ARGAN: Minutes of General meeting – March 21, 2024
March 22 2024 - 3:30AM
ARGAN: Minutes of General meeting – March 21, 2024
Press release – Friday, March 22, 2024 – 8.30
am
General Meeting ARGAN - March 21,
2024
Dividend 2023: €3.15/share
(+5%)
with the option for the payment of the
dividend in shares
The general meeting of ARGAN's
shareholders was held on Thursday, March 21, 2024 at the Salons
Hoche in Paris.
The total number of existing shares was
23,092,378 for a total number of voting rights of 23,076,514. At
this General Meeting, the shareholders present, duly represented,
having validly given proxy to the Chairman or voted by
correspondence, together held 19,050,645 shares and as many voting
rights, i.e. 82.6% of the total.
The Combined General Meeting of Shareholders
approved all the proposed resolutions, including:
- Resolution n°4 providing for the distribution
of a dividend of €3.15/share;
- Resolution n°5 proposing the option for the
payment of the dividend in shares (on the totality of the dividend)
with a subscription price of €71.29 (95% of the average of the
opening price of the share during the 20 days prior to the General
Meeting minus the amount of the dividend); and
- The resolution n°14 concerning the renewal of
the mandate of Constance de Poncins as member of the Supervisory
Board.
The detachment of the coupon is
scheduled for March 27, 2024 and the payment of the dividend for
April 22, 2024.
The option for payment in shares must be
exercised from April 2 until April 16, 2024 included.
After this period, shareholders who have not opted for payment of
the dividend in shares will receive their dividend in cash.
For individual shareholders resident in France,
this dividend of €3.15:
- is deducted from the SIIC's
tax-exempt profits and is not eligible for the 40% allowance
referred to the Article 158-3-2° of the French General Tax Code up
to €1.53,
However, it is reminded that, for these same
shareholders and except in special situations, this dividend will
be fully subject to the flat-tax of 30% and will only be subject to
the income tax scale, with the application of the aforementioned
40% allowance, in the event that certain shareholders make an
option to do so when filing their annual income tax return.
- constitutes a reimbursement of a
contribution of €1.62.
The full minutes of the General Meeting
of March 21, 2024 are available on the company's
website.
2024 financial calendar (Publication of the
press release after closing of the stock exchange)
- April 2: Net sales of 1st quarter 2024
- July 1: Net sales of 2nd quarter 2024
- July 24: Half-year results 2024
- October 1: Net sales of 3rd quarter 2024
2025 financial calendar (Publication of the
press release after closing of the stock exchange)
- January 3: Net sales of 4th quarter 2024
- January 16: Annual results 2024
- March 20: General Assembly 2025
About ARGAN
ARGAN is the only French real
estate company specializing in the DEVELOPMENT & RENTAL OF
PREMIUM WAREHOUSES listed on EURONEXT and is the leading player of
its market. Building on a unique client-tenant-centric approach,
ARGAN builds pre-let PREMIUM warehouses for blue-chip clients and
supports them throughout all project phases from the development
milestones to the rental management.Profitability, tight control
over our debt and sustainability are at the heart of
ARGAN’s DNA. Its strongly proactive ESG policy has
very concrete results with our Aut0nom® concept, the “in-use” Net
Zero warehouse. As of today, our portfolio represents 3.6 million
sq.m, across about a hundred warehouses, exclusively located in the
continental part of France. This portfolio is valued €3.7 billion
as at December 31, 2023 for a yearly rental income of about €200
million in
2024. ARGAN is a
listed real estate investment company (French SIIC), on Compartment
A of Euronext Paris (ISIN FR0010481960 - ARG) and is included in
the Euronext SBF 120, CAC All-Share, EPRA Europe and IEIF SIIC
France indices.www.argan.fr
Francis
Albertinelli – CFO Aymar de Germay – General SecretarySamy Bensaid
– Head of Investor RelationsPhone: +33 1 47 47 47 40 E-mail:
contact@argan.frwww.argan.fr |
Marlène Brisset – Media relationsPhone: +33 6 59 42
29 35E-mail: argan@citigatedewerogerson.com |
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- 20240322 - Vote of resolutions ARGAN 2024 AGM
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