Change in Tikkurila Oyj’s dividend proposal
Change in Tikkurila Oyj’s dividend proposal
Tikkurila Oyj, Inside information,15 May 2020 at 14:50 (EEST)
Tikkurila Oyj’s Board of Directors has today decided to cancel its previous dividend proposal of EUR 0.50 per share and to announce the following new proposal:
The Board of Directors’ new dividend proposal to the Annual General Meeting to be held June 9, 2020
The Board of Directors proposes to the Annual General Meeting that a dividend of a maximum of EUR 0.50 per share will be paid for the year ended on December 31, 2019. Half of the proposed maximum dividend, i.e. EUR 0.25 per share, will be paid to a shareholder who is recorded on the record date for the dividend payment on June 11, 2020 in the Company's shareholders’ register maintained by Euroclear Finland Ltd. The proposed date of the payment for this instalment is June 18, 2020.
In addition, the Board of Directors proposes that the Annual General Meeting would authorize the Board of Directors to decide, in its discretion, on a dividend payment of a maximum of EUR 0.25 per share to be distributed at a later stage when it is possible to make a more reliable estimate on the impacts of the coronavirus pandemic to the company’s business. The authorization would be valid until the beginning of the next Annual General Meeting.
The Company will publish the possible decisions on dividend payment, and simultaneously confirm the dividend record and payment dates. Dividends decided based on this authorization will be paid to shareholders who on the applicable record date for such dividend payment are recorded in the shareholders’ register held by Euroclear Finland Oy.
Contact details:
Tapio Pesola, Director, Communication and Investor Relations
+358 44 373 4693
ir.tikkurila@tikkurila.com
Sustainable Nordicness
Tikkurila is a leading Nordic paint company with expertise that spans decades. We develop premium products and services that provide our customers with quality that will stand the test of time and weather. We operate in eleven countries and our 2,700 dedicated professionals share the joy of building a vivid future through surfaces that make a difference. In 2019, our revenue totaled EUR 564 million. The company is listed on Nasdaq Helsinki. Nordic quality from start to finish since 1862.
www.tikkurilagroup.com