For shareholders and financers
SHAREHOLDERS RAI Amsterdam has two shareholders: the RAI Association and the City of Amsterdam.
FINANCING In April 2020 we agreed to a new financing scheme with three banks, which concluded the refinancing process. This means that for the coming years we continue to be assured of a portfolio of long-term financing and current accounts. The club deal financing agreement with Deutsche Bank and Rabobank Amsterdam established in 2013 was hereby completely amortised.
COVID-19 PANDEMIC SUPPORT SCHEMES We applied and received funds from the NOW 1, 2 and 3 government support schemes. We were also given a tax deferral and benefit from the GO-C corporate financing guarantee.
Shareholders RAI Amsterdam (RAI Holding BV) has two shareholders: the RAI Association and the City of Amsterdam. The RAI Association owns 75% of the shares in RAI Amsterdam. It is a trade association that promotes the interests of 700 manufacturers and importers of passenger cars, trucks, trailers, bodywork and special vehicles, motorcycles and scooters, mopeds and bicycles. The remaining 25 percent of the shares is owned by the City of Amsterdam.
There was intensive contact with shareholders in the reporting year due to COVID-19 and its consequences on the organisation, and the 2030 masterplan. Two extraordinary shareholder meetings were held in 2020.
Dividend Dividend policy fixed, indexed amount with carry forward of up to one year
The most recent dividend policy was determined for the period 2013-2018 and included the provision that we pay our shareholders a fixed dividend per year of € 2.24 million (price level 2014; indexed annually based on the consumer price index CBS). Should the net result be lower, the dividend is reduced to at most the net result, and the unpaid dividend paid in the following year, if the net result was sufficient. The cumulatively owed dividend over the previous book years will therein never be higher than the (indexed) fixed dividend over the last book year.
dividend 2019 not fully paid, no further decisions taken
By way of derogation from the aforementioned policy, we determined a one-off dividend in 2019 of € 9.9 million to be paid over 2019 (€ 2.4 million) and 2020 (€ 7.5 million). Only part of the 2020 payment was made due to the situation in which we found ourselves as a result of the COVID
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