Christian Dior SE logo

CDI - Christian Dior SE News Story

€617 -3.0  -0.5%

Last Trade - 11:00am

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £96.58bn
Enterprise Value £142.09bn
Revenue £38.56bn
Position in Universe 9th / 848

Christian Dior : Board of directors' meeting of December 11, 2014 - Decisions relating to the exceptional distributions of Hermès shares

Thu 11th December, 2014 6:12pm
Christian Dior : Board of directors' meeting of December 11, 2014 - Decisions relating to the exceptional distributions of Herms shares

Board of Directors' Meeting of December 11, 2014
Decisions relating to the exceptional distributions of Hermes shares

Based on the Company's interim accounting position as of December 10, 2014, the Board of Directors of Christian Dior, at its meeting today, decided to pay an interim dividend in kind (the "Interim Dividend in Kind") in the form of Herms International ("Herms") shares on December 17, 2014.

Noting the recent changes in the Herms share price, and within the framework of the powers granted to it by the Combined Shareholders' Meeting held on December 9, 2014, the Board of Directors also decided that the distribution ratio applicable to the distribution in kind voted on by the Shareholders' Meeting of December 9, 2014 (the "Distribution in Kind") and the distribution ratio applicable to the Interim Dividend in Kind will be determined based on the Herms opening share price on December 17, 2014, according to the following table:

Herms opening share price on December 17, 2014 ("SP")Distribution in Kind (*) Interim Dividend in Kind (**)
Distribution ratio
(number of Herms shares distributed per Christian Dior share)
Distribution ratio
(number of Herms shares distributed per Christian Dior share)
SP <= 278.91

278.91 < SP <= 291

291 < SP <= 303

303 < SP <= 315

315 < SP <= 327

327 < SP <= 339

339 < SP <= 351

351 < SP <= 363

363 < SP <= 375

375 < SP <= 380
1 Herms share for 23 Dior shares

1 for 24

1 for 25

1 for 26

1 for 27

1 for 28

1 for 29

1 for 30

1 for 31

1 for 32
1 Herms share for 76 Dior shares

3 for 200

1 for 60

1 for 55

1 for 51

4 for 191

4 for 181

1 for 43

1 for 41

2 for 79

Remark: the <= sign means "equal to or less than"
(*) decided on by the Combined Shareholders' Meeting of December 9, 2014
(**) decided on by the Board of Directors at its meeting held on December 11, 2014

With regard to the terms and conditions of the distributions in kind of Herms shares by the Company (Distribution in Kind and Interim Dividend in Kind), Christian Dior shareholders are invited to refer to the communiqus previously published by the Company which are available, along with this communiqu, on the website: www.dior-finance.com (under "Exceptional distributions in kind of shares of Herms International").

This document is a free translation into English of the original French communiqu "Conseil d'administration du 11 dcembre 2014 - Dcisions relatives aux distributions exceptionnelles d'actions Herms". It is not a binding document. In the event of a conflict in interpretation, reference should be made to the French version, which is the authentic text.




This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Christian Dior via Globenewswire

HUG#1879383
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.