Issue of cooperative 'E' shares by Cera

A share that pays out three times over (advertisment)

Issue of cooperative 'E' shares by Cera

A share that pays out three times over (advertisment)

Annual dividend and unique partner benefits

You have the prospect of an attractive annual dividend. In addition, you receive unique members' benefits, from discounts on top wines to a permanently cheaper phone contract, throughout the year.

Fast access via 'additional services' in KBC Mobile

Consulting or subscribing to your Cera shares is easy with KBC Mobile. Just like subscribing to the General Meeting or viewing and ordering your partner benefits.

Contribute to community projects

You help to create a positive impact on our society. That's because Cera supports over 500 community projects each year.

Cera intekenen

Cera. Investing together in prosperity and welfare
Along with around 400 000 members, Cera invests in the community and focuses on robust cooperation. By pooling resources, Cera and its members and partners create economic and societal added value in three ways:

  • As a key shareholder, Cera provides solid foundations for KBC Group
  • Cera has a positive impact on our society
  • Cera's members enjoy unique benefits

The cooperative values of F.W. Raiffeisen, cooperation, solidarity and respect for all, have formed the basis for Cera’s business for over a hundred years.

Cera. Deep roots, broad presence

What financial return can I expect?

The financial return on an investment in 'E' shares consists exclusively of dividends on these shares. Each year, the statutory director proposes a dividend to the Annual General Meeting. The dividend can vary from one year to another and may not exceed the maximum percentage per share set out in the accreditation conditions for the NCC. Since 1996, the maximum has been 6%. The statutory manager can also propose that no dividend be paid. Further information on the Cera dividend policy can be found in section 4.2.2.3 of the prospectus.

Performance of the cooperative dividend in the relevant tax year*

  2019 2018 2017 2016
Dividend** 3,25% 3 % 3 % 2,5 %

* Past dividends do not offer any guarantee for the future.
** Withholding tax of 30% will be deducted. For residents of Belgium, this can be set off againstthe personal income tax due (and, if necessary, have it reimbursed) via their income tax return, as long as the threshold of 800 euros in dividends per taxpayer per year is not exceeded. Non-residents can reclaim the withholding tax deducted via the income tax return for non residents. See section 4.2.2.4. of the prospectus for a complete overview of the tax treatment of the 'E' shares, as applicable on the date of the prospectus.

Practical details for subscribing to 'E' shares

Any private individual can subscribe to one or several E-shares during this issue. They can be either existing Cera members (holders of B, D and/or E shares) or people who are not yet Cera members. Subscription is possible at a statutory issue price of 50 euros per ‘E’ share, respecting the total statutory maximum of 100 'E' shares. It is possible to subscribe several times, even during the same issue period. There are no entry charges. The subscription period runs through 24 May 2021, subject to early closure. Once the issue is closed, Cera will announce the results of the offering on its website.

Subscriptions take place at the counters of KBC, KBC Brussels or CBC, via KBC Live, KBC Brussels Live or CBC Live or via the online applications of KBC, KBC Brussels or CBC. When subscribing via KBC Live, KBC Brussels Live, CBC Live or online, the would-be subscriber expressly requests that the subscription be carried out immediately and in full so that it cannot be revoked. The would-be subscriber also consents to precontractual or contractual information being provided via a durable medium other than paper.

What am I entitled to on withdrawal?

If you subsequently decide to alienate your 'E' shares, you are entitled to reimbursement of maximum the actually paid-up contribution of 50 euros per share. There are no exit charges. If you want to alienate your 'E' shares, you can do so during the first six months of every tax year (between 1 January and 30 June). In a number of specific statutory cases, the statutory director can suspend members' withdrawal requests or refuse voluntary withdrawals. It may not refuse withdrawal for speculative or arbitrary reasons. 'E' shares cannot be traded nor may they be transferred among living persons or in the event of death.
For a complete overview regarding reimbursement in the event of withdrawal of the shareholding, please see section 4.2.3.3 of the prospectus.
With respect to the right to refuse withdrawal, withdrawal requests in 2017, 2018 and 2019 were suspended during the first half of the year, but were subsequently carried out in full after that period.

Complaints handling and governing law

In the event of complaints, the would-be subscriber can contact the Cera Complaints Department, Muntstraat 1, 3000 Leuven, tel.: 0800 62 340, e-mail: info@cera.coop or via www.cera.coop > Contact. He or she can also contact the Ombudsman in financial conflicts (Ombudsfin) – a qualified body under the Belgian Code of Economic Law – North Gate II, Koning Albert II-laan 8, bus 2, 1000 Brussels, tel.: 02 545 77 70, fax: 02 545 77 79, e-mail: ombudsman@ombudsfin.be, www.ombudsfin.be.
The 'E' shares and the rights and duties of Cera and the banks who provide the counter services are governed by Belgian law. All disputes fall within the jurisdiction of the Belgian courts.

Warning

Investing in shares entails certain risks. Cera 'E' shares may not be transferred and, when selling, the maximum amount paid back is the statutory issue price. If you subscribe, you risk losing some or all of the amount you invested.. Any decision to subscribe to Cera 'E' shares is taken in your own personal capacity and must be based on careful prior reading of the complete prospectus, which contains more detailed information than this document. Please pay particular attention to the risk factors described in section 1, 'Risk Factors' in the prospectus. Cera is subject to a number of risks, including market risk, liquidity risk, concentration risk, debtor risk and other risks specific to KBC Group and its activities. Cera’s assets consist to a very large extent of shares in KBC and KBC Group, which means that Cera's solvency is largely determined by the value of these participating interests. Cera's (recurring) income consists almost exclusively of dividends on its shareholdings in KBC Ancora and KBC Group, so that any decrease in this income has a negative impact on Cera's liquidity position. Withdrawals can also have a significant impact on Cera’s cash flows. Cera is subject, moreover, to the market risk associated with its assets and liabilities, and is indirectly exposed to the risks applying to KBC Group. The prospectus is available on request free of charge from the first day of the subscription period (9 June 2020) at the registered office of Cera (Muntstraat 1, 3000 Leuven). You can also consult it via the website (www.cera.coop) or request a copy by e-mail (info@cera.coop) or by phone (0800 62 340).

Download here for additional information

Subscribe to Cera cooperative 'E' shares

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