In the press release of 20 April 2012 and the announcement regarding 'Payment of dividend of the financial year 2011' on Corio's website, shareholders were given the option to receive their dividend of € 2.76 per share for the financial year 2011 entirely in cash, less 15% dividend tax, or entirely in shares charged to the share premium reserve, with the restriction that due to the fiscal payment obligation and the wish of the company to retain cash, 50% of the total dividend will be paid in shares and 50% in cash.
The Management Board announces that shareholders wish to receive a distribution in cash for 60.24% of the total dividend. The shareholders who have opted for a distribution in cash will receive cash (less 15% dividend tax) dividend on a pro-rata (50/60.24 part) basis, with the remainder being paid out in shares.
The volume weighted average price of 14 May 2012 up to and including 21 May 2012 was € 32.71. The number of dividend rights giving entitlement to one Corio N.V. share has on 21 May 2012 (after market) been set at 11.85 (or at the choice of the banks or stockbroker where a shareholder holds its shares 1,185 dividend rights gives entitlement to 100 shares).
Payment of stock dividend is only made in whole shares; fractions of shares are settled in cash on opening price of 22 May 2012. Payment of the dividend in cash and transfer of the shares will take place on 23 May 2012.
In this context a total of approximately 3,893,699 shares will be issued, charged to the share premium reserve.
The above means that when a shareholder holds 10,000 Corio dividend rights and has opted for cash, that it will receive 50/60.24 part of 10,000 or 8,300 dividend rights the cash dividend (approx. € 22,908 less 15% dividend tax) and for 1,700 dividend rights the stock dividend, i.e approx. 143.46 Corio Shares.
Paying Agent: ABN AMRO Bank N.V., tel.+31 20 344 2000
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Corio NV via Thomson Reuters ONE
