Boskalis: 2013 Financial Statements Adopted (The Netherlands)

2013 Financial Statements Adopted

Royal Boskalis Westminster N.V. announced that the Annual General Meeting of Shareholders adopted the 2013 financial statements at the annual meeting held today.

All other voting items were also adopted, including:

Reappointment

The Meeting reappointed Mr. H.J. Hazewinkel as member and deputy chairman of the Supervisory Board for a term of four years.

Dividend

The Meeting approved the proposed dividend of EUR 1.24 per share to be distributed in ordinary shares, unless the shareholder opts to receive a cash dividend. The relevant option period will commence on 20 May 2014 and close on 2 June 2014. The dividend will be payable from 11 June 2014.

External auditor

The Meeting approved the appointment of EY as the Company’s auditor as from the 2014 financial year.

Authorization of share buyback program

Within the framework and principles of the Corporate Business Plan for the period 2014-2016 the company previously announced the intention to launch a share buyback program for up to 10 million shares. The program will be executed in the period 2014-2016 subject to the development of results and maintaining the desired balance sheet ratios. To enable the execution of the program the Meeting granted authorization to the Board of Management to repurchase up to 10 per cent of the total issued share capital over a period of 18 months.

Reduction of issued share capital

In connection with the share buyback program the Meeting granted approval for repurchased shares to be canceled and thereby reducing the issued share capital.

Other announcements

Furthermore the Supervisory Board reappointed Mr. J.H. Kamps, currently CFO and member of the Board of Management, for a period of four years. In addition the appointment of Mr. F.A. Verhoeven, member of the Board of Management, was extended for a period of one year until the Meeting of 2016. Mr. A. Goedée has stepped down from the Board of Management of the Company with effect from today.

[mappress]

Press Release, May 13, 2014

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