Share and shareholders
Over the past 10 years Gimv has paid out dividends totalling EUR 24.5 per share. This gives each shareholder a very attractive return on top of the appreciation of the assets. Gimv is committed to continuing this path in the future.
Dividend policy
The board of directors will be proposing a gross dividend of EUR 2.45 per share (EUR 1.84 net) to the general shareholders meeting in June by which it is maintained at the level of the last year. Based on the closing price of 30 March 2012 (EUR 38.25), this amounts to a gross dividend yield of 6.4 percent. This evolution is consistent with Gimv’s dividend policy, which consists of keeping the dividend at the same level –except in exceptional circumstances- and increasing it in a sustainable manner if possible. This year Gimv has decided to offer its shareholders a stock dividend option. For Gimv this could result in a stronger capital base and thus more opportunities to invest in new growth stories.
Since Gimv's result as an investment company depends on the sale of its investments and the evolution in the value of the portfolio, Gimv cannot guarantee that this policy will be continued in the future.
Shareholding structure
The Gimv share has been listed on NYSE Euronext Brussels since 26 June 1997. The capital of Gimv amounts to EUR 220 million and is represented by 23 176 005 fully paid-up shares without nominal value. All shares are listed on Euronext Brussels, have the same rights and fractional value and are fully paid up. The largest shareholder in Gimv is the Vlaamse Participatiemaatschappij (VPM). On 31 March 2012 it controlled 27.06 percent of the capital or 6 270 403 shares. All other shares are distributed among the investing public.
Gimv attaches the highest importance to providing accurate and timely information to both individual and institutional investors. For this it uses various communication channels, including the website, annual report and regular press releases.
