Payment of 50% of Alstom dividends in shares

  •   31/08/2021 - 08h33
  •   HARMANT Adeline

The French group Alstom released two interesting news this morning. Firstly, its general meeting decided to give shareholders the choice of a cash or new share payment of the 2021 dividend. This morning, we also learned that the first hydrogen train in Sweden has been put into service for the group. Let's review these two major news.

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Payment of 50% of Alstom dividends in shares

Half of Alstom's dividend paid in new shares:

First of all, the most important data concerning the Alstom group concerns the general meeting of the group which gave the choice to each shareholder to receive the payment of the dividend for the financial year 2020/2021 and the amount of which is 0.25 euros gross per share, between a payment in cash or a payment in new shares.

It should be noted that the issue price of the new shares issued in payment of this dividend was set on July 28, 2010 at 34.21 euros. Following this decision, an option period was opened from 4 to 25 August 2021 inclusive. It is thus after the closing of this decision period that 51.58% of the rights were exercised in favour of the payment in new shares of the dividend concerning the financial year 2020/21.

As a result, a total of 1,401,876 new shares will be issued, representing 0.38% of the company's capital based on the capital existing on 31 July 2021.

As for the amount of the dividend to be paid in cash to shareholders who have not opted for this method of payment in shares for the financial year 2020/21, it amounts to a total of 45,016,395.50 euros. This will be paid from 31 August 2021.

 

Launch of the first hydrogen train for Alstom in Sweden:

Also during this first session of the week, we learn that Alstom's first hydrogen train, the Coradia iLint, has just made its launch and first steps in Östersund, Sweden. On the occasion of this launch, the French railway manufacturer met with various local actors, regions and governments in order to highlight the potential of its technology.

The train in question, the Coradia iLint, was designed specifically for use on non-electrified lines and offers performances similar to those of the Coradia iLint.the train in question, the Coradia iLint, was designed specifically for use on non-electrified lines and offers performances similar to those of a conventional TER with a top speed of 140 km/h, a transport capacity of 300 passengers and a range of 1,000 kilometres.

Remember that Sweden is not the first country to welcome this train as two other hydrogen-powered trains from Alstom entered service in 2018 in Germany and have already covered more than 100,000 km. Today, 41 trainsets have been ordered in Germany. The group has also carried out successful trials in Austria and the Netherlands and has confirmed an order in Italy for 20 trainsets with the operator FNM.