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The appropriation of results
Pursuant to Article 10.1.4. of the Articles of Association of GrandVision N.V., the Management Board, subject to the prior approval of the Supervisory Board, may resolve to reserve the profits or a part of the profits. The remaining profits are at the free disposal of the General Meeting.
Appropriation of results for the year
The net result for 2015 amounts to €212,730 and €142,075 will be added to the retained earnings reserve.
Following Article 10.2 of the Articles of Association an interim dividend of €35,327 or EUR 0.14 per share was declared by the Management Board on 4 September 2015. The interim dividend was paid on 8 September 2015.
For 2015, it is proposed to the General Meeting to distribute a total dividend of €70,655 or EUR 0.28 per share. If approved, a final dividend of EUR 0.14 per share will be made payable on 11 May, 2016, considering the interim dividend that was paid on 8 September 2015. The final dividend will be paid in cash following the approval of the proposal by the General Meeting.