6.3.35Events after the Balance Sheet Date
In accordance with the Company policy introduced in 2015 which consists of paying out between 25% and 35% of the directional net income provided that positive free cash-flows are expected to be generated during the year of payment, and, this year, considering 2015 exceptional non-recurring items, the Management Board decided on 26 January 2016 to propose a dividend out of 2015 net income of US$ 0.21 per share to the Annual General Meeting on 6 April 2016, corresponding to 25% of the US$ 180 million Company’s 2015 Directional net income adjusted, this year, for non-recurring items.
At the end of January 2016, the United States Department of Justice has informed SBM Offshore that it has re-opened its past inquiry of the Company and has made information requests in connection with that inquiry. The Company is seeking further clarification about the scope of the inquiry. The Company remains committed to close out discussions on this legacy issue which the Company self-reported to the authorities in 2012 and for which it reached a settlement with the Dutch Public Prosecutor in 2014.