Proposed appropriation of result

The net result for 2018, amounting to €23.8 million, has been accounted for in shareholders’ equity.

The Company proposes to declare a dividend over the financial year 2018 of 14 euro cents in cash per ordinary share or in shares, at the option of the shareholders with repurchase and cancellation of shares to offset dilution. Based on the number of ordinary shares outstanding at year-end 2018, a maximum of €38.3 million will be distributed as dividend on the ordinary shares. As yet, the dividend proposal has not been deducted from retained earnings under equity.