Sponda - Company Announcement

Sponda Plc decides on the plan to pay a dividend for 2016

Sponda Plc                 Stock Exchange Release 4 August 2016 at 08:32 a.m.

Sponda Plc decides on the plan to pay a dividend for 2016

The Annual General Meeting of Sponda Plc resolved on 21 March 2016 to pay a
dividend of EUR 0.19 per share for the financial year 2015. In addition, the
General Meeting authorised the Board of Directors to decide, at its discretion,
on the payment of dividend on the result for 2016, in no more than two
tranches, based on the annual accounts adopted for the financial year 2015. The
maximum amount of dividend to be distributed based on the authorisation is EUR
0.12 per share. The authorisation granted by the General Meeting will be in
force until the beginning of the Annual General Meeting of 2017. 

The Board of Directors of Sponda Plc decided today, based on the authorisation
granted to it by the Annual General Meeting on 21 March 2016, that a dividend
of EUR 0.06 per share be paid from the company’s distributable profits based on
the annual accounts adopted for the financial year 2015. The dividend will be
paid to shareholders entered in the company’s shareholder register maintained
by Euroclear Finland Ltd on the dividend record date, 8 August 2016. The
dividend payment date is 15 August 2016. 

Based on the authorisation granted by the Annual General Meeting of 2016 and a
separate subsequent decision of the Board, a further dividend totalling a
maximum of EUR 0.06 per share can be distributed in addition to the dividend
decided on today. For this purpose, the planned dividend payment date is 8
December 2016. The Board of Directors will issue a separate decision on the
payment of the dividend planned for December 2016, including the dividend
payment date, dividend record dates and other measures related to the payment
of the dividend. 

The aforementioned two dividend payments will form part of the dividend paid
for the financial year 2016, the total amount of which will be decided on by
the Annual General Meeting to be held in 2017. 



Sponda Plc


Additional information: Kari Inkinen, President and CEO, +358 (0)400 402 653



Sponda Plc is a property investment company that specialises in commercial
properties in the largest cities in Finland. Sponda’s business concept is to
own, lease and develop retail and office properties and shopping centres into
environments that promote the business success of its clients. The fair value
of Sponda’s investment properties is approximately EUR 3.7 billion and the
leasable area is around 1.2 million m2.