Brief: Cabasse: Proposal For An Exceptional Dividend Through Distribution Of Shares

Veom SA

17/10/2022 06:07

Oct 17 (Reuters) - Cabasse Group SA  ALCG.PA :
    * PROPOSAL FOR AN EXCEPTIONAL DIVIDEND THROUGH DISTRIBUTION
OF
SHARES AND LISTING ON EURONEXT GROWTH OF SUBSIDIARY CABASSE
    * PROPOSED DISTRIBUTION RATIO: 1 CABASSE SHARE, WITH A BOOK
VALUE
OF EUR 9.42 FOR 5 CABASSE GROUP SHARES
    * OBJECTIVE OF +15% OF ANNUAL GROWTH ON AVERAGE OVER
2021-2025 AND
15% EBITDA MARGIN IN MID-TERM
    * PROPOSED DISTRIBUTION IN KIND OF 50.10% OF SHARE CAPITAL
OF
CABASSE TO SHAREHOLDERS OF CABASSE GROUP
    * REQUIRES LISTING OF CABASSE SHARES ON EURONEXT GROWTH IN
PARIS
    * PROPOSAL TO CHANGE CORPORATE NAME OF CABASSE GROUP TO VEOM
GROUP

Further company coverage:  ALCG.PA 
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