notification dividend 2006 conversion ratio
Following approval of the 2006 annual accounts by the General Meeting of Shareholders on 23 April 2007, the dividend for the 2006 financial year has been set at EUR 1.10 per ordinary share of EUR 1.00 nominal value.
It was also determined that the 2006 dividend of EUR 1.10 will be payable - at the shareholder's option - fully in ordinary shares against the tax-exempt share premium account or fully in cash (after deduction of 15% withholding tax on dividends).
Today the number of dividend rights of ordinary shares of EUR 1.00 nominal value entitling shareholders to one new ordinary share in Aalberts Industries N.V. of EUR 1.00 nominal value each, has been fixed at 71. Based on the volume weighted average price of all ordinary Aalberts Industries N.V. shares traded on Eurolist by Euronext Amsterdam on 9, 10, 11, 14 and 15 May 2007 of EUR 78,5148, 1/71 portion represents a value of EUR 1.1058, which is virtually equal to the value of the cash dividend.
As announced earlier, also splitting of the ordinary shares will take place as per 18 May 2007, 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. This means that for 71 dividend rights of ordinary shares of EUR 1.00 nominal value 4 ordinary shares of EUR 0.25 nominal value will be obtained. Payment of dividend and transfer of (certificates of) shares on account of exchange of dividend rights will take place on 18 May 2007, in ordinary shares of EUR 0.25 nominal value, through bank or broker where the shares are held.