The authorized share capital of Kendrion N.V. as at 31 December 2021 amounts to EUR 80,000,000 and is divided into 40,000,000 ordinary shares with a nominal value of EUR 2.00 each. At year-end 2021, the total number of ordinary shares issued was 14,934,735. There is one class of ordinary shares and no depositary receipts for shares have been issued. Kendrion’s ordinary shares are listed on NYSE Euronext Amsterdam Small Cap Index (AScX).
|Movements in the number of outstanding shares||Shares entitled to dividend||Shares owned by Kendrion||Total number of issued shares|
|At 1 January 2021||14,766,481||167,503||14,933,984|
|Issued registered shares (share plan)||3,913||(3,913)||-|
|At 31 December 2021||14,841,072||93,663||14,934,735|
Kendrion endeavours to realize an attractive return for shareholders supported by a suitable dividend policy. In view of safeguarding a healthy financial position, consideration is also given to the amount of profit to be retained to support the company’s medium and long-term strategic plans and to maintaining a solvency ratio of at least 35%. Kendrion strives to distribute dividends representing between 35% and 50% of its normalized net profit before amortization.
In principle, Kendrion offers shareholders an opportunity to opt for dividends in cash or in the form of ordinary shares in Kendrion N.V.’s capital.
The proposed dividend of EUR 0.69 per share, representing a payment of dividend of 50% of normalized net profit before amortization for 2021 was adopted at the Annual General Meeting of Shareholders on 11 April 2022.
Up to 4 November 2019, 235,592 shares have been repurchased for a total amount of EUR 4.2 million. Repurchased shares were not cancelled. An overview of all transactions is provided below.
In line with legislation, shares transactions of the members of our Executive Board have been reported to the Financial Markets Authority (AFM). This information can be consulted on the AFM's website (www.afm.nl).
Pursuant to the Netherlands Financial Supervision Act, we are aware, on the basis of the information in the registers of the Netherlands Authority for the Financial Markets (AFM), that the following shareholders possessed an interest of more than 3% on 19 April 2022:
|Shareholder||Interest in %||Date of report|
|Teslin Participaties Coöperatief U.A.||15.14||At 14 June 2019|
|Kempen Capital Management N.V.||10.07||At 26 May 2020|
|FIL Limited||6.29||At 8 April 2022|
|Invesco Limited||5.42||At 15 May 2020|
|Cross Options Beheer B.V.||5.37||At 8 May 2017|
|T. Rowe Price Group, Inc.||3.92||At 19 April 2022|
|T. Rowe Price International Funds, Inc.||3.15||At 19 April 2022|
|Midlin N.V.||3.08||At 11 December 2020|