Recticel announces that on 29 June 2020 its share capital has been increased following the exercise of (i) 26,000 warrants of the warrant plan issued on 23 June 2015 and (ii) 30,000 warrants of the warrant plan issued on 29 April 2016. This resulted in the issuance of 56,000 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 02 July 2020.
Recticel announces that on 28 May 2020 its share capital has been increased following the exercise of (i) 81,981 warrants of the warrant plan issued on 29 April 2014 and (ii) 3,000 warrants of the warrant plan issued on 23 June 2015. This resulted in the issuance of 84,981 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 03 June 2020.
At the Annual General Shareholders’ Meeting of Recticel, which took place this morning, all proposed resolutions on the agenda(1) of the Ordinary General Meeting were approved.
Recticel will distribute a gross dividend of EUR 0.24 per share, which will be paid on 02 June 2020.
- Combined sales decreased by 6.2%
- Total combined net financial debt: EUR 246.9 million, including impact of IFRS 16 (31 December 2019: EUR 227.5 million; 30 March 2019: EUR 251.6 million)
Olivier Chapelle (CEO): “
Compared to the first quarter of 2019, our top-line decreased by 6.2% as the first negative consequences of the COVID-19 crisis became apparent in February in China and as from mid-March in Europe.
The Agenda, Proxy and Access Documents for the Ordinary and Extraordinary General Meeting of 26 May 2020 are available for download on the General Meetings page of our website.
In response to the COVID-19 outbreak our first concern has been to take all necessary precautionary measures to keep our employees healthy and ensuring a safe workplace. Recticel has implemented strict behavioral and precautionary measures, in line with the recommendations issued by the governments of the countries in which it operates and by the World Health Organization, in order to minimize contamination risks.
COVID-19 impact on Recticel operations