Announcement determination of stock dividend ratio
Cryo-Save Group N.V. (Euronext: CRYO, ‘Cryo-Save’, or ‘the Group’), the leading international family stem cell bank, announced today the determination of the stock ratio of the dividend for the year ended 31 December 2010 as approved by the Annual General Meeting of Shareholders on 18 May 2011.
The average price during the period 20 May 2011 up to and including 3 June 2011 was € 5.07. The number of dividend rights giving entitlement to one Cryo-Save Group N.V. share has on 3 June 2011 (after market) been set at 72 (or at the choice of the banks or stockbroker where a shareholder holds its shares 7,200 dividend rights gives entitlement to 100 shares). Payment of stock dividend is only made in whole shares; fractions of shares are settled in cash.
The Group announces that shareholders wish to receive a distribution in shares for 29% of the total dividend.
The cash distribution will be payable and the shares will be delivered as per 16 June 2011.
In this context a total of approximately 37,000 shares will be issued, charged to the share premium reserve, representing a Euro equivalent of approximately €187,000. The cash dividend will amount to €463,000 before withholding 15% dividend withholding tax.
Paying Agent: Kempen & Co N.V.
+ 31 (0) 575 548 998
Arnoud van Tulder, Chief Executive Officer
SPJ Financiële Communicatie (The Netherlands)
+ 31 (0)20 647 8181
Kees Jongsma/Leon Melens
Daniel Stewart & Company plc (UK)
+ 44 (0) 20 7776 6550
College Hill (UK)
+ 44 (0) 20 7457 2020
Rozi Morris/ Adrian Duffield
Kempen & Co N.V.
+ 31 (0) 20 348 9554
Capita registrars (UK)
+ 44 (0) 14 8460 0931
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