Press release
Capital increase through exercise of warrants
Disclosure in accordance with the provisions of the Act of 2 May 2007
Recticel announces that on 29 September 2017 its share capital has been increased following the exercise of (i) 69,355 warrants of the warrant plan issued on 22 December 2011 and (ii) 7,580 warrants of the warrant plan issued on 20 December 2012. This resulted in the issuance of 76,935 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 02 October 2017.
This results in the following overview:
| before | current | |
| Total subscribed capital (in EUR) | 136 373 855 | 136 566 193 |
| Total number of shares in issue (with voting rights) | 54 549 542 | 54 626 477 |
| Total number of outstanding warrants1 | 2 584 674 | 2 507 739 |
(1) Each warrant entitles the holder to subscribe to 1 new ordinary share.
Financial calendar
| Third quarter 2017 trading update | 31.10.2017 (at 07:00 AM CET) |
| Annual Results 2017 | 23.02.2018 (at 07:00 AM CET) |
| First quarter 2018 trading update | 26.04.2018 (at 07:00 AM CET) |
| Annual General Meeting | 30.05.2018 (at 10.00 u CET) |
| First half-year 2018 results | 31.08.2018 (at 07:00 AM CET) |
| Third quarter 2018 trading update | 31.10.2018 (at 07:00 AM CET) |
For additional information
RECTICEL - Olympiadenlaan 2, B-1140 Brussels (Evere)
Press:
Mr Olivier Chapelle
Tel: +32 2 775 18 01
chapelle.olivier@recticel.com
Investor relations:
Mr Michel De Smedt
Mobile: +32 479 91 11 38
desmedt.michel@recticel.com
Recticel in a nutshell
Recticel is a Belgian Group with a strong European dimension, but it also operates in the rest of the world. Recticel employs 7,925 people in 98 establishments in 28 countries.
Recticel contributes to daily comfort with foam filling for seats, mattresses and slat bases of top brands, insulation material, interior comfort for cars and an extensive range of other industrial and domestic applications.
Recticel is the Group behind well-known bedding brands (Beka®, Lattoflex®, Literie Bultex®, Schlaraffia®, Sembella®, Swissflex®, Superba®, Ubica®, etc.) and GELTEX® inside. Within the Insulation sub-segment high-quality thermal insulation products are marketed under the well-known brands Eurowall®, Powerroof®, Powerdeck®, Powerwall® and Xentro®. Technological progress and innovation have led to breakthrough at the biggest names in the Automotive industry thanks to Colo-Fast®, Colo-Sense® and Colo-Sense Lite®.
In 2016 Recticel achieved combined sales of EUR 1.35 billion (IFRS 11 consolidated sales: EUR 1.05 billion).
Recticel (Euronext: REC – Reuters: RECTt.BR – Bloomberg: REC:BB) is listed on Euronext in Brussels.
