The Annual General Meeting (AGM) of shareholders of Entertainment Group N.V. (FEG) held on 25 May 2011 in Amsterdam approved a Management Board’s proposal to effect gross dividend payments of EUR 0.30 in cash per share for the financial year 2010.
The dividend record date will be June 8, 2011. On June 6, 2011, the shares will be listed ex-dividend. Actual payment of dividend shall occur ultimately on June 24, 2011.The proposed dividend pay-out for 2010 represents approximately 90% of the net profit from the continuing operations (consolidated accounts) and it is in accordance with the communicated dividend policy - the dividend payout ratio is 70 - 100% of the net profit from the continuing operations (consolidated accounts).
The AGM also adopted the statutory financial statements of the Company for the financial years 2009 and the annual accounts for the financial year 2010 as drawn up by the Management Board and as approved by the Supervisory Board.
The General Meeting took knowledge of the resignation of Mr. Martin Kúšik as a member of the Supervisory Board as of 24 May 2011 and appointed Mr. Marek Rendek as a new member to the Supervisory Board for a period of four (4) years in accordance with the articles of association of the Company. Mr. Rendek´s appointment shall be effective as at 25 May 2011.