Scrip dividend for the financial year 2011: Announcement of number of new Credit Suisse Group AG shares to be issued
Credit Suisse Group AG today announced the issuance of 24,195,537 new shares as a result of the scrip dividend elections, representing 1.9% of the Credit Suisse Group AG share capital currently issued.
The election period during which eligible shareholders could make their election on how to receive their distribution for the financial year 2011 ended on May 18, 2012 (17:00 CEST). During the election period, 604,888,425 election rights were exercised for the receipt of new Credit Suisse Group AG shares. This results in 24,195,537 new Credit Suisse Group AG shares to be issued out of authorized capital, representing 1.9% of the share capital of Credit Suisse Group AG currently issued.
48% of the distribution for the financial year 2011 will be paid in new shares of Credit Suisse Group AG. Election rights not exercised for the receipt of new Credit Suisse Group AG shares during the election period will be paid out in cash in the amount of CHF 0.75 per registered share.
The delivery and listing of the new Credit Suisse Group AG shares as well as the payment of the cash distribution is expected to occur on May 23, 2012.
This press release does not constitute an offer to sell or an invitation to subscribe for, or the solicitation of an offer to buy or subscribe for, securities of Credit Suisse Group AG nor shall it (or any part of it) or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefor. This press release does not constitute a prospectus within the meaning of any applicable law.