Apr. 27, 2009 (Hugin AS) --
At today's Annual General Meeting, shareholders of Akzo Nobel (OOTC:AKZOY) N.V.
(AkzoNobel) adopted the company's 2008 financial statements and
approved the dividend for the 2008 financial year at ¤1.80 (2007:
¤1.80) per common share.
This results in a dividend payment of ¤417 million, representing a
payout ratio of 48 percent relative to net income before incidentals
and fair value adjustments related to the ICI acquisition. An interim
dividend of ¤0.40 was paid in November 2008, which means the final
dividend will be ¤1.40 per share.
The final dividend will be made payable from May 7, 2009, and
AkzoNobel shares will be traded ex-final dividend on Euronext
Amsterdam from April 29, 2009. Record date is May 4, 2009.
Changes to the Supervisory Board
Following the resignation of former Chairman of the Supervisory
Board, Mr. Maarten van den Bergh, on medical grounds, shareholders
approved the proposal to reduce the number of Supervisory Board
members from nine to eight.
Changes in the Board of Management
Also at today's meeting, Mr. Tex Gunning, formerly Managing Director
of AkzoNobel Decorative Paints, was officially appointed to the Board
of Management and will be the Board member responsible for Decorative
Paints.
Long-term incentives
Shareholders today approved linking 50 percent of the long-term
incentive program for the Board of Management to the company's
ranking on the Dow Jones Sustainability Indexes.
- - -
AkzoNobel is proud to be one of the world's leading industrial
companies. Based in Amsterdam, the Netherlands, we make and supply a
wide range of paints, coatings and specialty chemicals - 2008 revenue
totaled ¤15.4 billion. In fact, we are the largest global paints and
coatings company. As a major producer of specialty chemicals we
supply industries worldwide with quality ingredients for life's
essentials. We think about the future, but act in the present. We're
passionate about introducing new ideas and developing sustainable
answers for our customers. That's why our 60,000 employees - who are
based in more than 80 countries - are committed to excellence and
delivering Tomorrow's Answers Today(TM).
Not for publication - for more information
Akzo Nobel nv
Corporate Media Relations, tel. +31 20 502 7833
Corporate Investor Relations, tel. +31 20 502 7856
Contact: Tim van der Zanden
Contact: Huib
Wurfbain, Ivar Smits
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
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