Titan Dividend Distribution 2024

The Hague - During the Annual General Meeting, held on March 28, 2025, the Company’s shareholders approved the distribution of a dividend for the financial year 2024 from the Company’s equity reserves, in the amount of € 1.38 per share. All dividends will be paid in cash to the shareholders and shall be distributed after deduction of dividend withholding taxes of 15%, unless an exemption is applicable and timely requested. 

The ex-dividend date is April 08, 2025. Dividend is owed to all holders of ordinary shares after market close on the preceding day. The date of record is April 09, 2025, during which all shareholders of the Company shall be identified.  

Time schedule:

●    Annual general meeting: March 28, 2025

●    Press release: April 03, 2025

●    Ex-dividend date: April 08, 2025

●    Record date: April 09, 2025

●    Participation exemption request deadline: April 11, 2025 12.00 CEST

●    Date of payment to shareholders: April 17, 2025

About Titan N.V.

Titan N.V. is a company without business activities and without staff as per September 13, 2023. As per September 13, 2023 Titan N.V. , previously called TIE Kinetix N.V., has transferred all of its activities and operations to SPS International Inc., a wholly owned subsidiary of SPS Commerce, Inc. in exchange for a consideration of € 68,35 million. Titan N.V. has subsequently distributed an amount of € 62,5 million as dividend to its shareholders on September 20, 2023. Since then, Titan N.V. is without business activities and staff. As at 30 September 2024, its primary asset is a receivable of € 2.8 million. The receivable was put in an escrow account with escrow agent Intertrust Escrow and Settlements B.V., and served as collateral against which certain representations and warranties can be claimed under the Share purchase Agreement with SPS International Inc. The escrow has been released on 1 November 2024.

Cautionary statement regarding forward-looking information

This document may contain expectations about the financial state of affairs and results of the activities of Titan N.V. as well as certain related plans and objectives, and may be expressed in a variety of ways, such as ‘expects’, ‘projects’, ‘anticipates’, ‘intends’ or similar words. Titan N.V. has based these forward-looking statements on its current expectations and projections about future events. Such expectations for the future are naturally associated with risks and uncertainties because they relate to future events, and as such depend on certain circumstances that may not arise in future. Various factors may cause real results and developments to deviate considerably from explicitly or implicitly made statements about future expectations. Such factors may for instance be changes in expenditure by companies in important markets, in statutory changes and changes in financial markets, in the salary levels of employees, in future borrowing costs, in future take-overs or divestitures and the pace of technological developments. Titan N.V. therefore cannot guarantee that the expectations will be realized. Titan N.V. also refuses to accept any obligation to update statements made in this document.