THE EXTRAORDINARY CAPITAL REPAYMENT AND UPDATE OF DISTRIBUTION POLICY
(Thomson Reuters ONE) - Elisa's Board of Directors decided on the extraordinary distributionof a capital repayment per share of EUR 0.40 on the basis of thebalance sheet of 31 December 2008 and the authorisation of additionaldistribution maximum EUR 150 million from the Annual General Meeting.This decision is based on the favourable development of the company'sresult and financial position as well as maintaining the company'scapital structure in line with the set financial targets.The capital repayment distribution total approximately EUR 62.2million and it will be distributed out of the reserve for investednon-restricted equity. No capital repayment will be paid on treasuryshares held by Elisa.Capital repayment will also effect the Elisa 2007 stock options byreducing the strike price of the series 2007A stock options to EUR18.04 and series 2007B stock options to EUR 10.89.The capital repayment ex-date is 26 October 2009 and it will be paidto shareholders listed in the company's share register maintained bythe Euroclear Finland Ltd on 28 October 2009. The payment will bepaid out starting on 6 November 2009.Elisa's updated distribution policyThe previous distribution policy was: "Ordinary profit distributionis 40-60 per cent of the profit for the financial period.Distribution of profit includes dividend payment, capital repaymentand purchase of treasury shares."The new updated policy is: "Ordinary profit distribution is 40-60 percent of the profit for the financial period. In addition possibleexcess capital can be distributed to shareholders. When making thedistribution proposal or decision the Board of Directors will takeinto consideration the company's financial position, future financialneeds and financial targets. Distribution methods include dividendpayment, capital repayment and purchase of treasury shares."ELISAVesa SahivirtaDirector, IR and Financial CommunicationDistribution:Helsinki Stock ExchangePrincipal mediaThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 23.10.2009 - 07:33 Uhr
Sprache: Deutsch
News-ID 7318
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