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Proposal of the Board

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The parent company’s distributable funds total EUR 1,037,972,039.58, which includes EUR 308,072,530.42 in net profit for the year. There are 591,723,390 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 0.48 per share be paid, making a total of 284 027 227.20
That the following sum be retained in shareholders’ equity 753 944 812.38
Totalling 1 037 972 039.58

The dividend shall be paid in two instalments. The first instalment of EUR 0.24 per share shall be paid to the shareholders who are registered in the list of shareholders maintained by Euroclear Finland Ltd on the dividend record date of 11 March 2019. The payment day proposed by the Board for this instalment is 18 March 2019.

The second instalment of EUR 0.24 per share shall be paid in September 2019.  The second instalment of the dividend shall be paid to shareholders who are registered in the list of shareholders maintained by Euroclear Finland Ltd on the dividend record day, which, together with the payment day, shall be decided by the Board of Directors in its meeting scheduled for 18 September 2019. The dividend record day for the second instalment as per the current rules of the Finnish book-entry system would be 20 September 2019 and the dividend payment day 27 September 2019.

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, 29 January 2019

Mikael Lilius

 

 

   

Tom Johnstone

Maarit Aarni-Sirviö

 

 

   

Kaj-Gustaf Bergh

Karin Falk

 

 

   

Johan Forssell

Risto Murto

 

 

   

Markus Rauramo

Jaakko Eskola, President and CEO

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