Brief: Groupe Gorgé To Distribute Prodways Group Shares To Shareholders

Prodways SA

26/10/2021 17:33

Oct 26 (Reuters) - Groupe Gorge SA  GOEG.PA :
    * STRATEGIC REFOCUSING OF ACTIVITIES: GROUPE GORGÉ
DISTRIBUTES
MOST OF ITS PRODWAYS GROUP SHARES TO ITS SHAREHOLDERS
    * GROUPE GORGÉ BOARD OF DIRECTORS HAS APPROVED PRINCIPLE OF
THIS
EXCEPTIONAL IN-KIND DISTRIBUTION PLAN AND WILL MEET ON NOVEMBER
2 TO APPROVE SCHEDULE
    * OPERATION WILL BE CARRIED OUT IN DECEMBER IN FORM OF AN
EXCEPTIONAL DISTRIBUTION OF RESERVES AND AN INTERIM DIVIDEND
    * GROUPE GORGÉ WOULD DISTRIBUTE MOST OF ITS PRODWAYS GROUP
SHARES
AND WILL RETAIN LESS THAN 10% OF SHARE CAPITAL
    * OPERATION WOULD ALLOW DISTRIBUTION OF NEARLY EUR 80
MILLION TO
SHAREHOLDERS IN FORM OF PRODWAYS GROUP SHARES
    * OPERATION TO GENERATE A CAPITAL GAIN OF MORE THAN EUR 55
MILLION, WHICH WOULD BE RECOGNIZED IN EARNINGS FOR YEAR 2021

Source text for Eikon:  ID:nACT71672 
Further company coverage:  GOEG.PA ,  PWG.PA 

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