Kering: Puma share distribution effective today
(CercleFinance.com) - Kering has said that the distribution of Puma shares to its shareholders is effective as of today, the payment date of the dividend in kind.
This distribution is based on a parity of one Puma share for twelve Kering shares.
The luxury goods group states that at the end of this transaction it will retain 15.70% of Puma's share capital and 15.85% of its outstanding shares and voting rights. This stake will be accounted under the equity method in its financial statements.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
This distribution is based on a parity of one Puma share for twelve Kering shares.
The luxury goods group states that at the end of this transaction it will retain 15.70% of Puma's share capital and 15.85% of its outstanding shares and voting rights. This stake will be accounted under the equity method in its financial statements.
Copyright (c) 2018 CercleFinance.com. All rights reserved.