PROPRIATION OF RESULT
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
(3,5%) 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 calender 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, 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 1994
The total result achieved in 1994 amounting to
NLG 125.6 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.
