AkzoNobel shareholders adopt all resolutions, approve dividend at AGM
April 20 2016 - 10:41AM
April 20, 2016
Shareholders of Akzo
Nobel N.V. (AkzoNobel) adopted all the resolutions at today's
Annual General Meeting (AGM). As well as adopting the company's
2015 financial statements, it was agreed that the 2015 financial
year dividend would be €1.55 (2014: €1.45) per common share. An
interim dividend of €0.35 was paid in November 2015, which means
the final payment will be €1.20 per share.
The final dividend will
be paid on May 19, 2016. Under the conditions to be published by
the company, and at the shareholder's election, this dividend will
be paid either in cash or in stock. The AkzoNobel shares will be
traded ex-dividend on Euronext Amsterdam as of April 22, 2016. The
record date is April 25, 2016.
Appointments
Mr. Ton Büchner was reappointed as a member of the Board of
Management by the shareholders and was duly reappointed as CEO by
the Supervisory Board. Ms. Sari Baldauf and Mr. Ben Verwaayen were
reappointed as members of the Supervisory Board for a second term
of office. Dr. Pamela Kirby was appointed to the Supervisory
Board for a first term of office.
Chairman of the
Supervisory Board, Mr. Antony Burgmans, said: "We look forward to
continuing to work with Mr. Büchner, Ms. Baldauf and Mr. Verwaayen
for the next four years. We are also pleased to welcome Dr. Kirby
to AkzoNobel. She has an extensive background and strong record in
international commercial and strategic management, and will bring a
wealth of experience in both business-to-business, as well as
business-to-customer strategic expertise. We wish her every success
in her new role."
- - -
AkzoNobel creates everyday
essentials to make people's lives more liveable and inspiring. As a
leading global paints and coatings company and a major producer of
specialty chemicals, we supply essential ingredients, essential
protection and essential color to industries and consumers
worldwide. Backed by a pioneering heritage, our innovative products
and sustainable technologies are designed to meet the growing
demands of our fast-changing planet, while making life easier.
Headquartered in Amsterdam, the Netherlands, we have approximately
45,000 people in around 80 countries, while our portfolio includes
well-known brands such as Dulux, Sikkens, International, Interpon
and Eka. Consistently ranked as a leader in sustainability, we are
dedicated to energizing cities and communities while creating a
protected, colorful world where life is improved by what we do.
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Statement
This press release contains statements which address key issues
such as AkzoNobel's growth strategy, future financial results,
market positions, product development, products in the pipeline and
product approvals. Such statements should be carefully considered,
and it should be understood that many factors could cause
forecasted and actual results to differ from these statements.
These factors include, but are not limited to, price fluctuations,
currency fluctuations, developments in raw material and personnel
costs, pensions, physical and environmental risks, legal issues,
and legislative, fiscal, and other regulatory measures. Stated
competitive positions are based on management estimates supported
by information provided by specialized external agencies. For a
more comprehensive discussion of the risk factors affecting our
business please see our latest annual report, a copy of which can
be found on our website www.akzonobel.com
Media Release AGM 2016
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Akzo Nobel NV via Globenewswire
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