Stern to distribute interim dividend

Published: 05-12-2016 17:06

Stern Groep N.V., the Dutch listed automotive group, announces that its results and its excess solvency position allow for distribution of an interim dividend for the 2016 financial year of € 0.25 per share in cash. The dividend will be payable on 23 December 2016. In addition Stern reports that the Sale + Leaseback of its head office has been completed on 1 December 2016 and that mid December a press release will be issued on the new strategic goals for the period 2017-2020.

Interim dividend

Payment in cash will be made after deduction of 15% dividend tax, unless a different rate applies on the basis of tax regulations.

The schedule for the payment of the interim dividend for 2016 is as follows:

21 December 2016 : shares quoted ex-dividend

22 December 2016 : record date

23 December 2016 : payment of cash dividend

Payment of the cash dividend will be made to your bank or broker through Euroclear Nederland.

Sale head office completed

The Sale + Leaseback of the head office in Amsterdam, that was acquired earlier this year, has been completed on 1 December 2016. The head office building will be leased back at market conditions for a period of 12 years. The substantial transaction gain will be reported in the results for in Q4-2016.

Strategic plan

For some time Stern is working on updating its corporate strategy. Mid December a press release will be issued on the new strategic goals for the period 2017-2020. In the annual report 2016 the update of the corporate strategy will be described in more detail.

Press here for the press release dated 05 December 2016 in English

Klik hier voor de pdf van het volledige persbericht d.d. 05 december 2016 in het Nederlands