MRM: reverse stock split and dividend











Photo credit © Reuters


(Boursier.com) — On the occasion of the publication of its annual results, MRM indicates that, during its meeting of February 24, its Board of Directors decided to implement a consolidation of the shares making up the company’s capital.

This consolidation of shares will be carried out at the rate of 20 existing shares with a nominal value of 1 euro against 1 new share with a nominal value of 20 euros,

The consolidation operation will begin on March 21 and will end on April 20, 2022, the first day of listing for the new shares.

Dividend

In addition, MRM’s Board of Directors has decided to propose a distribution of €0.09 per share (€1.8 per share post-consolidation) for the 2021 financial year, compared to a limited distribution of €0.05 per share for the 2020 financial year.

This distribution represents a return of 7.1% on the share price. It will be composed of a dividend distribution for 1.13 euro per share post-consolidation and a distribution of bonuses for 0.67 euro per share post-consolidation.

This distribution will be subject to the approval of the General Meeting of June 9, 2022. The date scheduled for the detachment of the coupon is June 13, for payment on June 15.


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