CTP N.V. Announces Scrip Take-up and Conversion Ratio of 2023 Final Dividend

AMSTERDAM--(BUSINESS WIRE)--Regulatory News:

CTP N.V. (‘CTP’ or the ‘Company’), Europe’s largest listed owner, developer and manager of logistics and industrial real estate by gross lettable area, today announces the scrip take-up and conversion ratio of its 2023 final dividend.

The 2023 final dividend amounted to €0.275 per ordinary share. Shareholders were given the choice to receive the dividend either in cash or in shares, with the share fraction for the dividend based on the volume-weighted average price (VWAP) of the Company’s shares on Euronext Amsterdam of the last three trading days of the election period, ending on 15 May 2024 (including).

The number of dividend rights that entitles to 1 new ordinary share has been set at 60.48. The share dividend corresponds to the cash dividend of €0.275 per ordinary share.

Shareholders representing 33.57% of the total number of outstanding ordinary shares have chosen to receive the dividend in cash, while shareholders representing 66.43% of the total number of outstanding ordinary shares opted for payment in shares.

After payment of the dividend by way of delivery of the ordinary shares, the total number of issued and outstanding ordinary shares will increase by 4,923,602 to a total of 453,226,903 ordinary shares. The ordinary shares to be delivered as payment have a nominal value of €0.16 per share, are fully fungible with the Company's issued ordinary shares and will be listed and admitted to trading on Euronext Amsterdam. The payment date for the dividend payment in cash and delivery of the ordinary shares will be 20 May 2024.

About CTP

CTP is Europe’s largest listed owner, developer, and manager of logistics and industrial real estate by gross lettable area, owning 12.0 million sqm of GLA across 10 countries as at 31 March 2024. CTP certifies all new buildings to BREEAM Very good or better and earned a ‘Low-Risk’ ESG rating by Sustainalytics, underlining its commitment to being a sustainable business. For more information, visit CTP’s corporate website: www.ctp.eu