CTP N.V. announces scrip take-up and conversion ratio of 2024 interim dividend
AMSTERDAM, 1 October 2024 – 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 scrip take-up and conversion ratio of its 2024 interim dividend.
The 2024 interim dividend amounted to €0.29 per ordinary share. Shareholders were given the choice to receive the dividend either in shares (default) or in cash, with the share 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 27 September 2024 (including).
The number of dividend rights that entitles to 1 new ordinary share has been set at 56.57. The share dividend corresponds to the cash dividend of €0.29 per ordinary share.
Shareholders representing 83.7% of the total number of outstanding ordinary shares have chosen to receive the dividend in cash, while shareholders representing 16.3% of the total number of outstanding ordinary shares opted for payment in shares.
66.0% of the free-float investors elected shares, while Remon Vos, the CEO and founder, elected cash to finance his participation in the recent Accelerated Bookbuilding (ABB).
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 1,308,658 to a total of 468,723,061 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 3 October 2024.
CONTACT DETAILS FOR ANALYST AND INVESTOR ENQUIRIES:
Maarten Otte, Head of Investor Relations
Mobile: +420 730 197 500
Email: maarten.otte@ctp.eu
CONTACT DETAILS FOR MEDIA ENQUIRIES:
Patryk Statkiewicz, Group Head of Marketing & PR
Mobile: +31 (0) 629 596 119
Email: patryk.statkiewicz@ctp.eu
About CTP
CTP is Europe’s largest listed owner, developer, and manager of logistics and industrial real estate by gross lettable area, owning 12.4 million sqm of GLA across 10 countries as at 30 June 2024. CTP certifies all new buildings to BREEAM Very good or better and earned a negligible-risk ESG rating by Sustainalytics, underlining its commitment to being a sustainable business. For more information, visit CTP’s corporate website: www.ctp.eu
Sign up to our newsletter
Stay up to date with CTP’s latest developments, industry insights, and exclusive offers by signing up for our newsletter. Join our community and be part of the future of industrial real estate.