Recticel, The passion for comfort. A confident belief in careful stabilization

Dividend policy

The General Meeting decides on the appropriation of the amounts available for distribution, on the basis of a proposal by the Board of Directors.

The basic principles for the dividend payout have been clearly defined. The Group’s dividend policy aims to increase the dividend whenever possible. As regards profit appropriation, the Board of Directors will try to achieve the right balance between guaranteeing a stable dividend and maintaining sufficient possibilities for investment to secure the growth of the company and the balance sheet structure in the longer term.

Dividend payment

Subject to approval of the appropriation of profit by the Annual General Meeting of 11 May 2009, a dividend will be paid of EUR 0.25 gross per share (for ordinary shares: EUR 0.1875 net (-25% withholding tax) and for VVPR shares: EUR 0.2125 net (-15% withholding tax)). This dividend will be payable from 31 May 2010 on presentation of coupon No 16 at the branches of KBC Bank.

Dividends in respect of registered shares will be paid by transfer to the shareholders’ bank accounts.

Dividend