Proposals of the Shareholders’ Nomination Board to the Annual General Meeting
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YIT Corporation Stock Exchange Release September 18, 2020 at 5:30 p.m.
The Board of Directors of YIT Corporation has decided on the distribution of dividend based on the authorisation granted by the Annual General Meeting
YIT Corporation's Board of Directors has decided today, September 18, 2020, on the record date and payment date for the dividend’s second instalment of EUR 0.14 for the financial year 2019 and on the payment of an additional dividend of EUR 0.12 authorised by the Annual General Meeting. The total amount of these dividend payments is EUR 0.26 per share and the total amount of dividends paid by YIT in 2020 is EUR 0.40 per share. On their decision, the YIT’s Board of Directors considered the company’s stable financial position and positive outlook for next year despite the uncertainty related to the coronavirus pandemic. Dividend will not be paid on the company’s own shares held by the company.
The Annual General Meeting of YIT Corporation, which was held on March 12, 2020, decided that a dividend of EUR 0.28 be paid per share, as proposed by the Board of Directors, and that the dividend will be paid in two instalments. The first instalment of EUR 0.14 per share was paid on April 7, 2020. The second instalment of EUR 0.14 per share was decided to be paid in October 2020.
YIT Corporation's Board of Directors has today September 18, 2020 decided on the record date and payment date for the second instalment. The dividend of EUR 0.14 per share shall be paid to the shareholders who are registered in the shareholders’ register maintained by Euroclear Finland Oy on the dividend record date of September 22, 2020. The payment date for the second instalment is on October 6, 2020.
The Annual General Meeting of YIT Corporation, which was held on March 12, 2020, authorised the Board of Directors to decide, at its discretion, on the payment of an additional dividend of no more than EUR 0.12 per share from the unrestricted equity. When considering the decision, the Board of Directors takes into account the completion of the Nordic paving and mineral aggregates businesses transaction announced on July 4, 2019, and its conditions.
YIT Corporation's Board of Directors has today September 18, 2020 decided on the payment of the additional dividend of EUR 0.12 per share. The dividend shall be paid to the shareholders who are registered in the shareholders’ register maintained by Euroclear Finland Oy on the additional dividend record date of September 22, 2020. The payment date for the additional dividend is on October 6, 2020.
For further information, please contact:
Tommi Järvenpää, Vice President, Investor Relations, YIT Corporation, tel. +358 (0)40 576 0288, firstname.lastname@example.org
Vice President, Investor Relations
Distribution: NASDAQ Helsinki, major media, www.yitgroup.com
YIT is the largest Finnish and significant North European construction company. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction. Together with our customers, our nearly 8,000 professionals are creating more functional, attractive and sustainable cities and environments. We operate in 10 countries: Finland, Russia, Sweden, Norway, the Baltic countries, the Czech Republic, Slovakia and Poland. Our revenue in 2019 was approximately EUR 3.4 billion. YIT Corporation’s share is listed on Nasdaq Helsinki Oy. www.yitgroup.com