Following the dividend announcement relating to the dividend for the 2011 financial year of 19 April 2012, Koninklijke Ten Cate nv hereby announces that the number of dividend rights in order to obtain one new ordinary share has been set at 22 dividend rights of ordinary shares with a nominal value of € 2.50 each.
The volume weighted average share price of 7, 8, 9, 10, 11 and 14 May 2012 was EUR 21.2610 per ordinary share and was used as basis for the determination of 22 dividend rights for 1 new ordinary share.
On the basis of this price 1/22th part of an ordinary share represents a value of EUR 0.9664 which is 1.73% more than the value of the cash dividend of EUR 0.95 per share.
Payment of the cash dividend and the delivery of the ordinary shares following the exchange of dividend rights will occur as of 16 May 2012 via the bank or broker where your shares are administrated.
For the new ordinary shares, which will be issued as a result of the stock dividend, a request for admission will be submitted to NYSE Euronext in Amsterdam in accordance with Article 5:4 sub (e) of the Act on Financial Supervision.
Almelo, 15 May 2012