The Group transformation has made sufficiently good headway for its profile to have already significantly changed. The initiated process however needs to be continued, in line with the 2017-2019 transformation plan. This is why Neopost aims at having greater flexibility in its capital allocation policy while optimizing its cost of capital.
Given the commitments notably relating to recent acquisitions and ongoing projects, and given the wish to be able to seize new acquisition and investment opportunities, the Group decided in September 2015 to set the annual dividend to be submitted to the approval of the Annual General Meeting of shareholders at €1.70 per share for the next 2 to 3 years.
The dividend will be made of an interim dividend paid in February and a final dividend paid in August. In case of excess cash flow, the dividend might be supplemented by share buybacks.
The Board of Directors has decided to submit a dividend of €1.70 per share for approval at the Shareholders' Annual General Meeting on July 1, 2016 in respect of the 2015 financial year, in line with its revised capital allocation policy announced in September 2015. If approved, the balance of €0.90 per share will be paid in August 2016, following the payment of an interim dividend of €0.80 per share which took place on February 9, 2016. The final 2015 dividend will be paid entirely in cash, as was the case with the interim dividend.
|Date* of the interim dividend||Amount of the interim dividend||Date* of the balance of the dividend||Amount of the balance of the dividend||Amount of the full year dividend|