News

Rens de Leeuw, April 26, 2018

Ordina AGM adopts financial statements 2017

Ordina N.V.’s Annual General Meeting of Shareholders (AGM) today adopted the financial statements for the financial year 2017. The AGM also resolved to amend the company’s reservation and dividend policy and to pay out a cash dividend of 2 euro cents (EUR 0.02) per share. In addition to this, the AGM appointed Ms. C.E. (Caroline) Princen as a member of the Supervisory Board for a term of four years. The meeting also resolved to amend the remuneration of the Supervisory Board and approved the re-appointment of Ernst & Young Accountants LLP as the company’s external auditor for the financial years 2019 and 2020. Finally, the AGM granted a number of regular mandates, including those related to the issuance of shares and the purchase of treasury shares.

Adoption of financial statements, amendment of reservation and dividend policy and the determination of the dividend for the financial year 2017
This afternoon, the Ordina N.V. Annual General Meeting of Shareholders adopted the financial statements for the financial year 2017. The meeting also resolved to amend the company’s reservation and dividend policy to the effect that, on the basis of the premises and conditions included in said policy, the pay-out percentage will be changed to 40% - 60%. The meeting also resolved to pay out a cash dividend for 2017 of 2 euro cents (EUR 0.02) per ordinary Ordina N.V. share, such to be charged to the net profit for 2017. The dividend will be made payable, less the dividend tax due, on 8 May of this year. Ordina N.V. shares will be listed ex-dividend on 30 April of this year. The registration date is 2 May of this year.

Supervisory Board
The AGM appointed Ms. C.E. (Caroline) Princen as a member of the Supervisory Board for a term of four years. The Supervisory Board then appointed Ms. Princen as chairman of the Board as from the end of the AGM. The AGM also resolved to amend the remuneration of the Supervisory Board, in line with the motion submitted.

Re-appointment Ernst & Young Accountants
The AGM re-appointed Ernst & Young Accountants as Ordina N.V.’s external auditor for the financial years 2019 and 2020.

Mandates granted
As per usual, the AGM granted a number of mandates: firstly to the Management Board of Ordina N.V. for the purchase of treasury shares up to a maximum of 10% of the outstanding share capital; secondly to the Management Board for the issuance of new Ordina N.V. shares up to a maximum of 5% of the outstanding share capital and when appropriate to limit or exclude preferential rights in said shares.

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