Additional information

Provision in the Articles of Association concerning the appropriation of the net result

The provision and the appropriation of the net profit is based upon the Articles of Association and the Agreement State-FMO of November 16, 1998.

The Annual General Meeting of Shareholders (AGM) will determine which portion of the result of a financial year is reserved or in which way a loss will be incorporated. The Supervisory Board and the Management Board can make a non-binding proposal in accordance with the provision and dividend policy adopted by the AGM, taking into account the relevant provisions in the Agreement State-FMO of November 16, 1998.

Proposal for appropriation of the net result

A company net profit of €64.9 million is recorded in 2023. Under the Agreement State-FMO of November 16, 1998, FMO is required to add €62.8 million to the contractual reserve. Therefore the 2023 profit is not completely distributable. The distributable element of the net profit amounts to €2.1 million. The Management Board and the Supervisory Board propose distributing a sum of €2.1 million as cash dividend equaling €5.38 per A and B share. This proposal for dividend distribution can be withdrawn if FMO's economical and financial conditions deteriorate significantly in the period up to the moment of distribution of the dividend.