Final dividend Royal DSM

4/29/2016, 6:01 PM (Source: GlobeNewswire)

The DSM Annual General Meeting of Shareholders passed a resolution on 29 April 2016 to declare a dividend for the financial year 2015 of €1.65 per ordinary share of €1.50 nominal value. An interim dividend of €0.55 per ordinary share having been paid in August 2015, the final dividend for the financial year 2015 will amount to €1.10 per ordinary share.

This final dividend of €1.10 will be paid out in cash or in the form of ordinary shares at the option of the shareholder. Dividend in cash will be paid after deduction of 15% Dutch dividend withholding tax. Stock dividend will be paid out from DSM's own treasury shares supported by its share repurchase program, and subject to the conditions as stated in the Notes to the AGM agenda. The ex-dividend date on Euronext Amsterdam will be 3 May 2016 and the record date will be 4 May 2016.

Shareholders have from 5 May until 18 May 2016 (3.00 pm CET) to indicate if they wish to receive their dividend in the form of ordinary shares, otherwise it will be distributed in cash. The number of dividend rights of ordinary shares entitling the holder to one ordinary share will be determined on 19 May 2016 after the close of trading on Euronext Amsterdam.

This exchange ratio will be based on the volume weighted average price of all ordinary shares in DSM traded at Euronext Amsterdam on 12 May 2016 up to and including 18 May 2016. The value of the stock dividend will be virtually equal to the value of the cash dividend. The ordinary shares that constitute the stock dividend are entitled to any dividend for the financial year 2016 and to the dividends for subsequent financial years. Stock dividend rights will not be traded on Euronext Amsterdam. The dividend will be payable as from 24 May 2016.

The following timetable applies:

3 May 2016: Ex-dividend quotation

4 May 2016: Record Date

5 May 2016 - 18 May 2016 (3.00 pm CET): Period in which shareholders can indicate their choice

19 May 2016 (COB): Announcement of the exchange ratio

24 May 2016: Delivery of shares or cash payment

 

DSM - Bright Science. Brighter Living.(TM)

Royal DSM is a global science-based company active in health, nutrition and materials. By connecting its unique competences in life sciences and materials sciences DSM is driving economic prosperity, environmental progress and social advances to create sustainable value for all stakeholders simultaneously. DSM delivers innovative solutions that nourish, protect and improve performance in global markets such as food and dietary supplements, personal care, feed, medical devices, automotive, paints, electrical and electronics, life protection, alternative energy and bio-based materials. DSM and its associated companies deliver annual net sales of about €10 billion with approximately 25,000 employees. The company is listed on Euronext Amsterdam. More information can be found at www.dsm.com.

 

For more information:

Media Relations
Stephen Hufton
tel. +31 (0) 45 5787029
e-mail media.contacts@dsm.com

 
Investor Relations
Dave Huizing
tel. +31 (0) 45 5782864
e-mail investor.relations@dsm.com

 



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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: DSM N.V. via Globenewswire

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