Results of ING 2019 AGM
The Annual General Meeting (AGM) of ING Groep N.V. adopted the 2018 Annual Accounts today and declared a total dividend for 2018 of €0.68 per ordinary share. Taking into account the interim cash dividend of €0.24 paid in August 2018, the final dividend amounts to €0.44 per share, to be paid fully in cash. ING’s shares will be quoted ex-dividend on Euronext Amsterdam as of 25 April 2019. The record date for the final dividend 2018 entitlement is 26 April 2019. The final dividend will be made payable on 2 May 2019. For holders of American Depositary Receipts (ADR), the final dividend will be made payable on 9 May 2019.
In addition to the above, the AGM also approved the reappointment of KPMG as external auditor. The AGM did not discharge the (former) members of the Executive Board and Supervisory Board from their potential liability against the company for their duties performed in the 2018 financial year.
The AGM appointed CFO Tanate Phutrakul as a member of the Executive Board of ING. The AGM reappointed Mariana Gheorghe to the Supervisory Board of ING. In addition, the AGM appointed Mike Rees and Herna Verhagen as members of the Supervisory Board. As announced earlier, Henk Breukink has retired from the Supervisory Board as per the end of the AGM 2019.
After the AGM, the Supervisory Board of ING consists of:
|Hans Wijers (chairman)||Margarete Haase|
|Jan Peter Balkenende||Robert Reibestein|
|Eric Boyer de la Giroday||Herna Verhagen
(effective per 1 October 2019)
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Certain of the statements contained herein are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to a number of factors, including, without limitation: (1) changes in general economic conditions, in particular economic conditions in ING’s core markets, (2) changes in performance of financial markets, including developing markets, (3) potential consequences of the United Kingdom leaving the European Union or a break-up of the euro, (4) changes in the fiscal position and the future economic performance of the US including potential consequences of a European sovereign debt crisis (5) potential consequences of a European sovereign debt crisis (6) changes in the availability of, and costs associated with, sources of liquidity such as interbank funding, (7) changes in the conditions in the credit and capital markets generally, including changes in borrower and counterparty creditworthiness, (8) changes affecting interest rate levels, (9) inflation and deflation in our principal markets, (10) changes affecting currency exchange rates, (11) changes in investor and customer behaviour, (12) changes in general competitive factors, (13) changes in or discontinuation of ‘benchmark’ indices, (14) changes in laws and regulations and the interpretation and application thereof, (15) changes in compliance obligations including, but not limited to, those posed by the implementation of DAC6, (16) geopolitical risks, political instability and policies and actions of governmental and regulatory authorities, (17) changes in standards and interpretations under International Financial Reporting Standards (IFRS) and the application thereof, (18) conclusions with regard to purchase accounting assumptions and methodologies, and other changes in accounting assumptions and methodologies including changes in valuation of issued securities and credit market exposure, (19) changes in ownership that could affect the future availability to us of net operating loss, net capital and built-in loss carry forwards, (20) changes in credit ratings, (21) the outcome of current and future legal and regulatory proceedings, (22) operational risks, such as system disruptions or failures, breaches of security, cyber-attacks, human error, changes in operational practices or inadequate controls including in respect of third parties with which we do business, (23) risks and changes related to cybercrime including the effects of cyber-attacks and changes in legislation and regulations related to cybersecurity and data privacy, (24) the inability to protect our intellectual property and infringement claims by third parties, (25) the inability to retain key personnel, (26) business, operational, regulatory, reputation and other risks in connection with climate change, (27) ING’s ability to achieve its strategy, including projected operational synergies and cost-saving programmes and (28) the other risks and uncertainties detailed in the most recent annual report of ING Groep N.V. (including the Risk Factors contained therein) and ING’s more recent disclosures, including press releases, which are available on www.ING.com, (29) this document may contain inactive textual addresses to internet websites operated by us and third parties. Reference to such websites is made for information purposes only, and information found at such websites is not incorporated by reference into this document. ING does not make any representation or warranty with respect to the accuracy or completeness of, or take any responsibility for, any information found at any websites operated by third parties. ING specifically disclaims any liability with respect to any information found at websites operated by third parties. ING cannot guarantee that websites operated by third parties remain available following the publication of this document, or that any information found at such websites will not change following the filing of this document. Many of those factors are beyond ING’s control.
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