Contrary to the provisions in the preceding clause,
the increase as per December 31, 1986, will not
amount to 8% but to a fraction of 8%, the nume
rator of which is equal to the number of days
elapsing between June 5, 1986, up to and inclu
ding December 31, 1986, and the denominator is
equal to 365. In calculating the increase, a month
shall be taken as having the correct number of days
and the year as having 365 days; - RD is com
pensation due to AEGON N.V. and to Postbank
N.V. (which assigned this compensation to
AEGON N.V.) for loss of interest of a loan, the
principal of which shall not exceed NLG
410,000,000, which AEGON N.V. and Postbank
N.V., established at Amsterdam, each granted to
Transveer B.V., a private limited liability company
established at Utrecht. The compensation for
AEGON N.V. and Postbank N.V. (which assigned
this compensation to AEGON N.V.) will amount
to 3 1/2% each per annum on the out- standing
amount of each party's loan. The compensation
will be calculated at the end of each calendar year,
beginning December 31, 1986, and will be aggre
gated with the amounts of compensation calculated
in respect of preceding years. The balance at the
end of each calender year, beginning December
31, 1987, will be increased by 8% and this increase
will be added to the balance, so that in subsequent
years the increase will be calculated on the thus
increased balances. In the calculations as referred to
above, a month shall be taken as having the correct
number of days and the year as having 365 days;
- GU is the total of the amounts made payable to
AEGON N.V. in accordance with its afore
mentioned earnings rights. Commencing at the
end of the first calendar year in which such distri
bution of earnings is made payable, these amounts
will be increased by 8% at the end of each calendar
year, which increase as per the date of increase
willbe added to the amounts on which the increase
has been calculated, so that in subsequent years the
increase will be calculated on the thus increased
amounts. At the end of a calendar year in which a
distribution of earnings is made payable, the incre
ase in relation to the amount of said distribution of
earnings will not amount to 8% but to a fraction of
8%, the numerator of which is equal to the num
ber of days elapsing between the date on which
the distribution of earnings concerned is made
payable at the end of the calendar year and the
denominator is equal to 365. In this calculation, a
month shall be taken as having a correct number of
days and the year as having 365 days.
The total amount of the result of NLG 50.2 mil
lion is added to other reserves.
According to Article 33 of the articles of
Incorporation of FGH BANK N.V., an amount of
NLG 10.8 million will be paid to the holders of
preferred A stock.
35
APPROPRIATION OF RESULT
I APPROPRIATION OF EARNINGS
1 PAYMENT OF DIVIDEND TO THE
HOLDERS OF PREFERRED A STOCK