Heerlen, NL, 06 May 2021 17:31 CEST
The DSM Annual General Meeting of Shareholders passed a resolution on 6 May 2021 to declare a dividend for the financial year 2020 of €2.40 per ordinary share, a stable dividend versus the €2.40 paid for 2019. An interim dividend of €0.80 per ordinary share having been paid in August 2020, the final dividend thus amounts to €1.60 per ordinary share.
At the discretion of the shareholder, the final dividend will be made available in cash or, under the conditions set out below, in ordinary shares of DSM. The period in which this choice can be made is from 12 May 2021 to 25 May 2021 (15:00 CEST). To the extent the final dividend is paid out in shares, these shares will be primarily transferred out of the own shares DSM holds in stock. Should the total number of own shares not be sufficient, additional shares will be acquired. The stock dividend is paid from the tax-exempt share premium reserve and thus free from withholding tax in the Netherlands. Where shareholders have opted to receive their dividend in shares, the corresponding cash value of €1.60 per ordinary share will be deducted from the profit attributable to shareholders and added to the reserves. In order to avoid negative tax consequences for DSM, a maximum of 40% of the total dividend amount is available for stock dividend. If shareholders in total wish to receive in aggregate a distribution in shares which exceeds this maximum percentage of the total dividend, those shareholders who have opted for distribution in the form of shares will receive their stock dividend on a pro rata basis, with the remainder being distributed in cash.
The conversion rate of the stock dividend to that of the cash dividend will be determined on 26 May 2021 based on the Volume Weighted Average Price (‘VWAP’) of all DSM shares traded on Euronext Amsterdam (‘Euronext’) over a period of five trading days from 19 May 2021 up to and including 25 May 2021. The value of the stock dividend, based on this VWAP, will - subject to rounding - be equal to the cash dividend. There will be no trading in stock dividend rights.
The ex-dividend date will be 10 May 2021, the record date 11 May 2021 and the dividend will be payable as from 1 June 2021.
|10 May 2021||Ex-dividend quotation|
|11 May 2021||Record date|
|12-25 May 2021 (15:00 CEST)||Period in which shareholders can indicate their choice|
|19-25 May 2021||VWAP determination (based on period 19 May up to and including 25 May 2021)|
|26 May 2020 (COB)||Announcement of the exchange ratio|
|As of 1 June 2021||Delivery of shares or cash payment|
Shareholders are requested to indicate their choice within the defined period, through their bank or broker, to ABN AMRO Bank N.V. (“ABN AMRO”). Shareholders registered in the Company’s shareholder register will be separately informed.
Payment of the dividend on the ordinary shares and delivery of ordinary shares, with settlement of fractions in cash, if required, will take place as from 1 June 2021 based on the number of dividend rights delivered.
Paying agent: ABN AMRO Bank N.V., tel: +31 20 344 2000, fax: +31 20 628 8481, email.
Senior Communications Manager
+31 45 578 2420
Vice-President Investor Relations
+31 45 578 2864