Akzo Nobel

Announcement of exchange ratio



Akzo Nobel N.V. announces that shareholders wish to receive a distribution in stock for 42.17% of the total dividend. The shareholders who have opted for a distribution in stock will receive stock dividend on a pro-rata (0.948541617 = 40/42.17 part) basis, with the remainder being paid out in cash (less 15% dividend withholding tax).

The exchange ratio of the interim dividend financial year 2017 in shares has been determined. This will amount to 1 new ordinary share for every 139.3777 existing ordinary shares. Based on the average weighted price of 9 November up to and including 15 November 2017 of EUR 78.0515, this ratio (1/139.3777) represents a value of EUR 0.56, which is virtually equal to the gross dividend in cash of EUR 0.56 per ordinary share. Both the cash dividend and stock dividend will be transferred to shareholders on 22 November 2017.

For approximately 722,805 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, 16 November 2017

 

Message details

Sub-group Equities
Issuer Akzo Nobel
Category Dividend
ISIN NL0000009132
NL0012650618
Symbol AKZA
Securities name Ordinary shares
Publication date November 19 2017