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.


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