The VVPR strip

The VVPR strip is a coupon which, if presented along with the corresponding coupon of the share, allows to benefit from a reduced withholding tax of 15% (rather than 25%) on the dividends paid by the company. This strip is quoted separately from the ordinary GBL share and is freely negotiable.

Creation   ()

• On 9 May 1996 GBL 'stripped' its VVPR shares. VVPR shareholders received a VVPR strip sheet upon presentation of coupon n°34.
  With this stripping transaction, all GBL shares (ordinary and VVPR) were brought together on a single quotation line, thereby substantially improving the liquidity of the GBL share. 
• Moreover, the shares resulting from the exercise of warrants issued in 1994 were all accompanied by a VVPR strip.
  

Quotation   ()

The GBL VVPR strip is quoted on Euronext Brussels.  

• Bloomberg code: GBLS BB   Equity 
• Reuters code: LAMBi.BR