Final dividend 2016 Royal DSM
This final dividend of €1.20 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 5 May 2017 and the record date will be 8 May 2017.
Shareholders have from 9 May until 22 May 2017 (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 conversion rate between the cash dividend and the stock dividend will be determined on 23 May 2017 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 over a period of five trading days from 16 May 2017 up to and including 22 May 2017. 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 2017 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 26 May 2017.
The following timetable applies:
- 5 May 2017: Ex-dividend quotation
- 8 May 2017: Record Date
- 9 May 2017 – 22 May 2017 (3.00 pm CET): Period in which shareholders can indicate their choice
- 23 May 2017 (COB): Announcement of the exchange ratio
- As from 26 May 2017: Delivery of shares or cash payment