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1
Gross dividend distributed in 2014 on the average annual share price.
2
Appreciation of the share price + dividend yield.
3
Dividends are subject to a 25% withholding tax.
4
Forecast.
5
Average calculated based on the number of trading days during which a volume
was recorded.
The preference share
The preference shares are listed on NYSE Euronext Brussels (tickers:
COFP1 for the series issued on 30.04.2004 and COFP2 for the series
issued on 26.05.2004). These shares are registered, have voting
rights and are convertible into ordinary shares since 01.05.2009, at
a rate of one for one.
During the financial year 2014, 2,197 preference shares were con-
verted into ordinary shares. At 31.12.2014, 686,485 non-converted
preference shares are still outstanding.
In 2019, Cofinimmo will have the possibility to purchase the
non-converted shares at their issue price (also see the section
“Capital structure” of the chapter “Corporate Governance Statement”
of this Annual Financial Report).
The convertible bonds
Cofinimmo issued two bonds convertible into ordinary shares.
ISIN BE0002176429 (Cofinimmo SA/NV 2011-2016)
2014
2013
2012
Market price (in % of the nominal amount of €116.60)
At close
103.10
102.75
102.30
Average
103.63
102.92
98.53
Yield to maturity (12-month average)
0.4%
0.5%
2.3%
Effective yield at issue
3.1%
3.1%
3.1%
Interest coupon (in %)
Gross (per €116.60)
3.13
3.13
3.13
Net (per €116.60)
2.34
2.34
2.34
Number of securities
1,486,332
1,486,332
1,486,332
Conversion price (in €)
116.60
116.60
116.60
COFP1
COFP2
ISIN BE0003811289 (COFP1)/ISIN BE0003813301 (COFP2)
2014
2013
2014
2013
Share price (in €)
At close
95.00
95.00
90.78
78.00
Average
94.80
95.00
86.22
84.71
Dividend yield
1
6.7%
6.7%
7.4%
7.5%
Gross return
2
(over 12 months)
6.7%
6.7%
23.8%
-1.9%
Dividend
3
(in €)
Gross
6.37
4
6.37
6.37
4
6.37
Net
4.78
4
4.78
4.78
4
4.78
Volume
Average daily volume
5
9
0
48
66
Annual volume
9
0
871
1,061
Number of shares
395,048
395,148
291,437
293,534
Market capitalisation at the end of the period (x €1,000)
37,530
37,539
26,457
22,896
ISIN BE6254178062 (Cofinimmo SA/NV 2013-2018)
2014
2013
2012
Market price (in €, the nominal amount being €108.17)
At close
114.90
110.56
N/A
Average
113.14
109.59
N/A
Yield to maturity (12-month average)
0.5%
1.5%
N/A
Effective yield at issue
2.0%
2.0%
N/A
Interest coupon (in %)
Gross (per €108.17)
2.00
2.00
N/A
Net (per €108.17)
1.50
1.50
N/A
Number of securities
1,764,268
1,764,268
N/A
Conversion price (in €)
104.23
108.17
N/A
123