OLVI PLC STOCK EXCHANGE RELEASE 25 FEB 2015 at 11:40
Correction to Olvi plc’s stock exchange release published today at 9:00 am
Under “Board of Directors’ proposal for the distribution of profit”, the date of dividend payment was incorrectly stated as 30 April 2014. The correct date is: It is proposed that the dividend be paid on 30 April 2015.
The following is the proposal for dividend payment by Olvi plc’s Board of Directors in full:
BOARD OF DIRECTORS’ PROPOSAL FOR THE DISTRIBUTION OF PROFIT
The parent company Olvi plc had 49.5 (50.6) million euro of distributable funds on 31 December 2014, of which profit for the period accounted for 12.5 (15.8) million euro.
Olvi plc’s Board of Directors proposes to the Annual General Meeting that distributable funds be used as follows:
1) A dividend of 0.65 (0.65) euro shall be paid for 2014 on each Series K and Series A share, totalling 13.5 (13.5) million euro. The dividend represents 41.4 (40.4) percent of Olvi Group’s earnings per share. The dividend will be paid to shareholders registered in Olvi plc’s register of shareholders held by Euroclear Finland Ltd on the record date of the dividend payment, 20 April 2015. It is proposed that the dividend be paid on 30 April 2015.
No dividend shall be paid on treasury shares.
2) 36.0 million euro shall be retained in the parent company’s non-restricted equity.
OLVI PLC
Board of Directors
Further information:
Lasse Aho, Managing Director, Olvi plc
Phone +358 290 00 1050
or +358 400 203
600
DISTRIBUTION:
NASDAQ OMX Helsinki Ltd
Key media
-- omx_CompanyAddress isempty -- -- omx_CompanyAddress_value isempty --
-- omx_WebsiteURL isempty -- -- omx_webiste_url isempty --