Oeneo's Annual General Meeting of July 26, 2018 approved the payment of a dividend of €0.15 per share in respect of 2017-2018 with the option of payment in cash or in shares.
The option period for payment in shares began on July 31, 2018 and came to a close on September 7, 2018. Shareholders who chose to be paid in shares for the 2017-2018 dividend represented 87.12% of Oeneo shares.
The transaction resulted in the issue of 922,676 new ordinary Oeneo shares (representing 1.47% of the share capital and 1.12% of voting rights based on the total number of shares and voting rights at June 30, 2018, i.e., 63,180,843 shares). Settlement-delivery and admission to trading of these new shares on Euronext Paris will take place on September 17, 2018. Oeneo's share capital will therefore increase to €64,103,519, made up of 64,103,519 fully paid?up ordinary shares with a par value of €1 each.
The new shares will be eligible for dividends from April 1, 2018 and will immediately rank pari passu with existing shares making up Oeneo's capital.
The total cash dividend amounts to €1,158,134 and will be paid on September 17, 2018.
About Oeneo Group
Oeneo Group is a major wine industry player with high-end and innovative brands. Present around the world, the Group covers each stage in the winemaking process through two core and complementary divisions:
- Closures, involving the manufacture and sale of cork closures, including high value?added technological closures through its DIAM and PIETEC ranges.
- Winemaking, providing high-end solutions in winemaking and spirits for leading market players through its cooperage brands Seguin Moreau, Boisé, Millet and Galileo, and developing innovative solutions for the wine industry with Vivelys (R&D, consulting, systems).
Oeneo prides itself in offering solutions in the production, maturing, preservation and enhancement of wines or spirits that faithfully convey all of the emotion and passion of each winegrower and improve their performance.
WE CARE ABOUT YOUR WINE
INFORMATION AND PRESS RELATIONS
|Philippe Doray |
Chief Administrative and Financial Officer
+33 (0) 5 45 82 99 93
|Guillaume Le Floch |
Analysts – Investors
+33 (0) 1 53 67 36 70
|Alexandra Prisa |
Press – Media
+33 (0) 1 53 67 36 90