Pursuant to Article 31 of the Articles of Association, the profit shall be distributed as follows:
-
The Executive Board shall reserve as much of the profit as it deems necessary, subject to the approval of the Supervisory Board.
-
Insofar as the profit is not reserved, it is at the disposal of the General Meeting of Shareholders, which can decide to reserve the profit in whole or in part, or to distribute it in whole or in part to holders of ordinary shares in proportion to their holdings of ordinary shares.
With the approval of the Supervisory Board, the Executive Board has decided to distribute 50% of the realised profit after taxes of € 90 million as dividend on the ordinary shares and depositary receipts therefor, and to add the remainder to the reserves.
Dividend policy
Heijmans has until now pursued a dividend policy in which – barring exceptional circumstances – the pay-out ratio amounts to 40% of the profit after tax from ordinary business operations. Heijmans intends to adjust the dividend policy, to the effect that the pay-out ratio will increase to 50% and that the dividend will be paid exclusively in the form of cash. This amendment will be explained to the General Meeting of Shareholders on 16 April 2025. The dividend proposal put to the vote at the meeting will be based on the amended dividend policy.