2019 Annual Integrated Report

The Board of Directors decided to recommend to the General Shareholders’ Meeting of May 12, 2020 the payment of a total gross dividend of €3.75 per share.

The dividend for the fiscal year 2019 is in line with the Group’s dividend policy of maintaining a stable to increasing dividend whenever possible and, as far as possible, never reducing it.

Given the interim dividend of €1.50 gross per share, with 30% withholding tax, paid on January 20, 2020, the balance of the dividend in respect of 2019, equals €2.25 gross per share, which will be paid on May 20, 2020, provided prior agreement by General Shareholders Meeting.