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decisions General Meeting 2007

highlights

  • dividend approved at EUR 1.10 per ordinary share
  • share split approved
  • reappointed two members of the Supervisory Board
  • two new members of the Supervisory Board

During the General Meeting of Shareholders, held on 23 April 2007, the Management Board expressed its confidence in the expectations presented in the 2006 Annual Report. In addition to the anticipated organic growth, Aalberts Industries expects to be able to continue pursuing its acquisition activities this year. The well-filled order book and the outlook in the majority of markets in which Aalberts Industries is active justify to expect - barring unforeseen circumstances - the growth in the earnings per share for 2007 will be in line with the average growth of the past years.

dividend
The proposed dividend for the financial year 2006 was approved. At the choice of the shareholders, the dividend will be paid out in cash, at EUR 1.10 per ordinary share having a nominal value of EUR 1.00, or in the form of stock dividend either charged to the tax-exempt share premium account or to the unappropriated profit. As from 18 May 2007 dividend will be made payable by ABN AMRO Bank N.V. in Amsterdam (the Netherlands). The stock dividend exchange ratio will be determined on the basis of the volume weighted average price of all Aalberts Industries N.V. shares traded on 9, 10, 11, 14 and 15 May 2007, and in such a way that the value of the dividend in shares is virtually equivalent to the value of the cash dividend.

share split
The General Meeting of Shareholders of Aalberts Industries today adopted the proposal for amendment to the company’s Articles of Association. The proposed amendment includes, besides changes based on recent legislative changes, splitting the ordinary shares in the sense that each share with a nominal value of EUR 1.00 shall be split into four shares, each having a nominal value of EUR 0.25. Euronext Amsterdam N.V. will be requested to determine that as from 18 May 2007 the listing on Eurolist by Euronext Amsterdam will take place in the new nominal value, providing that the deed of amended Articles of Association has become effective as per 18 May 2007. The new fund code is 85256 and the ISIN-code is NL0000852564.

composition of the Supervisory Board
Furthermore the General Meeting of Shareholders reappointed Mr C.J. Brakel en Mr A.B. van Luyk as members of the Supervisory Board for the period of four, respectively two years. Mr P.W.A. Niessen, since the early days member of the Supervisory Board of Aalberts Industries, stood down for personal reasons. Mr Brakel will take over chairmanship. Besides two new members have been appointed member of the Supervisory Board, namely Mr H. Scheffers and Mr W. van de Vijver, both appointed for a period of four years.

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Jeannette Zuidema
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Jeannette Zuidema
office management

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