Arnhem, the Netherlands, April 25, 2007 – The meeting of shareholders of Akzo Nobel (Euronext Amsterdam: AKZ; Nasdaq: AKZOY) today adopted the 2006 annual accounts and approved the dividend for the 2006 financial year at EUR 1.20 (2005: EUR 1.20) per common share.
This results in a dividend payment of EUR 334 million, representing a payout ratio of 39% relative to net income. An interim dividend of EUR 0.30 was paid in October 2006, which means the final dividend will be EUR 0.90 per share. The final dividend will be made payable from May 7, 2007, and Akzo Nobel shares will be traded ex-final dividend on Euronext Amsterdam from April 27, 2007.
in the Supervisory Board
today’s meeting, shareholders appointed Peggy Bruzelius, former CEO of ASEA Brown Boveri AB, and former Executive Vice-President of Skandinaviska Enskilda Banken, for a four-year term.
van Lede was not available for reappointment. His departure brings to an end a long and distinguished career with Akzo Nobel. During the meeting, Maarten van den Bergh, Chairman of the Supervisory Board, expressed the company’s deep appreciation to Mr. van Lede for his outstanding services and invaluable contribution.
reached the mandatory age limit, Abraham Cohen resigned. Alan Mérieux also resigned from the Supervisory Board, for personal reasons. Akzo Nobel acknowledges a debt of gratitude to both Mr. Cohen and Mr. Mérieux for their outstanding services to the company.
Ernst Bufe was reappointed for another term of four years.