Delisting of Dexia shares

Since 2 December 2019, the Dexia share is no longer traded on Euronext Brussels

The dematerialised form of Dexia shares has been cancelled and you have to request the registration of your shares in Dexia’s register of shares

Questions & Answers

When were Dexia shares removed from the Euronext Brussels regulated market?

Following the extraordinary shareholders’ meeting held on 16 October 2019, Dexia asked Euronext that the last day of trading be 29 November 2019. Euronext approved the delisting of the Dexia shares from the Euronext Brussels regulated market on 29 October 2019.

What are the consequences of the delisting?

Euronext approved the removal of the Dexia share from Euronext Brussels. The last trading day was Friday 29 November 2019 and the delisting took effect on Monday 2 December 2019.

Moreover, since 30 November 2019, the dematerialised form of Dexia shares has been cancelled and you have to request the registration of your shares in Dexia’s register of shares.

How do you proceed with such a registration?

You have to instruct the financial institution which keeps your securities account to request Euroclear Belgium to register your shares.

Your financial institution will itself request Euroclear Belgium, which keeps Dexia’s electronic register of registered shares, to register the shares in your name.

Upon the registration of your shares, you may ask Dexia for a certificate of your status as a Dexia shareholder specifying the number of shares registered in your name. This certificate is not transferrable.

To transfer registered shares to a third party, Dexia must be asked, either directly or via your financial institution, to register the shares registered in your name in Dexia’s share register in the name of the beneficiary of the transfer. This request must be signed by you and the beneficiary of the transfer, who must be fully identified. This request may be made in a single document or in two separate documents (see also the question “May I freely sell my registered shares?”).

Are any fees charged for the registration?

It is likely that the financial institution keeping your securities account will charge a fee to process your registration instruction.

What is the deadline for registration?

It is likely that the financial institution In principle, you have 30 years as of 30 November 2019 to register your shares.

However, do not delay your registration request because certain special regimes, such as the "plan d'épargne en actions (PEA)" in France, may require you to react diligently (the conversion of dematerialised shares into registered shares does not in principle result in the loss of the benefits of the PEA). If you have a PEA, please verify that the financial institution that manages your PEA accepts registered securities and whether it charges fees for registered shares in a PEA.

What are the consequences of the registration?

As from 30 November 2019, convening notices to Dexia's shareholders’ meetings will be sent individually to shareholders registered in the register, by post or by e-mail. Until the end of 2020, Dexia will still publish on its website its notices of convocation to its shareholders’ meetings, but it is no longer legally obliged to publish these notices via the press since its shares are no longer listed on a regulated market and the dematerialised form has been cancelled.

No custody fees are charged by Dexia for the registration of shares in its register.

May I freely sell my registered shares?

You remain free to sell your Dexia shares after registration.

Only shares that have been registered in Dexia’s share register may be offered for sale. If shareholders wish to sell their registered shares, they may do so directly to a counterparty (over-the-counter) or by offering their shares on a public auctions market for unlisted securities in Brussels, called Euronext Expert Market.

This market exists without request or approval from Dexia