Dividend policy

Dividend policy

On its ordinary shares, Draka aims to distribute a dividend equal to 30% of the result for the year attributable to shareholders (excluding non-recurring items) after the dividend on the preference shares. It is proposed that no dividend on ordinary shares be paid in respect of 2009. In these difficult market conditions, Draka's focus is on maintaining a strong liquidity position. Capital discipline and the proposal to forego this year’s dividend are consistent with this policy.

A dividend of approximately 7.1% is paid to the holders of the preference shares in issue. The total 2009 dividend on preference shares amounts to € 5.4 million.