Vilkyskiu Pienine AB Announces FY 2012 Dividend Proposal; Announces Share Repurchase Proposal
Vilkyskiu Pienine AB announced that it will propose, at its Annual General Meeting of Shareholders, to pay LTL 0.21 (EUR 0.0608) per ordinary registered share with nominal value of LTL 1 for the fiscal year 2012. According to the dividend policy approved by the Annual General Meeting of Shareholders a year ago, the payout ratio should correspond to the minimum of 25% of the consolidated net profit of the Company, but shall not exceed the Company’s annual consolidated net profit. After the review of the financial results of the fiscal year 2012 and the business plan of the Company for 2013, the Management Board of the Company proposes a dividend payment of LTL 2,508,000 (EUR 726,000), or LTL 0.21 (EUR 0.0608) per share. The proposed dividend payment corresponds to the payout ratio of 33.2%. The final decision to approve the amount of dividends will be made by the Annual General Meeting of Shareholders of the Company on April 26, 2013. Vilkyskiu Pienine AB also announced that it will propose, at the same meeting, to purchase up to 10% of the Company’s shares. The period during which the Company may acquire own shares is until April 25, 2014. The maximum price of own shares to be acquired is EUR 1.45 (LTL 5.00) per share, and the minimum acquisition price is equal to the nominal value of a share, which is EUR 0.29 (LTL 1.00) per share.
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