Compagnie Financière Tradition: Stock dividend proposed at the Annual General Meeting on May 25, 2023
Ad hoc announcement pursuant
Lausanne, 24 May 2023
Stock dividend proposed at the Annual General Meeting
on May 25, 2023
In accordance with the proposal of the Board of Directors, published in the Swiss Official Gazette of Commerce on April 27, 2023, the Annual General Meeting of Compagnie Financière Tradition SA to be held on May 25, 2023 at 3.30 pm is to approve (i) the company and group accounts for the 2022 financial year and (ii) the payment of a dividend.
The Board has proposed a dividend consisting (i) of a cash payment of a gross amount of CHF 5.50 («cash dividend») per bearer share of CFT with a nominal value of CHF 2.50 («bearer share(s)») and (ii) a distribution of one bearer share for every 100 bearer shares held to be deducted from the available earnings.
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 25 April to 24 May 2023), less the gross amount of the cash dividend of CHF 5.50, i.e. CHF 113.90.
The taxable gross amount for the cash dividend is CHF 5.50 for every bearer share held and for the stock dividend CHF 1.14 (reference share price divided by 100) for every bearer share held.
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.
Compagnie Financière Tradition SA
+41 (0)21 343 52 87
+41 (0)22 591 22 63