Announcement – CTP N.V. 2022 Dividend Declaration 220428
AMSTERDAM, 28 April 2022 – The General Meeting of CTP N.V. (ticker: CTPNV) (“CTP” or the “Company”) approved a final dividend of €0.18, payable on 9 June 2022 to shareholders on the register on 29 April 2022, the dividend record date. The ex-dividend date will be 28 April 2022.
Following the payment of this final dividend and the interim dividend of €0.17 per ordinary share paid on 22 September 2021, the Company will have paid a full year dividend of €0.35 per ordinary share in respect of the financial year 2021. The proposed full year dividend equates to 75% of Company Specific Adjusted EPRA Earnings1 and will be offered by way of a cash, after deduction of withholding tax if applicable, or shares, at the election of the shareholder.
Shareholders are requested to make their acceptance known through their custodian, bank, or stockbroker, who will communicate the preferred election to the Company’s Paying Agent, ING Bank N.V.. If no choice is made during the election period, the dividend will be paid by way of a scrip dividend, i.e. in CTP shares.
The stock fraction for the shares dividend will be based on the volume-weighted average price (VWAP) of the Company’s shares on Euronext Amsterdam of the last three trading days of the election period, ending on 18 May 2022. Rights to fractions of shares shall be paid in cash. The Company will announce the conversion ratio for the final dividend once determined.
A timetable of key events is provided below:
|28 April 2022||Ex-dividend before opening of business|
|29 April 2022||Record date dividend at close of business|
|2 May 2022||Start election period scrip or cash dividend|
|18 May 2022||End election period|
|19 May 2022||Press release of the dividend|
|9 June 2022||Payment date cash and new shares|
1 On 14% lower average numbers of shares outstanding (336 million during 2020, versus 383.4 million over 2021)
CONTACT DETAILS FOR ENQUIRIES:
|Sandra van Loon, Company Secretary||Jan-Evert Post, Head of Funding & Investor Relations|
|T: +31 6 81 50 47 85||T: +31 615 038 729|
|E: firstname.lastname@example.org||E: email@example.com|
CTP GroupCTP is Continental Europe’s largest owner, developer and manager of logistics and industrial real estate by gross lettable area, owning over 7.6 million sqm of space in ten countries per 31 December 2021. CTP is the only developer in the region with its entire portfolio BREEAM certified. In addition, CTP was certified carbon negative for its corporate operations over 2021, underlying its commitment to being a sustainable business. For more information visit our corporate website: www.ctp.eu