AIRBUS - 2019 Registration Document

General Description of the Company and its Share Capital  / 3.4 Dividends

3.4 Dividends

3.4.1 Dividends and Cash Distributions Paid

Cash distributions paid to the shareholders are set forth in the table below:

Financial year

Date of the cash distribution payment

Gross amount per share (1)

Adjusted amount per share (2

2015

3 May 2016

€1.30

€ 1.314

€1.35

€ 1.345

2016

20 April 2017

€1.50

€ 1.497

2017

18 April 2018

€1.65

€ 1.65

2018

17 April 2019

(1) Note: figures take into account the number of shares outstanding at the date of payment. (2) Note: amounts per share adjusted to the current number of shares outstanding as of 31 March 2019.

3.4.2 Dividend Policy of the Company

In December 2013, the Company formalised a dividend policy demonstrating a strong commitment to shareholders’ returns. This policy targets sustainable growth in the dividend within a payout ratio of 30%-40%. Based on earnings per share (EPS) of €3.94 and a net income of €3,054 million, the Board of Directors proposed to the AGM the payment to shareholders on 17 April 2019 of a dividend of € 1.65 per share (FY 2017: €1.50). This value is at the upper end of the dividend policy reflecting our strong 2018 achievements, including the positive evolution of the 2018 underlying performance and our 2018 cash generation. It highlights our confidence in our future financial performance as well as ongoing commitment towards sustained dividend growth and increasing shareholder returns. The record date is 16 April 2019. This proposed dividend represents year-on-year dividend per share increase of 10%.

3.4.3 Unclaimed Dividends

dividends shall lapse five years after the day on which the claim for payment of the dividend against which the interim dividend could be distributed becomes due and payable.

Pursuant to the Articles of Association, the claim for payment of a dividend or other distribution approved by the shareholders’ meeting shall lapse five years after the day on which such claim becomes due and payable. The claim for payment of interim

3.4.4 Taxation

and which may be substantially different from the general rules described below. Investors who are in doubt as to their tax position in the Netherlands and in their state of residence should consult their professional advisors. Where the summary refers to “the Netherlands” or “Netherlands” or “Dutch”, it refers only to the European part of the Kingdom of the Netherlands.

The statements below represent a broad analysis of the current tax laws of the Netherlands. The description is limited to the material tax implications for a holder of the Company’s shares (the “ Shares ”) who is not and is not deemed to be resident in the Netherlands for any Dutch tax purposes (a “ Non-Resident Holder ”). Certain categories of holders of the Company’s shares may be subject to special rules which are not addressed below

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Airbus / Registration Document 2018