About DPA shares

Shares in DPA Group N.V. are listed on the Euronext Amsterdam stock exchange and are traded under the ticker symbol DPA (ISIN NL0009197771). The shares listed are registered shares. One listed ordinary DPA share entitles the holder to one vote. The Netherlands is the Member State of Origin of DPA Group (in accordance with the EU Transparency Regulation).

Share capital

The company’s registered capital is €15 million and is divided into 150 million ordinary shares worth €0.10 each. The total number of shares outstanding is 46,968,197 (as of 26 March 2020). DPA maintains no cumulative preference shares or priority shares. Each share entitles the holder to one vote.

Disclosure of major holdings

As of 31 December 2019, these parties held a stake in DPA of three per cent or more. This information was sourced from the Dutch Disclosure of Major Holdings Act (Wet melding zeggenschap/Wmz) drafted by the Netherlands Authority for the Financial Markets (AFM).

  • Nobu Holding B.V. (via Nobu Participaties B.V.) - 1 September 2016: 11.6%
  • Navitas B.V. - 3 June 2016: 9.2%
  • O.O. Berten (via O.O. Berten Holding B.V.) - 23 April 2015: 7.0%
  • Quinta Bliss B.V. (via Belamog B.V.) - 13 June 2019: 6.0%
  • R.E. Strating (via TBL Investments B.V.) - 13 June 2019: 5.8%
  • M.C.M. Strating-Schulte Fischedick (via Binkmans Beheer B.V.) - 13 June 2019: 5.7%
  • I.E. Strating (via Boezebelle B.V.) - 13 June 2019: 5.7%
  • Stichting Gratitudine (via Montescudaio CV) - 30 August 2018: 5.0%
  • Otus Capital Management Ltd. (via The Maga Micro Cap Fund, The Regents of the University of Michigan, Crown/Otus Equities Europe Segregated Portfolio) - 16 February 2017: 5.0%
  • KasTrust Bewaarder Gestion Actief Beheer Fonds B.V. - 1 July 2013: 4.9%
  • Praude Asset Management (via Hermes Linder Fund SICAV PLC) - 30 October 2017: 3.1%
  • NN Group N.V. - 11 December 2019: 3.0%

For a list of disclosures, please see www.afm.nl under the section titled ‘Professionals’ and then ‘Registers’ and ‘Substantial holdings’.

Dividends Policy

DPA aims to pay its shareholders a dividend of 50% of its net earnings. The company’s Management Board decides what portion of the profit is retained, subject to the approval of the Supervisory Board. DPA discusses its profit retention and dividend policy as a separate agenda item during the Annual Meeting of Shareholders. During the meeting of 16 May 2019, the shareholders approved a dividend payment of €0.09 per share in 2019. In line with the company’s dividend policy, this would then mean, for 2019, that €4.1 million must be added to the reserves and that €3.8 million would become available as dividend. The dividend would consequently amount to €0.08 per share (versus €0.09 in 2018). Due to the current uncertainty related to the COVID-19 pandemic, we propose to the General Meeting of Shareholders that no dividend should be paid for 2019 and that the full net earnings of €7.8 million should be added to the reserves.

Liquidity provider

Kempen & Co is acting as a liquidity provider for DPA shares in 2020, which is to say that this bank acts in the market as a counterparty for buy and sell orders. The bid and offer prices in a range are set based on the most recently traded price, so as to offset relatively smaller buy or sell orders. This results in a fairer and more orderly market.