Schiphol Group shareholders approve super dividend proposal
Schiphol, 17 April 2008
During the Annual General Meeting of Shareholders (AGM) of N.V.
Luchthaven Schiphol (trading name Schiphol Group) held on 17 April
2008, the shareholders approved the proposal for an extra payment
from the retained profits reserve consisting of:
o A super dividend (one-off payment from the retained profits
reserve) of EUR 500 million in 2008, to be paid in principle in the
third quarter of 2008;
o A second super dividend (one-off payment from the retained
profits reserve) of up to EUR 500 million in 2009. The exact amount
will be such that the resulting rating will correspond with at least
a single A flat (Standard & Poor's).
Furthermore, the AGM adopted the financial statements for 2007
including the proposed profit appropriation. In line with the
company's regular dividend policy 40% of the result (attributable to
shareholders), excluding the fair value gains from on investment
property, is paid out as dividend.
The result of EUR 316 million in 2007 gives earning per share of EUR
1,844. The adjusted result for the purpose of the dividend
calculation is EUR 233 million and the dividend per share of EUR 543
will be paid in cash.
In addition, Mr. H. van den Broek has been reappointed as member of
the Supervisory Board for a third and subsequently last term of
office of 4 years until 2012.
All other items on the agenda were approved, including the
discharging of the Supervisory Board and the Board of Management of
their duties over 2007.
Shareholders of N.V. Luchthaven Schiphol are the State of the
Netherlands (75.8%), the municipality of Amsterdam (21.8%) and the
municipality of Rotterdam (2.4%).
