Recticel announces that on 06 August 2018 its share capital has been increased following the exercise of (i) 4,177 warrants of the warrant plan issued on 03 December 2007 and (ii) 15,394 warrants of the warrant plan issued on 29 April 2014. This resulted in the issuance of 19,571 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 08 August 2018.
 

Disclosure in accordance with the provisions of the Act of 2 May 2007

Recticel announces that on 29 June 2018 its share capital has been increased following the exercise of (i) 4,177 warrants of the warrant plan issued on 03 December 2007 and (ii) 15,394 warrants of the warrant plan issued on 29 April 2014. This resulted in the issuance of 19,571 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 08 August 2018.

This results in the following overview:

Recticel announces that on 30 May 2018 its share capital has been increased following the exercise of (i) 36,993 warrants of the warrant plan issued on 03 December 2007 and (ii) 14,320 warrants of the warrant plan issued on 29 April 2014. This resulted in the issuance of 51,313 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 01 June 2018.

This results in the following overview:

On 30th May 2018, Recticel Flexible Foams opened a new facility in Wuxi. The site – which will operate a state-of-the-art polyurethane moulding line and converting facilities – reaffirms our commitment to further investment and expansion in China.

At the Annual General Shareholders’ Meeting of Recticel, which took place this morning, all proposed resolutions on the agenda⁽¹⁾ of the Ordinary General Shareholders’ Meeting were approved.

Recticel will distribute a gross dividend of EUR 0.22 per share, which will be paid on 01 June 2018.

The Meeting also:

Recticel announces that on 27 April 2018 its share capital has been increased following the exercise of (i) 17,900 warrants of the warrant plan issued on 02 May 2007, (ii) 3,580 warrants of the warrant plan issued on 03 December 2007 and (iii) 7,160 warrants of the warrant plan issued on 29 April 2014. This resulted in the issuance of 28,640 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 02 May 2018.

This results in the following overview:

"2017 has been another successful year for Recticel, despite significant headwinds and unforeseen impactful incidents. In that context, the Recticel organisation has displayed resolve and reactivity to improve its profitability, and generate a historically high net result.

• Combined sales growth of 4.6%, despite an adverse currency impact of -1.3%
• Further increases in chemical raw material prices lead to additional price adjustments
• Combined net financial debt: EUR 141.7 million

Olivier Chapelle (CEO): “We are satisfied with the overall sales growth generated during the first quarter of 2018, despite the harsh weather conditions that prevailed. The markets in which we operate have remained overall supportive, with exception of the United Kingdom.