AS Tallinna Vesi 2022 dividend proposal and ex-dividend date
09 Mai 2023 - 8:00AM
AS Tallinna Vesi 2022 dividend proposal and ex-dividend date
The Management Board of AS Tallinna Vesi proposes to the General
Meeting of Shareholders that the profits for 2022 be distributed as
follows:
- to distribute €6,600
thousand of the Company’s retained earnings of €72,814 thousand as
of 31/12/2022, incl. from the net profit of €8,406 thousand for the
year 2022, as dividends of which €0.33 per share will be paid to
the shareholders;
- the rest
of retained earnings shall remain undistributed;
- no allocations
shall be made from the net profit to the reserve capital.
The list of shareholders entitled to receive dividends will
be established as at 20 June 2023 at the closure of
business day of the Nasdaq CSD settlement
system. Consequently, the day of change of the rights related
to the shares (ex-dividend date) is set to 19 June 2023.
A person acquiring the shares from that day onwards shall not be
entitled to receive the dividends for year 2022. Dividends will be
paid to shareholders on 28 June 2023.
According to AS Tallinna Vesi's dividend policy, the Company
aims to distribute 50-80% of the Company's annual profit as
dividends. The proposed payout amounts to 78% of the net profit for
2022.
Maria TiidusHead of CommunicationsAS Tallinna Vesi(+372) 62 62
271 maria.tiidus@tvesi.ee
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