News Column

Sale of Shareholding in CFI-Image and Special Dividend

July 3, 2014



PR Newswire/Les Echos/ SALE OF 95% SHAREHOLDING IN CFI-IMAGE COMPLETED SPECIAL DIVIDEND PAYMENT IN JULY 2014Paris, 2 July 2014. The sale of CFI's 95% shareholding in CFI-Image to the UGC group, for which an agreement subject to conditions precedent had been signed on 16 May 2014(1), was completed on 30 June 2014. In conjunction with the sale, CFI refinanced the EUR 6.656 million outstanding balance on the bank borrowings of its subsidiary SCI Bordeaux Image through the immediate re-use of a portion of free cash. As planned, the Extraordinary General Meeting called for 4 July 2014 will vote on a proposal to reduce CFI's capital by an amount of EUR 10.626 million (or EUR 12.44 per share), corresponding to a repayment of part of the initial share capital. The shareholders will also be asked, in the second resolution of the meeting, to approve an early closing date as of 31 July 2014 for the current financial year. If this resolution is adopted, the Company will not release any interim financial statements as of 30 June 2014, given the advanced closing date for the current financial year accounts of 31 July 2014. A Board of Directors' meeting has also been called for 8 July 2014 for the main purpose of approving the payment of an interim dividend related to the capital gain arising from the sale, payable in the course of July 2014. Investor relations: contact@cfi-france.com Tel. 33(1)01 40 07 81 03 (1) See press release dated 19 May 2014 72, rue du Faubourg Saint HonorÉ 75008 Paris / Tel. 01 40 07 81 03 / Fax. 01 40 07 85 12 / www.cfi-france.com SociÉtÉ par Actions SimplifiÉe with capital of 25,626,720 euros / Paris Companies Register no. 542 033 295 / FR 45 542 033 295 The content and accuracy of news releases published on this site and/or distributed by PR Newswire or its partners are the sole responsibility of the originating company or organisation. Whilst every effort is made to ensure the accuracy of our services, such releases are not actively monitored or reviewed by PR Newswire or its partners and under no circumstances shall PR Newswire or its partners be liable for any loss or damage resulting from the use of such information. All information should be checked prior to publication.




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Source: PR Newswire TOD Wire


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