Dividend
Dividend policy
The Annual General Meeting decides on the appropriation of the amounts available for the distribution, proposed by the Board of Directors.
The basic principles for the dividend payment were clearly defined. The Group’s dividend policy is aimed at increasing the dividend whenever this is possible. With the payment of the profits, the Board of Directors will always try to find a healthy balance between the guarantee of a stable dividend and maintaining adequate investment opportunities to secure the growth of the company and the long term balance structure.
Dividend payment
The General Meeting of 10 May 2011 approved as profit appropriation, a dividend of EUR 0.27 gross to be paid per share (for ordinary shares: EUR 0.2025 net (-25% withholding tax) and for shares + VVPR-strip EUR 0.2295 net (-15% withholding tax)).
This dividend will be payable from 31 May 2011 on presentation of coupon n°.17 at the counters of the KBC bank.
The payment for the registered shares will take place via bank transfer on the shareholders’ bank account.
