Annual Report 2017

8. Appropriation of Result

In accordance with the resolution of the General Meeting of Shareholders held on 2 May 2017, the result for 2016 has been appropriated in conformity with the proposed appropriation of result stated in GrandVision's 2016 Annual Report.

For 2017, it is proposed to the General Meeting to distribute a total dividend of €81,147 or EUR 0.32 per share. If the proposal is approved by the General Meeting, the dividend will be payable as from 4 May 2018.

The net result for 2017 amounts to €227,929 and €146,782 will be added to the retained earnings reserve.

For 2016, a total dividend of EUR 0.31 per share was paid out in the first half year of 2017 for a total of €78,363.