X
MenuClose
Open navigation

Proposal of the Board

Note

Add a note?

The parent company’s distributable funds total EUR 1,002,092,268.56, which includes EUR 161,085,555.55 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:

EUR
A dividend of EUR 1.38 per share be paid, making a total of272 192 759.40
That the following sum be retained in shareholders’ equity729 899 509.16
Totalling1 002 092 268.56

The dividend shall be paid in two instalments. The first instalment, EUR 0.69 per share, shall be paid on 19 March 2018. The Board of Directors shall make a decision on the payment day of the second instalment in its meeting scheduled for 18 September 2018. As per the current rules of the Finnish book-entry system the payment day of the second instalment shall then be 27 September 2018.

If the general meeting approves the Board’s proposal concerning a share issue without payment, the second instalment will be divided between one old and two new shares so that EUR 0.23 will be paid on each share. If the general meeting does not approve the share issue without payment proposed by the Board, the second instalment will be EUR 0.69 per share.

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, 30 January 2018

 

Mikael Lilius Tom Johnstone
Maarit Aarni‑Sirviö Kaj‑Gustaf Bergh
Karin Falk Johan Forssell
Risto Murto Markus Rauramo
Jaakko Eskola, President and CEO 

Note

Add a note?

Note

Add a note?