April 22, 2015
Shareholders of Akzo Nobel N.V. (AkzoNobel) adopted all the resolutions at today's Annual General Meeting (AGM). As well as adopting the company's 2014 financial statements, it was agreed that the 2014 financial year dividend would be €1.45 (2013: €1.45) per common share. An interim dividend of €0.33 was paid in November 2014, which means the final payment will be €1.12 per share.
The final dividend will be paid on May 19, 2015. Under the conditions to be published by the company, and at the shareholder's election, this dividend will be paid either in cash or in stock. The AkzoNobel shares will be traded ex-dividend on Euronext Amsterdam as of April 24, 2015. The record date is April 27, 2015.
Supervisory Board changes
During 2014, the Supervisory Board lost a valued member when Mr. Dolf van den Brink passed away in December. Paying tribute to his former colleague, Supervisory Board Chairman Antony Burgmans said: "Dolf was a valued and trusted member of AkzoNobel's Supervisory Board for ten years. He brought a great deal of wisdom and professional expertise to the company and leaves a professional legacy which we will continue to draw from." Mr. Hughes acted as interim chairman of the Audit Committee to replace Mr. Van den Brink.
Mrs. Peggy Bruzelius was re-appointed to the Supervisory Board for a third term of office. Mr. Uwe-Ernst Bufe stepped down from the Supervisory Board at the AGM, having completed the maximum of three terms of office since joining in 2003. Mr. Dick Sluimers was appointed to the Supervisory Board for a first term of office.
Said Mr. Burgmans: "We would like to thank Uwe-Ernst Bufe for his commitment to the work of the Supervisory Board over the past 12 years and wish him well in his future activities. We are also pleased to welcome Mr. Sluimers to AkzoNobel. He is a recognized expert in finance and will bring a wealth of experience in both public and private sector finance and commercial management. We wish him every success in his new role."
Supervisory Board Committees
The changes to the membership of the Supervisory Board have also led to changes in the membership of its committees:
· Mr. Sluimers has been appointed to the Audit Committee, joining Mrs. Bruzelius, Mr. Hughes and Mr. Grote.
· Mr. Grote has been appointed as chairman of the Audit Committee.
- - -
AkzoNobel is a leading global paints and coatings company and a major producer of specialty chemicals. Calling on centuries of expertise, we supply industries and consumers worldwide with innovative products and sustainable technologies designed to meet the growing demands of our fast-changing planet. Headquartered in Amsterdam, the Netherlands, we have approximately 46,000 people in around 80 countries, while our portfolio includes well-known brands such as Dulux, Sikkens, International, Interpon and Eka. Consistently ranked as one of the leaders in the area of sustainability, we are committed to making life more liveable and our cities more human.
Not for publication - for more information
| Corporate Media Relations | Corporate Investor Relations |
| T +31 (0)20 - 502 7833 | T +31 (0)20 - 502 7854 |
| Contact: Diana Abrahams | Contact: Lloyd Midwinter |
Safe Harbor Statement
This press release contains statements which address key issues such as AkzoNobel's growth strategy, future financial results, market positions, product development, products in the pipeline and product approvals. Such statements should be carefully considered, and it should be understood that many factors could cause forecasted and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. For a more comprehensive discussion of the risk factors affecting our business please see our latest annual report, a copy of which can be found on our website www.akzonobel.com
