Compagnie Financière Tradition: Stock dividend proposed at the Annual General
Meeting on May 24, 2022 Ad hoc announcement pursuant
to Article 53 of the Six Exchange
Regulation Listing Rules Lausanne, 23 May 2022
Stock dividend proposed at the Annual General Meeting
on May 24, 2022
In accordance with and subject to the proposal of the Board of Directors,
published in the Swiss Official Gazette of Commerce on April 29, 2022 in
connection with the Annual General Meeting of Compagnie Financière Tradition SA
to be held on May 24, 2022 at 3.30 pm to approve the company and group accounts
for the 2021 financial year.
The Board has proposed the dividend consists (i) of a cash payment of a gross
amount of CHF 5.00 («cash dividend») per bearer share of CFT with a nominal
value of CHF 2.50 («bearer share(s)») and (ii) the distribution of one bearer
share for every 200 bearer shares held («stock dividend A») to be deducted from
the reserve from capital contribution, and (iii) one bearer share for every 200
shares held (“stock dividend B”) to be deducted from the general reserve
The reference share price corresponds to the average of the closing prices of
the bearer shares on SIX Swiss Exchange for the 20 trading days preceding the
date of the Annual General Meeting (i.e. from 26 April to 23 May 2022), less
the gross amount of the cash dividend of CHF 5.00, i.e. CHF 105.23.
The taxable gross amount for the cash dividend is CHF 5.00 for every bearer
share held and for the stock dividend B CHF 0.53 (reference share price divided
by 200) for every bearer share held. The stock dividend A is not subject to the
federal withholding tax.
The AGM of CFT on 24 May will resolve on stop issuing physical dividend
vouchers (coupons) on bearer shares. Going forward, dividends on bearer shares
may only be paid through the banking system if bearer shares are held as
book-entry securities.
Most holders currently already hold their bearer shares as book-entry
securities in a securities account with their bank. Only very few holders still
hold their bearer shares in physical form outside the banking system. Holders
who already keep their bearer shares in a securities account with their bank
are not affected by the proposed change and do not need to act.
Holders who keep their bearer shares outside the banking system are asked to
deliver their bearer shares (including remaining coupons, if any) to their bank
of choice as soon as practicable, but no later than by May 25, 2022, in order
to book the bearer shares into their existing securities account, or one to be
opened prior to the next dividend payment.
For bearer shares, which are not held as book-entry security by May 30, 2022,
which is the record date for the financial year 2021 dividend, the dividend on
bearer shares for financial year 2021 (as well as any other future dividends,
if any) will not automatically be serviced through the banking system but only
according to the applicable requirements of Swiss securities law. Holders of
bearer shares held in physical form should be aware that unpaid dividends
become time-barred within five years.
Compagnie Financière Tradition SA is one of the world's largest interdealer
brokers in over-the-counter financial and commodity related products.
Represented in over 30 countries, Compagnie Financière Tradition SA employs
more than 2,400 people globally and provides broking services for a complete
range of financial products (money market products, bonds, interest rate,
currency and credit derivatives, equities, equity derivatives, interest rate
futures and index futures) and non-financial products (energy and environmental
products, and precious metals). Compagnie Financière Tradition SA (CFT) is
listed on the SIX Swiss Exchange.
For more information, please visit www.tradition.com .
Patrick Combes, President Rohan Sant Compagnie Financière Tradition SA Voxia
communication +41 (0)21 343 52 87 +41 (0)22 591 22 63 actionnaire@tradition.ch
rohan.sant@voxia.ch
Anhang CFT - Communiqué presse Proposal Stock Dividend _EN
