DSM, Kon.

Interim dividend Royal DSM

Forward-looking statements
This press release may contain forward-looking statements with respect to DSM’s future (financial) performance and position. Such statements are based on current expectations, estimates and projections of DSM and information currently available to the company. DSM cautions readers that such statements involve certain risks and uncertainties that are difficult to predict and therefore it should be understood that many factors can cause actual performance and position to differ materially from these statements. DSM has no obligation to update the statements contained in this press release, unless required by law. The English language version of the press release is leading.

An interim dividend for the financial year 2017 is € 0.58 per ordinary share of € 1.50 par value.

This interim dividend of € 0.58 will be paid out in cash or in the form of ordinary shares at the option of the shareholder. Dividend in cash will be paid after deduction of 15% Dutch dividend withholding tax. The ex-dividend date on Euronext will be 3 August 2017 and the record date will be 4 August 2017.

This interim dividend of € 0.58 will be paid out in cash or in the form of ordinary shares at the option of the shareholder with a maximum of 40% of the total dividend amount available for stock dividend. If more than 40% of the total dividend is requested by the shareholders to be paid out in shares, those shareholders who have chosen to receive their interim dividend in shares will receive their stock dividend on a pro rata basis, the remainder being paid out in cash after deducting 15% Dutch dividend withholding tax.

Shareholders have the opportunity from 7 August 2017 until 18 August 2017 (3.00 pm CET) to indicate their choice. On 21 August 2017 after the close of trading on Euronext the number of dividend rights of ordinary shares entitling the holder to one ordinary share will be determined (the “Exchange Ratio”).

This Exchange Ratio will be based on the volume weighted average price of all ordinary shares in DSM traded at Euronext on 14, 15, 16, 17, and 18 August 2017. The value of the stock dividend will be virtually equal to the value of the cash dividend. The ordinary shares that constitute the stock dividend are entitled to the final  dividend for the financial year 2017 and to the dividends for subsequent financial years. Stock dividend rights will not be traded on Euronext.

The following timetable applies:
3 August 2017: Ex-dividend quotation
4 August 2017: Record Date
7 August 2017 – 18 August 2017 (3.00 pm CET): Period in which shareholders can indicate their choice
21 August 2017 (COB): Announcement of the exchange ratio
24 August 2017: Delivery of shares or payment of cash dividend

Shareholders are requested to indicate their choice within the defined period, through their bank or broker, to ABN AMRO Bank N.V. (“ABN AMRO”). If they hold their shares in a custody account with a bank or broker, subject to contractual arrangements, then the bank or broker in question will generally have the dividend paid in shares, unless the shareholder instructs otherwise.

Shareholders registered in the Company’s shareholder register will be separately informed.

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 24 August 2017 on the basis of the number of dividend rights delivered.

Paying agent: ABN AMRO Bank N.V., tel: +31 20 344 2000, fax: +31 20 628 8481, email: corporate.broking@nl.abnamro.com

Members are requested to deliver their dividend rights directly to ABN AMRO (account 28001/106) and send the dividend election to ABN AMRO (corporate.broking@nl.abnamro.com and as.exchange.agency@nl.abnamro.com). 

For the fractions price, the opening price of 22 August 2017 should be taken as reference.

Heerlen, 1 August 2017

The Managing Board of Koninklijke DSM N.V.

Message details

Sub-group Equities
Issuer DSM, Kon.
Category Dividend
ISIN NL0000009827
Symbol DSM
Securities name Ordinary shares
Publication date August 2 2017