Edition:
United Kingdom

Fiskars Proposes Cash Dividend And Extra Dividend In Wärtsilä Shares


Thursday, 7 Feb 2019 

Feb 7 (Reuters) - Fiskars Oyj Abp ::FISKARS' BOARD OF DIRECTORS PROPOSES AUTHORIZATION TO DISTRIBUTE HOLDINGS IN WÄRTSILÄ AS AN EXTRA DIVIDEND IN ADDITION TO BI-ANNUAL CASH DIVIDEND.EXPECTS TO RESOLVE ON SHARE DIVIDEND DISTRIBUTION OF ALL OR SUBSTANTIALLY ALL OF FISKARS' SHARES IN WÄRTSILÄ.PROPOSES TO AGM CASH DIVIDEND OF UP TO A TOTAL OF EUR 0.54 PER SHARE SHALL BE PAID TO SHAREHOLDERS.CASH DIVIDEND WOULD BE DIVIDED INTO TWO PARTS."PROPOSED SHARE DIVIDEND DOES NOT CHANGE OUR STRATEGIC GOALS.".IF DIVIDENDS IN WÄRTSILÄ SHARES WOULD BE DISTRIBUTED COMPANY'S AMOUNT OF DISTRIBUTABLE EQUITY WOULD BE REDUCED WITH ABOUT EUR 482 MILLION.WOULD PAY TRANSFER TAX RESULTING FROM DISTRIBUTION OF SHARE DIVIDEND ON BEHALF OF SHAREHOLDER.AIMS TO DISTRIBUTE A STABLE, OVER TIME INCREASING DIVIDEND, TO BE PAID BIANNUALLY.TOTAL AMOUNT OF DIVIDENDS TO BE PAID THIS YEAR WOULD BE EXCEPTIONALLY HIGH.AFTER POTENTIAL DISTRIBUTION OF EXTRA SHARE DIVIDEND, FISKARS WOULD CEASE TO RECEIVE DIVIDEND INCOME ON THOSE SHARES.