The parent company’s distributable funds total EUR 1,097,420,182.01, which includes EUR 281,705,697.79 in net profit for the year. There are 197,241,130 shares with dividend rights.
The Board of Directors proposes to the Annual General Meeting that the company’s distributable earnings be disposed of in the following way:
The dividend shall be paid in two instalments. The first instalment, EUR 0.65 per share, shall be paid on 13 March 2017. The Board of Directors shall make a decision on the payment day of the second instalment of EUR 0.65 per share in its meeting scheduled for 12 September 2017. As per the current rules of the Finnish book-entry system the payment day of the second instalment shall then be 21 September 2017.
No significant changes have taken place in the company’s financial position since the end of the financial year. The company’s liquidity is good and in the opinion of the Board of Directors the proposed dividend will not put the company’s solvency at risk.
Helsinki, Finland, 26 January 2017
Mikael Lilius Sune Carlsson
Maarit Aarni-Sirviö Kaj-Gustaf Bergh
Tom Johnstone Risto Murto
Gunilla Nordström Markus Rauramo
Jaakko Eskola, President and CEO