Heerlen, NL, 30 Apr 2015 18:16 CEST
The DSM Annual General Meeting of Shareholders on 30 April 2015 passed a resolution to declare a dividend for the financial year 2014 of €1.65 per ordinary share of €1.50 par value. An interim dividend of €0.55 per ordinary share having been paid in August 2014, the final dividend for the financial year 2014 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. 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 (15:00 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: