USG People NV announced at the AGM held on May 8, 2013, the shareholders at €0.12 per ordinary share with a nominal value of €0.50. Shareholders may choose to take up the dividend fully in cash, subject to 15% dividend tax, or in shares. The USG People share will be quoted ex-dividend on 10 May 2013 and shareholders can specify their choice from 15 May 2013 up to 29 May 2013 Payment of the dividend and distribution of the shares following the exchange of dividend entitlements will take place from 3 June 2013. The company also announced that the term of office of Mr. Van Heyningen Nanninga came to an end in 2013. Having reached the maximum term of 12 years (best practice provision III.3.5 Corporate Governance Code), Mr. Van Heyningen Nanninga was not eligible for reappointment.

USG People NV reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s net revenue was EUR 640,658,000 compared to EUR 705,135,000 a year ago. Operating income was EUR 3,298,000 compared to EUR 14,963,000 a year ago. Income before tax was EUR 1,881,000 compared to EUR 11,034,000 a year ago. Net income from continuing operations was EUR 1,179,000 compared to EUR 6,483,000 a year ago. Net loss was EUR 16,747,000 compared to net income of EUR 6,483,000 a year ago. Net loss attributable to equity holders of the parent was EUR 16,772,000 compared to net income attributable to equity holders of the parent of EUR 6,456,000 a year ago. Basic and diluted loss per share was EUR 0.21 compared to basic and diluted income per share of EUR 0.08 a year ago. Net cash outflows from operating activities were EUR 5,569,000 compared to EUR 9,618,000 a year ago. Investments in property, plant and equipment was EUR 667,000 compared to EUR 1,436,000 a year ago. Investments in intangible assets were EUR 3,572,000 compared to EUR 3,051,000 a year ago. Underlying net income amounted to EUR 0.6 million against of EUR 5.7 million in first quarter of 2012.

USG People NV, Q1 2013 Earnings Call, Apr 26, 2013