Panostaja to distribute extra dividend at EUR 0.03 per share

 

Panostaja Oyj   Stock Exchange Bulletin, Insider Information, Extra Dividend Distribution    September 17, 2019   9.30 am


Panostaja to distribute extra dividend at EUR 0.03 per share

Panostaja Oyj’s Board of Directors has today on September 17, 2019 decided to distribute an extra dividend of EUR 0.03 per share. The decision is based on the authorization granted by the Annual General Meeting on January 31, 2019. The ex-date for the dividend is September 18, 2019, the date of record is September 19, 2019, and the date of payment is September 26, 2019. The total amount of extra dividend to be distributed is EUR 1,570,185.48.

The General Meeting held on January 31, 2019 authorized the Board of Directors to decide, at its discretion, on the potential distribution of assets to shareholders, should the company's financial status permit this, either as dividends or as repayment of capital from the invested unrestricted equity fund. The maximum distribution of assets performed on the basis of this authorization may total EUR 4,700,000. The authorization includes the right of the Board to decide on all other terms and conditions relating to said asset distribution. The authorization will remain valid until the beginning of the next Annual General Meeting.

Panostaja’s distribution of profits reflects the development of the Group’s result in the long term, and the primary aim is to ensure the continuity of the Group's investment activity, after which it will be possible to distribute at least half of the annual consolidated profit targeted at the parent company shareholders, either as dividends, capital repayments or the repurchase of shares. Over the past two years, Panostaja has successfully divested some of its investments (KotiSun, KL-Varaosat and Ecosir) and simultaneously supplemented and developed its operations by means of new investments (Oscar, Carrot, CoreHW and Gugguu). Panostaja’s financial position, policy on the distribution of profits and the results and outlook of the investment activities provide an excellent basis for Panostaja’s extra dividend.

Panostaja Oyj
Board of Directors


More information:

Tapio Tommila, CEO, Panostaja Oyj, +358 (0)40 527 6311, tapio.tommila@panostaja.fi


Panostaja is an investment company developing Finnish SMEs in the role of an active shareholder. The company aims to be the most sought-after partner for business owners selling their companies as well as for the best managers and investors. Together with its partners, Panostaja increases the Group's shareholder value and creates Finnish success stories. Panostaja has a majority holding in eight investment targets. Panostaja’s shares (PNA1V) are quoted on the Nasdaq Helsinki Stock Exchange. In the 2018 financial year, the Group’s net sales totaled MEUR 185.2.