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AkzoNobel shareholders adopt all resolutions, approve dividend at AGM

AMSTERDAM, Netherlands, April 20, 2016 (GLOBE NEWSWIRE) -- Shareholders of Akzo Nobel N.V. (AkzoNobel) adopted all the resolutions at today's Annual General Meeting (AGM). As well as adopting the company's 2015 financial statements, it was agreed that the 2015 financial year dividend would be €1.55 (2014: €1.45) per common share. An interim dividend of €0.35 was paid in November 2015, which means the final payment will be €1.20 per share.

The final dividend will be paid on May 19, 2016. Under the conditions to be published by the company, and at the shareholder's election, this dividend will be paid either in cash or in stock. The AkzoNobel shares will be traded ex-dividend on Euronext Amsterdam as of April 22, 2016. The record date is April 25, 2016.

Appointments

Mr. Ton Büchner was reappointed as a member of the Board of Management by the shareholders and was duly reappointed as CEO by the Supervisory Board. Ms. Sari Baldauf and Mr. Ben Verwaayen were reappointed as members of the Supervisory Board for a second term of office. Dr. Pamela Kirby was appointed to the Supervisory Board for a first term of office.

Chairman of the Supervisory Board, Mr. Antony Burgmans, said: "We look forward to continuing to work with Mr. Büchner, Ms. Baldauf and Mr. Verwaayen for the next four years. We are also pleased to welcome Dr. Kirby to AkzoNobel. She has an extensive background and strong record in international commercial and strategic management, and will bring a wealth of experience in both business-to-business, as well as business-to-customer strategic expertise. We wish her every success in her new role."

AkzoNobel creates everyday essentials to make people's lives more liveable and inspiring. As a leading global paints and coatings company and a major producer of specialty chemicals, we supply essential ingredients, essential protection and essential color to industries and consumers worldwide. Backed by a pioneering heritage, our innovative products and sustainable technologies are designed to meet the growing demands of our fast-changing planet, while making life easier. Headquartered in Amsterdam, the Netherlands, we have approximately 45,000 people in around 80 countries, while our portfolio includes well-known brands such as Dulux, Sikkens, International, Interpon and Eka. Consistently ranked as a leader in sustainability, we are dedicated to energizing cities and communities while creating a protected, colorful world where life is improved by what we do.

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Safe Harbor Statement

This press release contains statements which address key issues such as AkzoNobel's growth strategy, future financial results, market positions, product development, products in the pipeline and product approvals. Such statements should be carefully considered, and it should be understood that many factors could cause forecasted and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. For a more comprehensive discussion of the risk factors affecting our business please see our latest annual report, a copy of which can be found on our website www.akzonobel.com

Media Release AGM 2016 http://hugin.info/130660/R/2005230/740569.pdf

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Source:Akzo Nobel NV