DeZwarteRidder schreef op 12 mei 2022 10:41:
Dividends / capital allocation
In February, OCI announced a semi-annual distribution for the period H2 2021 of €1.45 per share (c.$320 million in total at current exchange rates). OCI convened an extraordinary shareholder meeting on 28 March 2022 at which time the distribution was approved through a repayment of capital or, at the election of shareholders, as a regular dividend.
The ex-dividend and record date for the distribution will be confirmed following a statutory two-month creditor opposition period, which lapses on 30 May 2022. In case of no objections, the ex-dividend date will be 6 June, and the record date 7 June, and payment in the week commencing 20 June following an election period – offering shareholders who do not wish to receive the distribution as a capital repayment the option to elect to receive a dividend instead.Distributions will be made twice per year, and based on the current outlook for OCI, the cash distribution with respect to H1 2022 is expected to be significantly higher than the €1.45 / share to be paid with respect to the period H2 2021.