Eurocommercial Properties N.V. ("the Company") is once again offering holders of depositary receipts (representing 10 ordinary shares) the choice of a cash dividend or a stock dividend. Today the Company announced that the percentage of the scrip issue will be 6.67%. This means that those who take new depositary receipts from the share premium reserve, instead of the proposed cash dividend of € 1.43 per depositary receipt, will receive 1 (one) new depositary receipt, for each 15 (fifteen) depositary receipts held. These new depositary receipts will rank pari passu with pre-existing depositary receipts in respect of the financial year 2003/2004. Investors have until 21 November 2003 inclusive to make their choice known. If notification is not received by that date a cash dividend only will be payable. The new depositary receipts will be issued on 28 November 2003. The distribution proposal will be tabled in the Annual General Meeting of Shareholders to be held on 4 November 2003.
For additional information please contact:
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Jeremy Lewis |
+ 44 207925 7860 |
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Evert Jan van Garderen |
+ 31 20 530 6030 |
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Group offices:
London
4 Carlton Gardens London SW1Y 5AB Tel: 44(0) 20 7925 7860
Fax: 44(0) 20 7925 7888 |
Milan Piazza della Repubblica 30 20124 Milan Tel: 39 02 63 28 14 227 Fax: 39 02 29 00 00 53 |
Paris 10 Rue du Havre 75009 Paris Tel: 33 (0) 1 48 78 06 66 Fax: 33 (0) 1 48 78 79 22 |