REXEL : REXEL : TERMS AND CONDITION FOR THE PAYMENT OF THE DIVIDEND IN SHARES
OR IN CASH
TERMS AND CONDITION FOR THE PAYMENT
OF THE DIVIDEND IN SHARES OR IN CASH
The Management Board of Rexel has decided to submit to Rexel's annual meeting
of shareholders; that will meet on May 22, 2013, to distribute a dividend of
€0.75 per share.
The Management Board of Rexel has also submitted to Rexel's annual meeting of
shareholders a resolution in order to offer to each shareholder the choice of
opting for the payment of the dividend either in cash or in new shares of
The shareholders can exercise their option from May 31, 2013 (inclusive) to
June 21, 2013 (inclusive) upon request to the concerned financial
intermediaries. In the event of the absence of exercise of the option before
June 21, 2013 (inclusive), the dividend will be paid only in cash.
The choice will apply to the full dividend amount for which this choice is
If the option is exercised, the price of the new shares issued for the payment
of the dividend will represent 90% of the average opening stock prices over
the twenty trading days preceding the date of the annual meeting, less the net
amount of dividend decided by the Annual Meeting.
If the dividend amount to which a shareholder is entitled is not equal to a
whole number of shares, the shareholder will receive the next lower whole
number of shares along with a cash payment for the difference, which
corresponds to the difference between the amount of dividends for which the
option is made and the subscription price of the next lower whole number of
The new shares issued as payment for the dividend, in the event the option is
exercised, will be the object of an application for admission to trading on
the NYSE Euronext market in Paris. They will be subject to Rexel's article of
association and will carry rights from January 1, 2013. Consequently, from
their issuance, they will be entirely assimilated to ordinary shares composing
Rexel's share capital (FR0010451203-RXL).
The record date is May 30, 2013 and the ex-dividend date is May 31, 2013. The
payment in cash or the delivery of the new shares when the option is exercised
will be carried out from July 2, 2013.
This press release constitutes the information document required in
application of articles 212-4 (§4) and 212-5 (§5) of the General Regulations
of the Autorité des marchés financiers and of article 13 of guideline 2005-11
of December 13, 2005 as amended.
This press release does not constitute a tender offer for securities. This
press release and any other document concerning the payment of dividend in
shares shall not be published outside France unless in accordance with local
laws and regulations and shall not constitute an offer for securities in
countries where such offer would violate applicable laws and regulations.
The stock dividend election described herein is not available to shareholders
in Australia, Japan or any country in which such election would require the
registration with, or approval by, local securities regulators.Shareholders
are required to inform themselves of any election conditions that may apply
under their local law.In deciding whether to make an election to receive
shares, shareholders should consider the risks associated with an investment
in shares.For further information regarding the Company, its business, its
strategy, its financial results and the risks it faces, please refer to the
section "Risk Factors" in Rexel's Annual Report (which is available on
Rexel, a global leader in the distribution of sustainable and innovative
products and services for automation, technical supply and energy management,
addresses three main markets - industrial, commercial and residential. The
Group supports customers around the globe, wherever they are, to create value
and run their business better. With a network of some 2,300 branches in 37
countries, and over 31,000 employees, Rexel's sales were €13.4 billion in
2012. Its major shareholders are an investor group led by Clayton, Dubilier &
Rice, Eurazeo and BAML Capital Partners.
Rexel is listed on the Eurolist market of Euronext Paris (compartment A,
ticker RXL, ISIN code FR0010451203). It is included in the following indices:
SBF 120, CAC Mid 100, CAC AllTrade, CAC AllShares, FTSE EuroMid, FTSE4Good,
STOXX600, STOXX Europe Sustainability and ASPI Eurozone.
For further information, please contact:
Financial Analysts / Investors Press
Marc Maillet Pénélope Linage
+33 1 42 85 76 12 +33 1 42 85 76 28
Florence Meilhac Brunswick
+33 1 42 85 57 61 Thomas Kamm
firstname.lastname@example.org +33 1 53 96 83 92
Terms and condition for the payment of the dividend
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applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: REXEL via Thomson Reuters ONE
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