Breukelen, the Netherlands – March 30, 2022 at 8 AM CET – TIE Kinetix, a leader in 100% supply chain digitalization, announces the timeline and procedures related to the distribution of its 2022 interim dividend.
During the Annual General Meeting, held on 25 March 2022, the Company’s shareholders approved the distribution of an interim dividend for the financial year 2022 from the Company’s equity reserves, in the amount of € 0.50 per share. With this first dividend in the Company’s history, TIE Kinetix paves the way for execution of its new dividend policy.
Shareholders shall have the choice between a cash dividend or a stock dividend in the form of ordinary shares in the Company. The ex-dividend date is 7 April 2022. Dividend is owed to all holders of ordinary shares after market close on the preceding day. The date of record is 8 April 2022, during which all shareholders of the Company shall be identified.
Shareholders can indicate their choice of either cash or shares to their bank during the election period as indicated in the schedule below. Shareholders that do not make an election for either option before the end of the election period will receive a stock dividend. Dividends in cash shall be distributed after deduction of dividend withholding taxes of 15%.
The stock fraction shall be determined based on the volume weighted average share price on trading days 19 April, 20 April, 21 April and 22 April 2022. The stock fraction for the distribution of the stock dividend shall be communicated by the Company on 25 April 2022, after close of trading on the respective day. Only whole shares shall be issued. For any remaining shares that are held by a shareholder for which no new full share can be issued (fractions), dividends shall be paid in cash (net of dividend withholding taxes).
Cash dividends shall be paid on, and issuance of new shares shall commence on 29 April 2022. Any new shares issued shall carry the same rights as existing shares and shall therefore be eligible for future dividends. Shares shall be emitted without issuance of a prospectus based on the exemption of Article 1, paragraph 4, sub h of the EU Prospectus Directive.
Cautionary statement regarding forward-looking information
This document may contain expectations about the financial state of affairs and results of the activities of TIE Kinetix as well as certain related plans and objectives, and may be expressed in a variety of ways, such as ‘expects’, ‘projects’, ‘anticipates’, ‘intends’ or similar words. TIE Kinetix has based these forward-looking statements on its current expectations and projections about future events. Such expectations for the future are naturally associated with risks and uncertainties because they relate to future events, and as such depend on certain circumstances that may not arise in future. Various factors may cause real results and developments to deviate considerably from explicitly or implicitly made statements about future expectations. Such factors may for instance be changes in expenditure by companies in important markets, in statutory changes and changes in financial markets, in the salary levels of employees, in future borrowing costs, in future take-overs or divestitures and the pace of technological developments. TIE Kinetix therefore cannot guarantee that the expectations will be realized. TIE Kinetix also refuses to accept any obligation to update statements made in this document.
About TIE Kinetix
At TIE Kinetix, we help companies of all sizes achieve their digitalization goals. From 1% to 100% or anywhere in between, our cloud-native FLOW Partner Automation platform is designed to completely eliminate paper from the supply chain, enabling our customers to focus on three corporate initiatives that drive true organizational change: business process efficiency, compliance, and corporate social responsibility (CSR).
We believe that digitalization (not digitization) is the future. We believe in conscious development, and we believe in moving ourselves and our customers forward. More than 2,500 companies have chosen TIE Kinetix to support their EDI, e-invoicing, and general digitalization projects, and we proudly facilitate the exchange of over 81 million documents through FLOW each year—the equivalent of 10,000 trees saved.
Founded in 1987, TIE Kinetix is a public company (Euronext: TIE) with offices in the Netherlands (HQ), France, Germany, Australia, and the United States. For more information, visit www.TIEKinetix.com, and follow us on LinkedIn, Twitter, Facebook, Xing, and YouTube.
For more information please contact:
TIE Kinetix N.V.
Michiel Wolfswinkel, CFO
De Corridor 5d
3621 ZA Breukelen
T: +31 (0) 88 3698060