APPROPRIATION OF RESULT
and ten million guilders (NLG 410,000,000), which
AEGON N.V. and Postbank N.V., a company having its
registered offices in Amsterdam, each granted to
Transveer B.V., a private company with limited liability
having its registered offices in Utrecht.
The payment due to AEGON N.V. and Postbank N.V.
(which has assigned the right to this payment to
AEGON N.V.) shall amount to three and a half percent
(3 V 2 per annum of the amount outstanding on each
party's loan. The payment will be calculated at the end
of each calendar year, commencing on the thirty-first
day of December of the year nineteen hundred and
eighty-six, and will be added to the payments calculated
in respect of previous years. The balance at the end of
each calendar year will be increased by eight percent
(8%), commencing on the thirty-first day of December of
the year nineteen hundred and eighty-seven, so that the
said amount will be increased as per the revision date,
J0 thereby requiring that in subsequent years the increase
be calculated on the revised amount. In the calculations
referred to above, each month shall be taken to have the
requisite number of days and a year shall be assumed to
comprise three hundred and sixty-five (365) days.
GU is the sum of the amounts payable to
AEGON N.V. pursuant to its afore-mentioned earning
rights. These amounts shall be increased by eight
percent (8%) at the end of each calendar year, with effect
from the end of the first calendar year that such earnings
are to be distributed, so that the said amounts are
increased as per the revision date, thereby requiring that
in subsequent years the increase be calculated on the
revised amounts. At the end of a calendar year in which
said earnings are to be distributed, the increase will not
amount to eight percent (8%) but to a fraction of eight
percent (8%), which shall be calculated on the basis of a
numerator which is equal to the number of days elapsing
between the day on which the earnings are to be
distributed and up to and including the end of the
calendar year, and a denominator which is equal to three
hundred and sixty-five (365). In calculating the increase,
each month shall be taken to have the requisite number
of days and a year shall be assumed to comprise three
hundred and sixty-five (365) days.
Appropriation of Result 1993
The total result achieved in 1993 amounting to
NLG 100.3 million has been added to the reserves.
Dividend payments to the holders of
preferred stock
In accordance with Article 33 of the Articles of
Incorporation of FGH BANK N.V., a dividend of
NLG 10.8 million will be paid to the holders of
preferred stock.