Annual Report 2019

9. Appropriation of Result

In accordance with the resolution of the General Meeting of Shareholders held on 26 April 2019, the result for 2018 has been appropriated in conformity with the proposed appropriation of result stated in GrandVision's 2018 Annual Report.

For 2019, it is proposed to the General Meeting to distribute a total dividend of €88,779 or € 0.35 per share. If the proposal is approved by the General Meeting, the dividend will be payable as from 4 May 2020. The net result for 2019 amounts to €178,483 and €89,704 will be added to the retained earnings reserve.

For 2018, a total dividend of EUR 0.33 per share was paid out in the first half year of 2019 for a total of €83,743.