TIE Kinetix: 100% Focus on SaaS and Proposed Dividend Policy
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
For more information please contact:
TIE Kinetix N.V.
Michiel Wolfswinkel (CFO)
De Corridor 5d
3621 ZA Breukelen
T: +31-88-369-8000 (Europe) or 1-800-624-6354 (USA)
E: Michiel.Wolfswinkel@TIEKinetix.com
W: www.TIEKinetix.com
About TIE Kinetix
At TIE Kinetix, we help companies of all sizes achieve their digitalization goals. From 1% to 100% or anywhere in between, our cloud-native FLOW Partner Automation platform is designed to completely eliminate paper from the supply chain, enabling our customers to focus on three corporate initiatives that drive true organizational change: business process efficiency, compliance, and corporate social responsibility (CSR).
We believe that digitalization (not digitization) is the future. We believe in conscious development, and we believe in moving ourselves and our customers forward. More than 2,500 companies have chosen TIE Kinetix to support their EDI, e-invoicing, and general digitalization projects, and we proudly facilitate the exchange of over 1 billion documents through FLOW each year—the equivalent of 100,000 trees saved.
Founded in 1987, TIE Kinetix is a public company (Euronext: TIE) with offices in the Netherlands (HQ), France, Germany, Australia, and the United States. For more information, visit www.TIEKinetix.com, and follow us on Linkedin, Twitter, Facebook, Xing, and YouTube.
Submitted by Investor Relations on Wednesday, February 2, 2022.
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