Chapters
Annual Report 2020

Dividends

Dividend policy

To increase dividend-per-share over time, GrandVision pays an annual ordinary dividend in line with our medium- to longterm financial performance and targets. GrandVision predicts that as a result of this policy, the ordinary dividend payout ratio will range from 25% to 50%.

Manner and timing of dividend payments

Payment of any dividends in cash will be made in euros. Dividends paid to shareholders through Euroclear Nederland will be automatically credited to the relevant shareholders’ accounts without the shareholders presenting documentation to prove their share ownership. Dividend payments on the shares held in registered form (i.e. not held through Euroclear Nederland, but directly) will be made directly to the relevant shareholder using the information contained in GrandVision’s shareholders’ register and records.

Dividend payments on GrandVision shares are generally subject to withholding tax in The Netherlands.

Uncollected dividends

A claim for any declared dividends or other distributions lapses five years after the date they were released for payment. Any dividend or distribution not collected within this period will be considered to be forfeited to GrandVision.

2019 and 2020 Dividend

Contingent upon the Company's financial position not being materially worsened due to the impact of the second wave of the COVID-19 pandemic in 1Q 2021, GrandVision confirms its intention to propose a dividend of EUR 0.35 per share for the fiscal year 2019 at the Annual General Meeting on 23 April, 2021.

If the above mentioned divided is proposed and subsequently approved, the shares will trade ex-coupon as of 27 April, 2021 and dividends will be payable from 4 May, 2021. The record date will be 28 April, 2021.

GrandVision will not propose at this time a dividend for the fiscal year 2020.