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Vapo Oy to pay EUR 10 million in dividends for 2012

On 19 March 2013, Vapo Oy’s Annual General Meeting decided on a conditional payment of dividends. No more than EUR 10 million, i.e. a maximum of EUR 333.33 per share, can be paid as dividends for the financial year 2012 at a time to be specified by the Board of Directors. The Board of Directors will base its decision on the company’s financial situation as well as any imminent financial needs and the economic principles agreed for the company’s capital structure.

In its meeting held on 19 September 2013, the company’s Board of Directors decided to execute the payment of dividends according to the decision by the Annual General Meeting. Vapo Oy will pay a total of EUR 10 million, i.e. EUR 333.33 per share, as dividends for the financial year from 1 January to 31 December 2012. The dividend payment date is 24 September 2013.

Vapo Oy did not pay any dividends for 2011. The last time the company paid dividends was for the financial year 2010, with dividends totalling EUR 15 million. 

Further information:
Jyrki Vainionpää, Chief Financial Officer, +358 20 790 5609