Dividends on A Shares will be paid, by default, in euro at the rate of €0.4218 per A Share. Holders of A Shares who have validly submitted pounds sterling currency elections by August 26, 2016 will be entitled to a dividend of 35.27p per A Share.
Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 35.27p per B Share. Holders of B Shares who have validly submitted euro currency elections by August 26, 2016 will be entitled to a dividend of €0.4218 per B Share.
This dividend will be payable on September 19, 2016 to those members whose names were on the Register of Members on August 12, 2016.
Cash dividends on A Shares will be subject to the deduction of Dutch dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances.
Based on a policy statement issued by the Dutch Ministry of Finance on April 29, 2016, and depending on their particular circumstances, non-Dutch individual shareholders may be entitled to a full or partial refund of Dutch dividend withholding tax.
Furthermore, in April 2016, there were changes to the UK taxation of dividends. The dividend tax credit has been abolished, and a new tax free dividend allowance of £5,000 introduced.
Dividend income in excess of the allowance will be taxable at the following rates: 7.5% within the basic rate band; 32.5% within the higher rate band; and 38.1% on dividend income taxable at the additional rate.
