French property company Klepierre said that its proposed payment of the 2008 dividend in shares was widely accepted by shareholders with around 86.4% of all voting rights being exercised in favour of this option.
French property company Klepierre said that its proposed payment of the 2008 dividend in shares was widely accepted by shareholders with around 86.4% of all voting rights being exercised in favour of this option.
Last month Klépierre's shareholders approved the payout of a 2008 dividend of EUR 1.25 per share, to be paid in cash or in shares. With a majority of shareholders now opting to take the dividend in shares, Klépierre will be able to increase its shareholders' equity by EUR 175.4 mln via the issuance of almost 16 million new shares, representing 9.5% of its total equity capital).
The cash payout came to EUR 27.6 mln, payable on May 15, 2009.
