Les Moulins de la Concorde to Distribute Livestock Feed Shares as Dividend

Les Moulins de la Concorde Ltdée (LMLC) has announced its decision to distribute its ordinary shares in Livestock Feed Limited as a dividend in specie to its ordinary shareholders.

Shareholders registered with LMLC as of October 9, 2023, will receive 0.5385 ordinary shares of Livestock Feed Limited for each LMLC ordinary share held.

For usufruct-held shares, the bare owner will maintain ownership of the shares slated for distribution.

The allocation of Livestock Feed Limited ordinary shares will be rounded down to the nearest whole number, and fractional shares will be consolidated and sold on the market.

The resulting proceeds will then be distributed in cash to respective shareholders based on their entitled share fractions.

The issuance of Livestock Feed Limited ordinary shares to LMLC’s ordinary shareholders is anticipated to conclude by the end of January 2024.

Source: Stock Exchange of Mauritius