From admission to listing and trading on Euronext Amsterdam, Universal Music Group N.V. plans to annually declare and pay dividends to all holders of UMG shares on a pro rata basis in two semi-annual installments, in an aggregate amount of not less than 50% of its net profits realized during the relevant financial year, subject to agreed non-cash items and subject further to any applicable laws on dividend payments. In line with this planning, Universal Music Group intends to pay an interim dividend in the fourth quarter of each financial year, after the publication of its semi-annual financial report, and a final dividend in the second quarter of the following financial year, following the adoption of its financial statements at its annual general meeting of shareholders.
The following timetable shall apply with respect to the payment of the interim dividend of EUR 0.24 per share: October 5, 2022: Ex-dividend date; October 6, 2022: Dividend record date; and October 28, 2022: Interim dividend payment date.
Dividend Reinvestment Plan
ABN AMRO Bank N.V. is responsible for the execution of the interim and final dividend payments on behalf of Universal Music Group and offers shareholders the option to participate in a so-called dividend reinvestment plan (a DRIP). By participating in the DRIP, shareholders can reinvest their net interim and final cash dividends by purchasing additional UMG shares. Further information regarding the DRIP will be made available to shareholders through their financial intermediaries.