NEOPOST - 2018 Registration document

6

Financial statements

Analysis of Neopost S.A.’s annual results

Dividends

As part of its "Back to Growth" strategy, the Group has decided to adapt its shareholder return policy and to set its annual pay-out ratio at a minimum of 20% of the Group net attributable income with the minimum annual dividend set at an absolute floor of 0.50 euro per share. Consequently, the Board of directors has decided to submit a dividend of 0.53 euros per share for approval at the Annual General Meeting of shareholders on 28 June 2019, in respect of the 2018 financial year, representing an annual pay-out ratio of 20%.

If approved, the dividend will be paid in cash in one instalment on 6 august 2019.

The Board of directors proposes the following allocation of income:

(In euros)

31 January 2019

Allocation of income subject to the approval of the Annual General Meeting of shareholders: Retained earnings •

241,899,654.21

• •

2018 net income

38,488,730.06

Deduction from issue premium

-

TOTAL

280,388,384.27

Allocation:

• • •

Legal reserve

-

2018 dividends

18,233,283.13

Retained earnings

262,155,101.14

TOTAL

280,388,384.27

The total amount of dividends paid for the three previous years may be found in the table for the five previous financial years.

Statutory Auditors’ engagement

Finexsi Audit, represented by Lucas Robin; • Ernst & Young et Autres, represented by Pierre Bourgeois, whose mandate expires at the general meeting called to approve the • accounts as at 31 January 2019.

Post-closing events

There has been no material change in the Company’s commercial or financial situation between the year-end closing as at 31 January 2019 and the publication date of this report.

2019 Outlook

Neopost S.A. will continue to act as the holding Company for the Neopost group.

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REGISTRATION DOCUMENT 2018 / NEOPOST