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DSM's shares & listings

Ordinary shares Koninklijke DSM N.V.

Royal DSM N.V. is a company limited by shares listed on the Euronext Stock Exchange in Amsterdam, the Netherlands.

In addition to this official listing of ordinary shares of Koninklijke DSM N.V. (Royal DSM), options on ordinary DSM shares are traded on the European Option Exchange in Amsterdam, the Netherlands ("Euronext.liffe").

American Depositary Receipts (ADR)

In the USA, a sponsored unlisted American Depositary Receipts (ADR) programme is offered by Deutsche Bank Trust Co. Americas (Cusip 780249108), where four ADR's represent the value of one ordinary DSM share.

OTCQX International Premier

As of 6 August 2013 DSM began trading on OTCQX International Premier, a segment of the OTCQX marketplace reserved for world-leading companies that are listed on a qualified international exchange, undergo management reviews and provide their home country disclosure to U.S. investors. Koninklijke DSM N.V.’s American Depositary Receipt (ADR) is listed on OTCQX International Premier under the ticker RDSMY.

Share structure

As set out in its Articles of Association, Royal DSM has two types of shares; the ordinary shares listed on the Euronext Stock Exchange and two classes of Cumulative Preference shares, series A (Cumprefs A) and B (Cumprefs B). At this time Cumulative Preference shares series B are not issued.

  • issued as per 31 December 2017: 181,425,000 shares.
  • outstanding as per 31 December 2017: 174,643,475 shares.
  • total outstanding as per 31 December 2017: 218,683,475 shares (Ordinary & Cumprefs).
  • nominal value of €1.50 per share.
  • no certificates on these shares are issued, the voting rights are not limited.
  • listed on the stock market at NYSE Euronext stock exchange in Amsterdam.

As at 31 December 2017 44.04 million cumulative preference shares A (Cumprefs A) are in issue and placed with three Dutch institutional investors. Cumprefs A's are not listed on any stock market.

The Cumprefs A have the same voting rights as ordinary shares, as their nominal value of €1.50 per share is equal to the nominal value of the ordinary shares. Transfer of the Cumprefs A requires the approval of the Managing Board, unless the shareholder is obliged to transfer his shares to a previous shareholder by virtue of the law.

The dividend percentage of the Preference Shares will be based upon the dividend yield of the ordinary shares in the preceding year (dividend as a percentage of the average share price).

Over 2016 Cumulative Preference A Shareholders received a dividend percentage of 3.26% of the issuance price of €5.2942, which equals a total dividend pay-out of €0.17 per Preference Share given the aforementioned computation basis.

  • are not issued nor outstanding at this time.
  • by virtue of DSM's Articles of Association, 375,000,000 cumulative preference shares B can be issued.
  • the DSM Preference Shares Foundation has the right to acquire such preference shares (call option) to a maximum corresponding to 100% of the capital issued in any form other than preference shares B, less one.
  • the DSM Preference Shares Foundation is independent in accordance with the requirement laid down in Appendix X to the Listing and Issuing Rules of Euronext.

Shareholder base

Under the Dutch Financial Markets Supervision Act, shareholdings of 3% or more in any Dutch company must be disclosed to the Dutch Authority for the Financial Markets (AFM).

According to the register kept by the AFM the following shareholders disclosed that they have a direct or indirect (potential) interest between 3% and 10% in DSM’s total share capital on 31 December 2017:

  • ASR Nederland N.V.
  • BlackRock Inc.
  • Capital Research and Management Company and Capital Group International Inc.
  • NN Group N.V.
  • Rabobank Nederland Participatie B.V.

Development of the number of ordinary shares in 2017

  2017 Issued 2017 Repurchased 2017 Outstanding 2016 Outstanding
01 Jan 2017 181,425,000 6,423,334 175,001,666 174,923,027
Changes:        
Reissue of shares (exercise of option rights) - (2,238,144) 2,238,144 3,243,102
Repurchase of shares - 4,500,000 (4,500,000) (5,200,000)
Dividend in form of ordinary shares - (1,903,665) 1,903,665 2,035,537
01 Dec 2017 181,425,000 6,781,525 174,643,475 175,001,666

Share price on Euronext Amsterdam (€ per ordinary share)

  2017 2016
Highest closing price 81.66 64.18
Lowest closing price 57.2 41.4
At 31 Dec 2017 79.67 56.96
Market capitalization at 31 Dec 2017* 14,454 10,334

* source Bloomberg

Geographical spread of ordinary shares 2012 - 2017

In % 2017 2016 2015 2014 2013 2012
Netherlands 15 16 17 20 21 23
North America 37 39 34 32 26 19
United Kingdom 18 17 14 12 18 19
France 9 7 7 8 9 9
Germany 5 4 5 5 7 8
Switzerland 4 5 6 7 5 6
Asia Pacific 4 4 5 4 5 5
Other 8 8 12 12 9 11
Total 100 100 100 100 100 100

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