Akzo Nobel

Final dividend for the financial year 2012

The Board of Management of Akzo Nobel N.V. announces that the dividend for the financial year 2012 is EUR 1.45 per ordinary share with a nominal value of EUR 2.00 each. After deduction of the interim dividend for 2012 of EUR 0.33, the remaining of the final dividend is EUR 1.12.

The distribution will be payable either wholly in cash or in new ordinary shares out of the share premium reserve, at the option of the shareholder. Dividend in cash will be paid through deduction of 15% Dutch dividend withholding tax.

Shareholders are given the opportunity until the 23 May 2013 (3.00 p.m. CET) to indicate their choice. On 24 May 2013 after the close of trading on NYSE Euronext in Amsterdam (“Euronext Amsterdam”), the number of share dividend rights of the ordinary shares entitling to one new 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. at Euronext Amsterdam during the period from 17 May 2013 up to and including 23 May 2013. After determination, the Exchange Ratio will be published on 24 May 2013.The value of the stock dividend will be approximately equal to the value of the cash dividend.

The new ordinary shares are entitled to the final dividend for financial year 2013 and dividend for the subsequent financial years.

Dividend rights will not be traded on Euronext Amsterdam. 

Code for dividend rights of the shares
ISIN code: NL0010389052 

The following timetable applies:
30 April 2013: ex-dividend quotation
3 May 2013: ”record date” dividend
6 May 2013 – 23 May 2013 (3.00 pm CET): election period
24 May 2013: determination of Exchange Ratio
29 May 2013: payment of cash dividend and delivery of new ordinary shares

Shareholders are requested to indicate their choice within the determined period, through their bank or broker to the ABN AMRO Bank (“ABN”). Banks or brokers may operate a default mechanism that automatically elects for new ordinary shares, unless such holder chooses differently. Shareholders are therefore advised to contact their bank or broker to assess if such a default system is in place or not and to discuss what action they should take.

Shareholders directly recorded on the company’s register will be separately informed.

After 23 May 2013, the new ordinary shares, which validate against non-exercised dividend rights will be settled against payment of the net dividend per ordinary share.

Payment of the cash dividend on the ordinary shares and delivery of ordinary shares, with settlement of fractions in cash, if required, will take place as of 29 May 2013 on the basis of the number of delivered dividend rights. 

With the use of article 5:3 section 2 sub e of the Financial Markets Supervision Act (Wet op het financieel toezicht) a request to admit the new ordinary 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).

Euronext listing & paying agent: ABN AMRO Bank: tel.+31 20 344 2000.

Members are requested to deliver their dividend rights directly to ABN AMRO (account 28001/106).  Members will receive a commission for each new ordinary share issued by the Company in accordance with ABN AMRO’s circular in order to execute the exchange of dividend rights on a cost free basis for shareholders. In order to receive the commission, Members are required to deliver the dividend rights directly to ABN AMRO. Furthermore, Members will need to confirm to ABN AMRO that they have executed the exchange of dividend rights into new ordinary shares (incl. settlement of fractions) on a cost free basis for your underlying clients. 

As reference price for the settlement of fractional entitlements, the opening price of 27 May 2013 must be used as reference.

Amsterdam, 27 April, 2013
Akzo Nobel N.V.

Message details

Sub-group Equities
Issuer Akzo Nobel
Category Dividend
ISIN NL0000009132
Symbol AKZA
Securities name Ordinary shares
Publication date April 30 2013