Option for the payment of the dividend in the form of new shares of the Company
The General Meeting of shareholders held on 31 May 2017 approved the proposal of an option for the payment of 50% of the dividend to be distributed in respect of the 2016 financial year in the form of new shares. As a consequence, shareholders may opt for the payment of 50% of the €0.57 dividend distributed (i.e. €0.285 per share) in the form of new shares; should the option be exercised, the remaining dividend will be paid in cash. This option may be exercised in the same conditions for the shares eligible for the fidelity premium dividend (€0.62 per share with an option exercisable up to €0.31).
The option may only be exercised for the entire fraction of the dividend to which the option refers (i.e. 50%).
The option must be exercised by shareholders from 8 June to 28 June 2017 inclusive, either by request to the financial intermediary in charge of the shareholder's securities account for bearer shares, or by request to BNP Paribas Securities Services as keeper of the Company's share registry for registered shares. After expiry of the aforementioned period, any shareholder failing to exercise the option shall receive payment of its entire dividend in cash, i.e. €0.57 per share.
The shares shall be listed ex-dividend as from June 8, 2017. The shares issued in payment of the dividend will be delivered on 10 July 2017, on the same date as the payment of the cash dividend.
The issuing price of the new shares that will be issued in payment of the dividend has been set at €16.01, i.e. 90% of the share price on Euronext Paris during the twenty trading days prior to the decision to distribute, less the net dividend amount, and the amount resulting from this formula will be rounded up to the next cent.
If, on the basis of this price, the amount of the dividend to which a shareholder is entitled does not correspond to a whole number of shares, the shareholder may obtain the lower number of shares plus a cash balance.
Application will be made for the new shares to be admitted to trading on Euronext Paris as from July 10, 2017. These new shares will be subject to the provisions of Albioma's Articles of Association. As a consequence, they will be fully assimilated to the existing shares of the Company.
Warning
This release constitutes the information document required under articles 212-4 (4°) and 212-5 (5°) of the General Regulation of the French Financial Markets Authority (Autorité des Marchés Financiers) and under article 18 and exhibit III of the Instruction no. 2016-04 of October 23, 2016. This release does not constitute an offer to the public nor a solicitation to purchase or subscribe for securities.
This release and any other document related to the payment of the dividend in the form of new shares of the Company may not be published outside France, unless such publication complies with applicable local laws and regulations. Moreover, such publication may not constitute an offer to purchase or subscribe for securities, in any country where such an offer would break applicable local laws and regulations.
The option for payment of the dividend in the form of new shares of the Company shall not be available to any shareholder residing in Australia, in the United States of America, in Japan, in Italy or in any country where such an option would require a registration or an authorisation to be granted by local financial market authorities. Shareholders are expected to inform themselves on the applicable local laws and regulations applicable to the option.
When deciding whether or not they will exercise the option, shareholders are advised to take into account the risks associated with an investment in shares. For any further information about the Company, its business, its strategy, its financial results and position, please refer to the 2016 Registration Document of Albioma available on the Company's Website, www.albioma.com, with particular focus on chapter 1, pages 30 onwards "Risk factors and insurance policy".
Next on the agenda: results for the first half of the 2017 financial year, 26 July 2017, released post-trading.
About Albioma
Albioma is an independent energy producer and world leader in the conversion of biomass into a highly-effective source of energy, in collaboration with its agri-business partners. For more than 20 years, Albioma has operated power plants recovering bagasse, a fibrous by-product of sugar cane, replaced by coal outside the sugar cane harvest. Its unique expertise has enabled Albioma to establish itself as an indispensable partner in the sugar and ethanol industry in the French overseas territories and Mauritius. Albioma is now developing power plants using only biomass, which recover, in addition to bagasse, green waste and wood industry residue. The Group also operates a highly-efficient photovoltaic installation and agricultural anaerobic digestion units. In 2014, the Group, which already had a presence in mainland France, the French overseas territories and Mauritius, began operating in Brazil, the world's leading sugar cane producer.
For further information, please visit www.albioma.com
Investor contacts
Julien Gauthier julien.gauthier@albioma.com +33 (0)1 47 76 67 00
Media contacts - LPM Strategic Communications
Luc Perinet-Marquet lperinet@lpm-corporate.com +33 (0)1 44 50 40 35
Albioma shares are listed on Euronext Paris (sub B) and eligible for the deferred settlement service (SRD) and PEA-PME plans.
ISIN FR0000060402 - Ticker: ABIO
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