CTP N.V. 2025 Annual General Meeting voting results and dividend

22 Apr 2025 13:36 CEST

Issuer

CTP N.V.

Regulatory News:

CTP N.V. (‘CTP’ or the ‘Company’), Europe’s largest listed owner, developer and manager of logistics and industrial real estate by gross lettable area, today announces the voting results of the resolutions submitted to the Annual General Meeting of CTP N.V. ('AGM'), held on 22 April 2025.

At 25 March 2025, the record date for the AGM, the total number of issued ordinary CTP N.V. shares was 473,285,561 ordinary shares of which 6,562 are held by CTP as treasury shares. As a result, the total number of voting rights amounted to 473,278,999. There were 442,863,290 ordinary shares represented at the AGM, representing 93.57% of the outstanding ordinary shares at the record date.

All resolutions proposed at the AGM have been adopted. The agenda items and the voting results are listed at the end of this press release. Percentages have been rounded.

During the AGM the Chair of the Board of Directors, Ms. Barbara Knoflach, announced that she will step down by the end of the year. Ms. Barbara Knoflach has chaired the Board of Directors with great dedication since the IPO in 2021, in this period the Company transformed from a fully private company to the listed industry-leader it is today. Remon Vos on behalf of the Board of Directors thanks Ms. Barbara Knoflach for her contributions and strong involvement over the past years. The search for a replacement has been started.

The AGM approved a final dividend of €0.30 per ordinary share for the financial year 2024. The total 2024 dividend amounts to €0.59 per ordinary share, which equates a Company specific adjusted EPRA EPS pay-out of 74%.

The final dividend will be paid either in cash or in shares, at the election of the shareholder. Shareholders are requested to make their election known through their custodian, bank, or stockbroker, who will communicate the preferred election to the Company’s Paying Agent, ING Bank N.V. If no choice is made during the election period, the dividend will be paid by way of a scrip dividend, i.e. in shares.

The dividend in shares is exempt from Dutch dividend withholding tax and the dividend in cash will be paid after the deduction of 15% Dutch dividend withholding tax (if applicable).

The stock fraction for the shares dividend will be based on the volume-weighted average price (VWAP) of the Company’s shares on Euronext Amsterdam of the last three trading days of the election period, ending on 9 May 2025. Rights to fractions of shares will be paid in cash. The Company will announce the conversion ratio for the final dividend on 12 May 2025 and the dividend will be paid out on 15 May 2025.

A timetable of key events is provided below:

24 April 2025	Ex-dividend before opening of business
25 April 2025	Record date dividend at close of business
28 April 2025	Start election period stock or cash dividend
9 May 2025 including	End election period
15 May 2025	Payment date dividend (cash and new shares)

Resolution	For		Against		Abstention	Total shares cast¹
Resolution	Vote	%	Vote	%	Abstention	Vote	%
2(b). Remuneration report (advisory vote)	437,941,934	98.91%	4,847,758	1.09%	73,598	442,863,290	93.57%
2(d). Adoption of the 2024 annual accounts of the Company	442,601,836	99.95%	215,201	0.05%	46,253	442,863,290	93.57%
2(e). Adoption of the final dividend over the financial year 2024	442,646,691	99.95%	215,201	0.05%	1,398	442,863,290	93.57%
3(a). Discharge of the Company's executive directors from liability for their duties in the financial year 2024	441,896,886	99.79%	920,151	0.21%	46,253	442,863,290	93.57%
3(b). Discharge of the Company's non-executive directors from liability for their duties in the financial year 2024	441,896,886	99.79%	920,151	0.21%	46,253	442,863,290	93.57%
4. Re-appointment of Mr. Richard Wilkinson as executive director of the Company	442,374,631	99.89%	481,261	0.11%	7,398	442,863,290	93.57%
5(a). Amendment of the base salary of an executive director of the Company	442,855,738	100%	0	0%	7,552	442,863,290	93.57%
5(b). Amendment of compensation of the Senior Independent Director	435,222,086	98.28%	7,633,652	1.72%	7,552	442,863,290	93.57%
6(a). Appointment external auditor to audit the Company's financial statements (i) Re-appointment KPMG for the financial year 2025	442,855,892	100%	0	0%	7,398	442,863,290	93.57%
6(a). Appointment external auditor to audit the Company's financial statements (ii) Appointment PwC for the financial year 2026, 2027 and 2028	442,855,892	100%	0	0%	7,398	442,863,290	93.57%
6(b). Appointment external auditor to carry out the assurance of the Company's sustainability reporting (i) Appointment KPMG for the financial year 2025	442,855,892	100%	0	0%	7,398	442,863,290	93.57%
6(b). Appointment external auditor to carry out the assurance of the Company's sustainability reporting (ii) Appointment PwC for the financial year 2026, 2027 and 2028	442,855,892	100%	0	0%	7,398	442,863,290	93.57%
7(a). Issue shares	394,934,212	89.18%	47,921,680	10.82%	7,398	442,863,290	93.57%
7(b). Restrict or exclude pre-emptive rights	373,558,913	84.35%	69,296,979	15.65%	7,398	442,863,290	93.57%
7(c). Issue shares or grant rights to subscribe for shares pursuant to an interim scrip dividend	442,726,984	99.97%	128,908	0.03%	7,398	442,863,290	93.57%
7(d). Restrict or exclude pre-emptive rights in relation to an interim scrip dividend	442,635,260	99.95%	220,632	0.05%	7,398	442,863,290	93.57%
7(e). Acquire shares in the share capital of the Company	442,596,444	99.97%	134,320	0.03%	132,526	442,863,290	93.57%

¹ Including abstentions

About CTP

CTP is Europe’s largest listed owner, developer, and manager of logistics and industrial real estate by gross lettable area, owning 13.3 million sqm of GLA across 10 countries as at 31 December 2024. CTP certifies all new buildings to BREEAM Very good or better and earned a negligible-risk ESG rating by Sustainalytics, underlining its commitment to being a sustainable business. For more information, visit CTP’s corporate website: www.ctp.eu.