

The new shares issued as payment of the final dividend will rank pari passu
with Chargeurs' existing shares from the following date:

* Shares issued as payment for the final dividend          May 29, 2019

Financial Calendar

Thursday, September 12, 2019
(before the start of trading)  First-half 2019 results
Thursday, November 14, 2019
(after the close of trading)   Third-quarter 2019 financial information

ABOUT CHARGEURS

Chargeurs is a global manufacturing and services group with leading positions
in four segments: temporary surface protection, garment interlinings, technical
substrates and combed wool.

It has over 2,000 employees based in 45 countries on five continents, who serve
a diversified customer base spanning more than 90 countries.

In 2018, revenue totaled EUR573.3 million, of which more than 90% was generated
outside France.

CONTACTS - www.chargeurs.fr
Group Corporate Communications - +33 1 47 04 13 40 - comcorporate@chargeurs.fr
Group Financial Communications - +33 1 47 04 13 40 - comfin@chargeurs.fr

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