Kendrion Worldwide

Division Industrial

Division Automotive

Kendrion N.V.

Kendrion N.V. is a public limited liability company incorporated under the laws of the Netherlands, with its registered office in Zeist.

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Dividend policy

Diese Informationen stehen leider nicht in deutscher Sprache zur Verfügung. Deshalb bieten wir Ihnen den englischen Text an.

Kendrion endeavours to realise an attractive return for shareholders supported by a sustainable dividend policy. With a view to safeguard a healthy financial position, consideration is also given to the amount of profit to be retained to support Kendrion’s medium-term and long-term strategic plans and to maintain a minimum solvency ratio of 35%. Kendrion strives to distribute dividends representing between 35% and 50% of its net profit. In principle, Kendrion offers shareholders the opportunity to opt for dividends in cash or in the form of ordinary shares in Kendrion N.V.’s capital.

The Executive Board, with the approval of the Supervisory Board, submitted a proposal to the shareholders during the General Meeting of Shareholders held on 9 April 2018 for the payment of a dividend of EUR 0.87, representing a payment of dividend of 50% of normalised net profit for 2017. The total amount of dividend amounts to EUR 11.7 million. A proposal was submitted for the payment of the dividend in cash, or at the option of shareholders, in the form of ordinary shares charged to the share premium reserve with any remaining fraction to be settled in cash. The share dividend will be set on 2 May 2018 (before start of trading), on the basis of the volume-weighted average price of all Kendrion shares traded on 24, 25, 26, 27 and 30 April 2018, at a level whereby the value of the dividend in shares will be virtually equal to the cash dividend. The cash dividend will be made payable and the share dividend will be delivered on 4 May 2018. Both proposals were approved.