1) Adjustment of the previous year's figure due to an error correction in accordance with IAS 8.41
Despite the volatility seen on equity markets throughout the year, DVB’s share price proved to be resilient – given the described market conditions – and gratifyingly stable, reflecting above all the narrow market in which the shares trade, due to the low free float.
The DVB share price was only exposed to moderate fluctuations during the course of 2015, reaching its high for the year of €25.69 on 4 June 2015. The lowest price of €24.50 was recorded between the 12 and 18 November 2015. At the year-end, the DVB share was quoted at €24.75, equivalent to a market capitalisation of €1.2 billion.
Shareholders were paid a dividend of €0.60 per notional no-par value share from DVB Bank SE's net retained profit for 2014. The Board of Managing Directors and the Supervisory Board will propose to the Annual General Meeting on 23 June 2016 to distribute a dividend of €0.30 per notional no-par value share for the financial year 2015 (2008-2014: €0.60 per notional no-par value share).
© DVB Bank SE 2017
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