Proposal by the Board of Directors for the use of the profit shown on the balance sheet.
According to the financial statements, Lassila & Tikanoja plc's unrestricted equity amount to EUR 103,632,967.71 with the operating profit for the period representing EUR 38,541,799.58. There were no substantial changes in the financial standing of the company after the end of the period, and the solvency test referred to in Chapter 13, section 2 of the Companies Act does not affect the amount of distributable assets.
The Board of Directors proposes to the Annual General Meeting that a dividend of EUR 0.92 per share be paid on the basis of the balance sheet to be adopted for the financial year 2016.
The dividend will be paid to a shareholder who is registered in the Company’s shareholders’ register maintained by Euroclear Finland Ltd on the record date for dividend payment, 20 March 2017. The Board of Directors proposes to the Annual General Meeting that the dividend be paid on 27 March 2017.
No dividend shall be paid on share held by the company on the record date of dividend payment, 20 March 2017.
On the day the proposal for the distribution of assets was made, the number of shares entitling to dividend was 38,378,006, which means
|the total amount of the dividend would be
||EUR 35,307,765.52 |
|To be retained and carried forward
Signatures to the Report of the Board of Directors and the Financial Statements for the year 2016.
Helsinki on 31 January 2017
Pekka Ojanpää, President and CEO
We have today submitted our report on the audit conducted by us.
Helsinki, 9 February 2017
KPMG OY Ab
Authorised Public Accountants