Announcement of scrip issue price for final dividend 2024

In the Full Year Report 2024 management announced its intention to pay a final dividend of € 0.82 per share for the fiscal year 2024. This level has been ratified by the Annual General Meeting on 17 April 2025. Management proposes to shareholders the option of receiving the dividend in either cash or shares, or a combination of the two.

No new ordinary shares will be created as a result of the stock dividend alternative, as the treasury shares which were a result of the 2024 share buyback program will be used, and will rank pari passu with outstanding ordinary shares.

Shareholders electing for a dividend in shares, which will be paid out of the treasury shares and is not subject to dividend withholding tax, will receive 1 (one) new ordinary share for every 26 (twenty-six) ordinary shares held. This equates to an issue price of € 21.32 per ordinary share on an ex-dividend basis.

A maximum of 404,474 shares are available for stock dividend. If shareholders in aggregate opt for a number of shares which exceeds this maximum, those who have opted for distribution in the form of shares will be allocated on a pro rata basis, with the remainder being distributed in cash subject to deduction of 15% Dutch dividend withholding tax.

The ex-dividend date is 23 April 2025. The election period will start on 25 April 2025 and close 12 May 2025 at 3pm (CET). If by then no notification is received the dividend will be paid in cash. Dividends will be paid (or issued in the case of the stock dividend alternative) on 14 May 2025.