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Shareholder Information

The par value of ordinary shares of Kardan N.V. is EUR 0.20. The ordinary shares of Kardan N.V. are listed on Euronext Amsterdam since July 10, 2003, with the trading symbol 'KARD'. Kardan is also listed on the Tel Aviv Stock Exchange, with the symbol 'KRNV'. The ISIN code of Kardan N.V. is NL000011365.2 and the Dutch security code (fondscode) is 'KARD'.

Distribution of shares

As of June 30, 2015 a total of 123,022,256 ordinary shares have been issued and are outstanding.

Key financials per share

Key financials per share 2015 2014 2013
Basic earnings (loss) (0.20) 0.05 (0.92)
Diluted earnings (loss) (0.20) 0.05 (0.92)
Equity net of non-controlling interest* 0.58 0.83 0.60

* Excluding treasury shares outstanding as of December 31

Share prices in 2015

Euronext
(EUR)
TEL-AVIV
(NIS)*
Highest share price 0.36 146.1
Lowest share price 0.18 75
Year-end 0.18 75

* in 0.01 NIS

Dividend Policy

The dividend policy will take into consideration the level of net income, liquidity and the capital position, future financing requirements, and financial covenants of Kardan, all within the limitations of the law. If circumstances allow, the dividend policy recommends an annual distribution of between 20% to 30% of net income. Dividend pay-out may vary from year to year.
Kardan reported a net loss of EUR 22.9 million over 2015. Given Kardan’s financial liabilities and commitments towards its Debenture Holders, no dividend will be distributed over 2015.