Decision to increase share capital in connection with a scrip dividend charged to capital reserves
Shareholders at the Annual General Meeting of Compagnie Financière Tradition SA held on 10 May 2012, in addition to approving the company and group annual accounts, approved a dividend of CHF 4 per bearer share of CHF 2.50 nominal value. The total dividend payment of CHF 24,731,480 will be charged to free reserves.
Compagnie Financière Tradition shares will go ex-dividend on 14 May 2012.
The AGM decided that each shareholder could elect to receive this dividend in cash or in new Compagnie Financière Tradition bearer shares (scrip dividend), in accordance with and subject to the Board proposal published in the Swiss Official Gazette of Commerce on 19 April 2012.
The election period runs from Monday, 14 May 2012 to noon on Tuesday, 22 May 2012 (CET).
The issue price of the new bearer shares is set at CHF 60; 15 No 14 coupons will therefore be required to obtain one new share.
To enable payment of the dividend to shareholders who elect to receive new shares, the AGM voted to increase the present share capital by an amount not exceeding CHF 1,037,500, bringing the increased share capital to a maximum of CHF 16,494,675, by issuing up to 415,000 bearer shares with a nominal value of CHF 2.50 each. These shares will be fully paid up by conversion of the Company's available equity. The new shares will carry dividend rights from the 2012 financial year.
The issue prospectus, within the meaning of Section 652a of the Swiss Code of Obligations, will be published in the Swiss Official Gazette of Commerce on May 14, and on the Compagnie Financière Tradition SA website (www.tradition.com).
With a presence in 27 countries, Compagnie Financière Tradition SA is one of the world's leading interdealer brokers (IDB).The Group provides broking services for a complete range of financial products (money market products, bonds, interest rate, currency and credit derivatives, equities, equity derivatives, interest rate futures and index futures) and non-financial products (energy and environmental products, and precious metals).
Compagnie Financière Tradition (CFT) is listed on the SIX Swiss Exchange.For more information on our Group, please visit our website at www.viel.com.
Lausanne, 10 May 2012
Press contacts:
Compagnie Financière Tradition SA Rochat & Partners
Patrick Combes, President Philippe Dunant
Tel.: +41 21 343 52 87 Tel.: +41 22 718 37 42
