SIEVI CAPITAL PLC STOCK EXCHANGE RELEASE 17 September 2013 3.50 p.m.
RETURN OF CAPITAL TO THE SHAREHOLDERS OF SIEVI CAPITAL PLC
Sievi Capital plc's Annual General Meeting held on 18 April 2013 approved the Board of Director’s proposal on decreasing the share premium account based on the Company's balance sheet of 31 December 2012 by transferring all available funds to the reserve for invested non-restricted equity. After this, in accordance with the Board of Director’s proposal, the Annual General Meeting resolved that EUR 0.06 for each outstanding share will be distributed to the shareholders as refund of capital from the assets transferred to the reserve for invested non-restricted equity, which corresponds to a return of capital of EUR 3,463,826.34 on the AGM date.
On 24 May 2013, the National Board of Patents and Registration of Finland published the public summons to Sievi Capital Plc’s creditors whereas the due date set to object the decrease of the share premium account in the summons was 2 September 2013. Sievi Capital Plc’s creditors did not object the decrease of the share premium account by the due date whereas the decrease of the share premium account and return of capital can be executed as resolved by the Annual General Meeting on 18 April 2013. As authorized by the Annual General Meeting held on 18 April 2013, the Board of Directors has resolved the record date and payment date as follows:
- record date 20.Sep.2013
- payment date 27.Sep.2013
The return of capital of 0.06 EUR per share shall be paid to shareholders, who on the record date are entered in the Sievi Capital Plc’s Register of Shareholders, kept by Euroclear Finland Ltd.
Sievi, 17.Sep.2013
Sievi Capital Plc
Board of Directors
Additional information:
Harri Takanen, President and CEO
Tel. +358 8 4882 502