Almere, 2 June 2014 - Today USG People N.V. set the conversion ratio for the 2013 stock dividend.
The General Meeting of Shareholders held on 8 May 2014 adopted the proposal to distribute a dividend in cash or in shares. The cash dividend was set at € 0.14 per ordinary share. The conversion ratio was determined based on the volume-weighted average price of all USG People N.V. shares listed on the Euronext Amsterdam stock exchange and traded on the exchange from 15 May 2014 to 2 June 2014, equalling € 10.9624.
The number of dividend rights giving entitlement to one new ordinary share in USG People N.V. with a nominal value of € 0.50 has been set at 78.302. The value of the stock dividend is virtually equal to the final cash dividend of € 0.14.
35,552,496 shares have been registered for the payment of stock dividend. This concerns 44.17% of all outstanding shares which are entitled to dividend over 2013. 454,043 new ordinary shares will be issued, bringing the total number of outstanding shares to 80,957,360.
Payment of the cash dividend and delivery of ordinary shares resulting from the conversion of dividend rights will be effected as from 5 June 2014. An application has been submitted under article 5:4(e) of the Dutch Financial Supervision Act for the new shares to be quoted on Euronext Amsterdam as from 5 June 2014. The new shares will carry dividend entitlement for the 2014 financial year and subsequent years.
For more information, please contact:
Leen Geirnaerdt, CFO
Telephone: +31 (0)36 529 95 07
Disclaimer
This press release is available in Dutch and English. In the event of ambiguities, the Dutch text shall prevail.
About USG People
With revenue of € 2.3 billion in 2013 USG People is one of the largest providers of HR services in Europe with established and recognisable national and international brands. Headquartered in the Dutch city of Almere, USG People is active in Belgium, France, Germany, Italy, Luxembourg, the Netherlands, Austria and Switzerland.
The brand portfolio of USG People comprises Start People, ASA, Call-IT, USG Restart, Vakcollege Groep (General Staffing) - Unique, Technicum, Secretary Plus, ASA, Creyf's (Specialist Staffing) - USG Engineering Professionals, USG Legal Professionals, USG Finance Professionals, USG Marketing, Communication & Sales Professionals, USG ICT Professionals, USG HR Professionals and USG Science Professionals, Adver-Online (Professionals).
USG People is listed on the Euronext Amsterdam stock exchange and is included in the Amsterdam Midcap Index (AMX).
For more information on USG People or any of its operating companies, please visit our website at www.usgpeople.com.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: USG People NV via Globenewswire
