Annual Report 2018

8. Appropriation of Result

In accordance with the resolution of the General Meeting of Shareholders held on 26 April 2018, the result for 2017 has been appropriated in conformity with the proposed appropriation of result stated in GrandVision's 2017 Annual Report.

For 2018, it is proposed to the General Meeting to distribute a total dividend of €83,743 or EUR 0.33 per share. If the proposal is approved by the General Meeting, the dividend will be payable as from 6 May 2019. The net result for 2018 amounts to €216,278 and €132,535 will be added to the retained earnings reserve.

For 2017, a total dividend of EUR 0.32 per share was paid out in the first half year of 2018 for a total of €81,147.