Final dividend 2014 Royal DSM
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. The ex-dividend date on Euronext Amsterdam will be 5 May 2015 and the record date will be 6 May 2015.
Shareholders have from 7 May until 20 May 2015 (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. On 21 May 2015 after the close of trading on Euronext Amsterdam the number of dividend rights of ordinary shares entitling the holder to one ordinary share will be determined.
This exchange ratio will be based on the volume weighted average price of all ordinary shares in DSM traded at Euronext Amsterdam on 14 May 2015 up to and including 20 May 2015. 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 2015 and to the dividends for subsequent financial years. Stock dividend rights will not be traded on Euronext Amsterdam.
The following timetable applies:
- 5 May 2015: Ex-dividend quotation
- 6 May 2015: Record Date
- 7 May 2015 – 20 May 2015 (3.00 pm CET): Period in which shareholders can indicate their choice
- 21 May 2015 (COB): Announcement of the exchange ratio
- 27 May 2015: Delivery of shares or cash payment