DIVIDEND POLICY The Company aims to achieve a stable pay-out ratio aimed at the payment of 25% to 35% of its operational result after deprecation and transfer income result, and after taxation. The Ordinary Shares will be entitled to the dividend for the financial year 1998/1999 and subsequent financial years. No dividend will be paid over the 1997/1998 financial year. The Company intends to pay the dividend promptly after the annual General Meeting of Shareholders. With due observance of the relevant provisions in the Articles of Association, holders of Ordinary Shares can be offered an optional dividend and an interim dividend.


Jaarverslagen Ajax NV (vanaf 1997) | 1998 | | pagina 41