Tetragon Declares First Quarter 2025 Dividend: Key Dates and Options
Tetragon‘s Board of Directors declared a dividend of U.S. $0.11 (11.00 cents) per share for the first quarter of 2025. Shareholders have the option to receive this dividend in cash or Tetragon shares. This article provides key details on the important dates, dividend options, and conversion rates.
Dates:
- Ex-Dividend Date: May 5, 2025
- Record Date: May 6, 2025
- Dividend Payment Date: May 30, 2025
Dividend Options for Shareholders:
- Optional Stock Dividend Plan:
- Shareholders can elect to receive dividends in the form of Tetragon shares.
- To elect, shareholders must make their dividend share election by May 16, 2025.
- If no election is made, the dividend will be paid in cash.
- Cash Dividend:
- Cash dividends will be paid in U.S. dollars to shareholders who do not make an election.
- Alternatively, shareholders can choose to receive their dividend in Sterling by making a dividend currency election by May 16, 2025.
Stock Dividend Conversion Ratio:
- The reference price for shares delivered in lieu of cash is U.S. $13.16.
- This results in a conversion ratio of one newly issued share for every 119.64 dividend rights held.
- The reference price is based on the volume-weighted average price of a non-voting share on Euronext Amsterdam N.V. during the trading period from May 5 to May 9, 2025.
Tetragon’s dividend declaration provides flexibility for shareholders to receive either cash or shares, with detailed instructions and options available on their website. Shareholders interested in the Optional Stock Dividend Plan or changing their dividend currency should ensure their elections are made by May 16, 2025.
