Credit Suisse: 75.5 million shares to fund dividend

Credit Suisse will issue 75.5 million new shares to finance the optional dividend paid for the year 2015. The increase represents 3.8% of the current share capital. The price was fixed at 12.47 francs per title.

Shareholders have exercised almost 1.3 million option rights in favor of a dividend in the form of new shares. Yesterday it was the last day to choose the payment method, like a today's press release mentions.

The issue price was calculated on the basis of the reference price of the shares Credit Suisse, or 13.86 francs, less 10%. The distribution will take place on June 6th.