CTP N.V. announces conversion ratio of 2022 final stock dividend

AMSTERDAM, 16 May 2023 – CTP N.V. (‘CTP’ or the ‘Company’), Europe’s largest listed owner, developer and manager of logistics and industrial real estate by gross lettable area, today announces the conversion ratio of its 2022 final dividend.

The final dividend for the 2022 financial year amounted to €0.23 per ordinary share. Shareholders were given the choice to receive the dividend either in cash or in shares, with the stock fraction for the dividend 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 15 May 2023 (including).

The number of dividend rights that entitles to 1 new ordinary share has been set at 51.42. The stock dividend corresponds to the cash dividend of €0.23 per ordinary share.

Shareholders representing approximately 74% of the total number of outstanding ordinary shares have chosen to receive the dividend in cash, while shareholders representing approximately 26% of the total number of outstanding ordinary shares opted for payment in stock.

After payment of the dividend by way of delivery of the ordinary shares, the total number of issued and outstanding ordinary shares will increase by 2,221,102 to a total of 446,321,651 ordinary shares. The ordinary shares to be delivered as payment have a nominal value of €0.16 per share, are fully fungible with the Company’s issued ordinary shares and will be listed and admitted to trading on Euronext Amsterdam. The payment date for the dividend payment in cash and delivery of the ordinary shares will be 18 May 2023.

CONTACT DETAILS FOR ANALYST AND INVESTOR ENQUIRIES

 CTP
Maarten Otte
Head of Investor Relations
Mobile: +420 730 197 500
Email: maarten.otte@ctp.eu

CONTACT DETAILS FOR MEDIA ENQUIRIES:

CTP
Patryk Statkiewicz
Group Head of Marketing & PR
Mobile: +31 6 29 59 61 19
Email: patryk.statkiewicz@ctp.eu

About CTP
CTP Europe’s largest listed owner, developer, and manager of logistics and industrial real estate by gross lettable area, owning 10.9 million sqm of GLA across 10 countries as at 31 March 2023. CTP certifies all new buildings to BREEAM Very good or better and earned a ‘Low-Risk’ ESG rating by Sustainalytics, underlining its commitment to being a sustainable business. For more information, visit CTP’s corporate website: ctp.eu