ING Direct 2008 Annual Report Download - page 248

2.3 Other information
Proposed appropriation of result and Subsequent events
amounts in millions of euros, except for amounts per share
PROPOSED APPROPRIATION OF RESULT
The result is appropriated pursuant to Article 37 of the Articles of Association of ING Groep N.V., the relevant stipulations of which
state that the part of the result remaining after the Executive Board, with the approval of the Supervisory Board, has determined the
appropriation to reserves, shall be at the disposal of the General Meeting of Shareholders.
It is proposed to declare a dividend of EUR 0.74 per ordinary share of EUR 0.24.
In August 2008, an interim dividend of EUR 0.74 per ordinary share of EUR 0.24 was made payable. This interim dividend was paid
in cash. Accordingly it is proposed that no final dividend will be paid.
Proposed appropriation of result
Net result –729
Deduction from reserves pursuant to Article 37 (4) of the
Articles of Association –2,654
Payable on non-voting equity securities 425
At the disposal of the General Meeting of Shareholders pursuant to
Article 37 (5) of the Articles of Association 1,500
Dividend of EUR 0.74 per ordinary share
SUBSEQUENT EVENTS
On 26 January 2009 ING Group and the Dutch government announced that they have reached an agreement on an Illiquid Assets
Back-Up Facility. Reference is made to section ‘Subsequent events’ in the consolidated annual accounts.
As disclosed in this Annual Report, shareholders’ equity and net result of ING in 2008 were significantly impacted by the turmoil and
extreme volatility in the worldwide financial markets. These financial markets and the worldwide economies have deteriorated further
in the first months of 2009 in several areas, especially the equity markets. Current levels continuing or further negative developments in
these financial markets and/or economies in 2009 may have a material adverse impact on shareholders’ equity and net result for 2009.
Any such impact cannot be reliably estimated at the date of this Annual Report.
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