Results of the option to receive 2015 dividend payment in the form of shares
Vélizy-Villacoublay, France – June 22, 2016 — Dassault Systèmes (Euronext Paris: #13065, DSY.PA), the 3DEXPERIENCE Company, announces that the shareholders of Dassault Systèmes (the “Company”) who have chosen the payment of the 2015 dividend in the form of new Dassault Systèmes shares represented 16.27% of Dassault Systèmes’ shares
The General Meeting decided on May 26, 2016 to pay a dividend for 2015 fiscal year amounting to 47 cent per share and to offer each shareholder an option to receive in whole or in part, payment of his dividend in the form of new Dassault Systèmes’ shares. The issuance price of the new shares has been set at €68.40, corresponding to the average of the closing prices quoted on the regulated market of Euronext Paris during the 20 stock exchange sessions preceding the General Meeting of Shareholders, less the net amount of the dividend of 47 cent per share.
Regarding the payment of the dividend in the form of shares, 280,734 new ordinary Dassault Systèmes’ shares (with a nominal value of €0.50 each) will be issued, representing 0.11% of the share capital and 0.07% of the Dassault Systèmes’ (unadjusted) voting rights calculated on the basis of the share capital and voting rights on May 31, 2016.
The new shares will be delivered on June 24, 2016 and listed on Euronext Paris on the same day. They will be eligible for dividends with respect to the period starting from January 1, 2016.
They will be of the same category and carry the same rights as the ordinary shares of the Company which are already listed on the regulated market of Euronext Paris (Compartiment A - ISIN Code FR0000130650 – DSY).
Shareholders who have not chosen payment of dividends in shares before the end of the option period or who have chosen only partial payment, will receive the dividend in cash for the portion for which payment in shares was not chosen on June 24, 2016.
This press release along with the press release dated May 27, 2016, constitutes the information document required pursuant to the articles 212-4 4° and 212-5 5° of the French Financial Markets Authority (AMF) General Regulations as well as article 13 and Annex III of the revised AMF Instruction n° 2005-11 as of December 13, 2005.
This press release does not constitute an offer of securities. This press release and any other document relating to the payment of dividends in shares may only be published outside France in conformity with applicable local laws and regulations and shall not constitute an offer for securities in jurisdiction where such an offer would violate applicable local laws.
The option to receive payment of the dividend for 2015 in the form of new Company’s shares is not available to shareholders residing in a country where such option would require registration or authorization by local market authorities. Shareholders residing outside France must inquire of any restrictions which may apply under the local law and comply therewith. In any event, this option is open to the shareholders residing in a Member State of the European Union, in the United States, in Brunei, Canada, Hong-Kong, Japan, Norway, Saudi Arabia, Singapore, South Korea and Switzerland. Orders issued from other countries would not be accepted.
The shareholders should perform the formalities involved by the applicable law in their jurisdiction. The shareholders are invited to study their personal situation with their own counsels regarding the tax aspects involved by the payment of the dividend in the form of shares. In particular, this press release has not been reviewed by a regulation authority in Hong Kong and shall be carefully considered.
The shares issued upon exercise of the option to receive payment of the dividend in the form of shares have not been and will not be registered in Japan pursuant to Paragraph 1 of Article 4 of the Financial Instruments and Exchange Act of Japan (Act No. 25 of 1948, as amended, the "FIEA") in reliance upon the exemption from the registration requirements since the offering constitutes a small number private placement as provided for in "ha" of Article 2, Paragraph 3, Item 2 of the FIEA.
In case of any question regarding the matters of this press release, the shareholders are required to be advised by their own counsels.
The risks involved by an equity investment shall be considered by the shareholders if they choose or not to receive payment of the dividend in the form of shares. For further information regarding the Company, its activity, its strategy, its financial results and the risks relating to its activity, please refer to the “Risk Factors” paragraph of the 2015 Annual Report of the Company (available on the website of the company and at the registered office of the Company).