At the shareholders meeting of 13 May 2019 the proposal for a regular dividend of € 0.56 per ordinary share for the financial year 2018 was approved.
Dividends will be all-cash and will in principle be subject to Dutch dividend withholding tax of 15%.
The ex-dividend date will be 15 May 2019, the record date will be 16 May 2019 and the payment day will be 20 May 2019.
Corbion’s reservation policy is aimed at creating and retaining sufficient financial capacity and flexibility to realize our strategic objectives while maintaining healthy balance sheet ratios. Corbion intends to add the profit (or charge the loss) to the Company's reserves after deduction of the proposed dividend on ordinary shares. Events potentially impacting our financing requirements such as acquisitions, divestments, reorganizations, or other strategic considerations can lead to adjustments in the reservation amount and the reservation policy.
As regards Corbion’s dividend policy, the amount and structure of dividend on ordinary shares that the Company will pay to its shareholders depend on the financial results of the Company, the market environment, the outlook, and other relevant factors.
The current dividend policy is based on the ambition to pay out annually a stable to gradually increasing absolute dividend amount per share (progressive regular dividend policy). Periodically Corbion will review its net debt position in relation to the investment plans, and decide upon potential additional distributions.
The proposed dividend for a financial year will be presented to and determined by the General Shareholder's Meeting. In addition, the Articles of Association allow for the payment of an interim dividend.