TKH's shares are listed on the Euronext Amsterdam stock exchange. They have been assigned to the Mid Cap index (AMX). In addition, TKH shares are also listed in the Next 150 Index established by Euronext. Options on shares in the TKH Group (ticker symbol: TKG) are available on NYSE Liffe, the European derivatives branch of NYSE Euronext (NYX). The options expire on the third Friday of the contract month and have an initial term of 1 to 9 months. Each option represents 100 TKH shares.

TKH’s share structure

  • With the exception of registered shares, ordinary shares in the company are transferred by notarial deed to Stichting Administratiekantoor TKH Group (“Stichting Administratiekantoor”). In exchange for these shares Stichting Administratiekantoor issues depositary receipts for those shares. The voting rights to the shares are vested in Stichting Administratiekantoor. If requested to do so by depositary receipt holders, Stichting Administratiekantoor authorises them to cast a vote to the exclusion of Stichting Administratiekantoor based on the shares for which the holder has depositary receipts in the general meeting specified in the relevant proxy. The authorisation is not restricted and is therefore not subject to any conversion limit. Under the terms of Section 2:118a of the Dutch Civil Code Stichting Administratiekantoor is not required to issue a proxy and may revoke one.
  • Priority shares are managed by the Stichting Prioriteit foundation, which comprises the company's Executive Board members. The foundation may not alienate, pledge or otherwise encumber shares. No special rights have been assigned to priority shares.
  • By means of a call option TKH has conferred on Stichting Continuïteit the right to acquire cumulative protective preference shares in TKH subject to a maximum of 50% of the amount of the other shares outstanding at the time of placement of the protective shares or 100% should the limitation on conversion of depositary receipts cease to apply.

Shareholders

In the context of disclosure of controlling and equity interests the Dutch Authority for the Financial Markets (AFM) has published the following statement of the reported interests in TKH:

Dividend policy

At TKH Group we aim to give our shareholders an attractive return on their investment. We underline that aim with a commensurate dividend policy. Healthy balance sheets are of great importance to the continuity of our company. When calculating the dividend, for instance, we take into account the profit that we have to retain in order to carry out our plans for the mid-long term, while keeping solvency of at least 35%. Based on the growth targets for the coming years, we are aiming for a pay-out of between 40% and 70%.

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