This announcement is not intended for release, publication or distribution outside Belgium or in any jurisdiction where publication is not permitted without registration or qualification under the laws of the jurisdiction concerned.
Kortrijk, Belgium, 29 April 2021, 07.30 hrs - Subject to approval by the General Meeting of Shareholders of Barco NV of the gross dividend for the 2020 fiscal year of EUR 0.378 per share, the Board of Directors has decided to offer this dividend in the form of an optional dividend. For every 71 dividend rights (the “dividend rights”) that are contributed one new share can be subscribed, at the issue price of EUR 18.79.
Shareholders holding 71 dividend rights or a multiple thereof on 11 May 2021 can reinvest their dividends in the capital of Barco NV via subscription for one or more new shares in Barco NV. No additional cash payment can be made for missing dividend rights. The dividend right (ISIN BE6326982608) is not traded separately on Euronext Brussels.
Barco NV’s reference shareholders, Titan Baratto NV and 3D NV, have expressed the intention to reinvest 100% of the dividend rights held by them in the capital of Barco NV. This means that 23.65% of the number of shares made available via the optional dividend will already be subscribed.
As of 12 May 2021, shareholders have the option to contribute in kind their net dividends in the capital of Barco NV on the following conditions:
Holders of dematerialised shares (in a securities account) are invited to inform their financial institution of their decision and to follow the instructions of the financial institution for the recording of their preference.
Holders of registered shares should follow the instructions received by them by mail from Barco NV.
Shareholders who do not make their choice known or do not make it known in time will automatically receive the net dividend in cash as of 9 June 2021.
Shareholders wishing to take advantage of exemption from withholding tax should submit an application for this via their financial institution, which should forward this to KBC Bank by 18 June 2021 at the latest.
The information note is available on the www.barco.com website under “https://www.barco.com/en/about/corporate-governance#shareholder-meetings”.
The information note will also be made available on the websites of KBC Securities (www.kbcsecurities.com/prospectus-documents-overviews/prospectus-overview), KBC Bank (www.kbc.be/barco) and Bolero (www.bolero.be/nl/barco).
Principal paying agent for the optional dividend: KBC Securities, Avenue du Port/Havenlaan 2, 1080 Brussels.
Barco designs technology to enable bright outcomes around the world. Seeing beyond the image, we develop visualisation and collaboration solutions to help you work together, share insights, and wow audiences. Our focus is on three core markets: Enterprise (from meeting and control rooms to corporate spaces), Healthcare (from the radiology department to the operating room), and Entertainment (from movie theatres to live events and attractions). In 2020, we realised sales of 770 million euro. We have a global team of 3,300 employees, whose passion for technology is captured in 430 granted patents.
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