Aktia Bank Plc
Insider information
2 April 2020 at 9.30 a.m.
Aktia Bank Plc's Board of Directors proposes postponement of decision on dividend payment
Due to the recent recommendations issued by the Finnish Financial Supervisory Authority on account of the coronavirus, Aktia Bank Plc’s Board of Directors proposes postponement of the decision on dividend payment for the financial year 2019 and is therefore revising its dividend proposal to the Annual General Meeting taking place on 16 April 2020.
In order to ensure continuing financing for private households and companies the Financial Supervisory Authority is recommending that credit institutions refrain from payment of dividend at least up to 1 October 2020, or from taking irrevocable measures on dividend payments for the financial years 2019 and 2020.
Taking into account the recommendations issued by the authorities’ the Board proposes that Aktia Bank Plc's Annual General Meeting authorises the Board to at a later date decide on the payment of a maximum dividend of 0.63 euro per share for the financial year 2019 with a payment at one or more occasions, however, at the earliest on 1 October 2020. The authorisation would be in force until the Annual General Meeting 2021. The Board is also proposed to be authorised to decide on the record date and the date of payment of a possible dividend. Aktia will notify of the decisions separately.
Aktia Bank Plc
Board of Directors
Further information:
Lasse Svens, Chairman of the Board, tel. +358 20 786 1411
Mia Bengts, General Counsel, tel. +358 10 247 6348
Distribution:
Nasdaq Helsinki Ltd
Mass media
www.aktia.com
Aktia is a Finnish asset manager, bank and life insurer that has been creating wealth and wellbeing from one generation to the next for 200 years. We serve our customers in digital channels everywhere and face-to-face in our offices in the Helsinki, Turku, Tampere, Vaasa and Oulu regions. Our award-winning asset management business sells investment funds internationally. We employ approximately 750 people around Finland. Aktia's assets under management (AuM) in 2019 amounted to EUR 9.9 billion, and the balance sheet total was EUR 9.7 billion. Aktia's shares are listed on Nasdaq Helsinki Ltd (AKTIA). aktia.com.