GLASTON CORPORATION DIVIDEND POLICY
Glaston Corporation Stock Exchange Release 28 February 2013 at 11.45 am
GLASTON CORPORATION DIVIDEND POLICY
The Board of Directors of Glaston Corporation has on 28 February 2013 decided on a new dividend policy. According to this policy, the Company intends to distribute annually at least one third of the financial year’s result as dividends to shareholders. Among other things, the Company’s result from operations and prospects, financial position, need for capital, as well as other factors that the Board of Directors considers as important affect the amount of possible future dividends and the time of payment.
The terms and conditions of the new credit facility signed on 7 February 2013 include a restriction for the distribution of dividends. According to the restriction, no dividend may be distributed from the financial years 2012 and 2013. The restriction will not be applied to dividend distributions as provided by law.
Helsinki 28 February 2013
GLASTON CORPORATION
The Board of Directors
For further information, please contact:
Arto Metsänen, CEO and President, Glaston Corporation, Tel. +358 10 500 500
Sasu Koivumäki, CFO, Glaston Corporation, Tel. +358 10 500 500
Glaston Corporation
Glaston is a global company developing glass processing technology for architectural, solar, appliance and automotive applications. Our portfolio ranges from pre-processing and safety glass machines to services. We are dedicated to our customers’ continued success and provide services for all glass processing needs with a lifecycle-long commitment in mind. For more information, please visit www.glaston.net. Glaston's share (GLA1V) is listed on the NASDAQ OMX Helsinki Small Cap List.
Distribution: NASDAQ OMX Helsinki Ltd, Key Media, www.glaston.net