The proposed dividend policy was accepted at the General Meeting of Shareholders on 12 March 2015. This policy means that with effect of the 2014/2015 financial year SnowWorld N.V. will pay out a dividend payout ratio of approximately 30% to 50% of the result after tax. There is a possibility of proposing an optional dividend (cash dividend or stock dividend).
During the shareholders' meeting of 11 March 2016 the dividendproposal for 2014/2015 was adopted. Click here for the content and implementation of the approved proposal.
During the shareholders' meeting of 17 March 2017 the dividendproposal for 2015/2016 was adopted. Click here for the content and implementation of the approved proposal.
Given the strategy of SnowWorld, which will require substantial investments in the coming years, SnowWorld has decided to present its shareholders with a new dividend policy. The new dividend policy means that it is proposed to fully retain the net profit in the coming years and to use it for investements and financing of the growth of SnowWorld. In the framework of the adjusted dividend policy, it will be proposed to the Annual General Meeting of Shareholders of 16 March 2018 that the dividend will be passed for the 2016/2017 financial year and that the result will be added to the reserves.