On March 05, 2013, MHP S.A. Board of Directors approved the adoption of a dividend policy which maintains a balance between the need to invest in further development and the right of shareholders to share the net profit of the Company. The dividend policy confirms the Company's intention to pay annual dividends to the shareholders on a regular basis. The size of the issued dividends is decided on a case-by-case basis by the Board of Directors and approved by the General Meeting (but with the goal of generally paying of up to 50% of the consolidated net profit for the respective year).

 

The history of the dividend payments you can see below:

 

Year

US$ per share

US$ total

2013

US$1.13

US$120 million

2014

US$0.757

US$80 million

2015

US$0.47429

US$50 million

2016

US$0.7529

US$80 million

2017

US$0.7492

US$80 million

 

The Board of Directors of MHP S.A. on March 15, 2017 announced a distribution of the interim dividend to the Company’s shareholders. The interim dividend of US$0.7492 per share equivalent to approximately US$80 million will be paid on March 29, 2017 (the "dividend payment date") to the Company’s shareholders on the register as of March 24, 2017 (the "dividend record date"). The Board of Directors approved that no dividend will be paid on the Company’s shares held in treasury.

 

 

DIVIDEND WITHHOLDING TAX

 

The dividend payment will be subject to the deduction of Luxembourg withholding tax at the rate of 15%.

 

The shareholders are encouraged to seek additional information from their personal legal, tax and financial advisors as to their eligibility to claim back the excessive part of the withholding tax levied in Luxembourg.

 

Shareholders who are eligible to either a reduced withholding tax rate or to a tax exemption may reclaim from the Luxembourg tax authorities the refunding of the partial or total amount of withholding tax.

 

In case that shareholder is eligible to reclaim excessive part of the withholding tax levied in Luxembourg, the shareholder is required to submit to the Luxembourg tax administration the following documents:

 

  • A copy of the bank transfer as evidence that the Company has paid the tax;
  • Copy of the Company dividend withholding tax form 900;
  • Four copies of form 901bis which have to be first attested by the tax administration of the country of residence of the shareholder.