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Published: 27-09-2019 16:42
Stern Groep N.V., the Dutch listed automotive group, announces the agreement with ALD Automotive concerning all balance sheet items of SternLease B.V. that was sold to ALD earlier this year. As a result the final purchase price is higher than the initially calculated provisional purchase price. On 30 September 2019 Stern Groep will receive an additional payment of approximately € 9 million, after an advance payment of € 80 million was received on 3 June 2019. This means that the earlier announced dividend payment of an additional € 1,00 per share will be available for payment soon.
An interim dividend of € 2,50 per share was paid by Stern on 12 June 2019. The additional interim dividend of € 1,00 per share will be available for payment on 15 October 2019.
The cash payment will be made after deduction of 15% dividend tax, unless another rate applies under tax regulations.
The following schedule will apply to the dividend payment:
30 September 2019 : shares quoted ex-dividend
1 October 2019 : record date
15 October 2019 : payment date
Payment of the additional interim dividend will be made to your bank or broker via Euroclear Nederland.
Press here for the press release in English.