AkzoNobel's dividend policy is to pay a stable to rising dividend each year. Cash dividend is default, stock dividend is optional.
The dividend paid over the last five years is shown in the graph on this page.
Final dividend for the financial year 2015
The Final dividend for the financial year 2015 is EUR 1.20 per ordinary share with a nominal value of EUR 2.00 each. The distribution will be payable either wholly in cash or in new ordinary shares distributed from the share premium reserve, at the option of the shareholder. Any dividend in cash will be paid with a deduction of 15% Dutch dividend withholding tax.
Shareholders will be given the opportunity until the May 11, 2016 (3.00 p.m. CET) to indicate their choice. On May 13, 2016 after the close of trading on Euronext Amsterdam, the number of share dividend entitlements of each ordinary share will be determined (the “Exchange Ratio”). This Exchange Ratio is based on the volume weighted average price of all traded ordinary shares in Akzo Nobel N.V. on Euronext Amsterdam during the period from May 5, 2016 up to and including May 11, 2016. After determination, the Exchange Ratio will be published on May 13, 2016.The value of the stock dividend will be approximately equal to the value of the cash dividend.
The new ordinary shares will be entitled to the dividend for the financial year 2016 and any dividends for the subsequent financial years.
Dividend rights will not be traded on Euronext Amsterdam.
Announcement of exchange ratio
Akzo Nobel N.V. announces that the exchange ratio of the final dividend financial year 2015 in shares has been determined. This will amount to 1 new ordinary share for every 51.2318 existing ordinary shares. Based on the average weighted price of 5 May up to and including 11 May 2016 of EUR 61.4781, 1/51.2318 the share represents a value of EUR 1.20, which is virtually equal to the gross dividend in cash of EUR 1.20 per ordinary share. Both the cash dividend and stock dividend will be made payable to shareholders on 19 May 2016.
For approximately 1,943,214 new ordinary shares, a request to admit the new shares for admission to trading on Euronext Amsterdam will be made pursuant to article 5:4 sub e of the Financial Markets Supervision Act (Wet op het financieel toezicht).
Amsterdam, 13 May 2016