Breukelen, the Netherlands – February 2, 2022 at 9:30 AM CET

100% SaaS Business
TIE Kinetix will direct its business model entirely to the delivery and use of its SaaS solutions with a focus on long term subscription contracts and annual recurring revenue. The Company is stepping up its expenditure in marketing, sales and onboarding to lay the foundation for further growth in all of its markets.

Interim dividend of € 0.50 per share and future dividends
For the first time in its existence the company will initiate a dividend policy, starting with an interim dividend payable after March 25, 2022 AGM approval. The Company strives for a stable dividend payout, with the aim of distributing at least 40% of net profit. Management considers that such a dividend policy is backed by the very high share (80%+) of recurring business in its business model. Shareholders may elect to receive the dividend either in cash or in TIE Kinetix shares.

To underscore management’s confidence in the growth strategy the Company opts to distribute the 2022 interim dividend from its reserves. The Executive Board proposes to initiate its dividend policy with an 2022 interim dividend of € 0.50 per share subject to AGM approval in March 2022.

More details can be found in our Q1 2022 Trading Update:

https://tiekinetix.com/en/news/tie-kinetix-reports-q1-2022-trading-update