The general meeting of shareholders decides on the distribution of dividends based on a proposal by the Board of Directors
The Board of Directors of the Company evaluates the balance between the dividends or the capital to be distributed and the amount of own funds required by the company's solvency requirements and targets and, on the basis of this evaluation, makes a proposal on the amount of dividend or capital to be distributed.
Under the provisions of the Finnish Companies Act, dividends may be paid and non-restricted equity may otherwise be distributed only after the general meeting of shareholders has approved the company’s financial statements. The general meeting of shareholders decides on the distribution of dividends based on a proposal by the Board of Directors. The general meeting of shareholders may also authorize the Board of Directors to decide on the payment of dividends or other distribution of unrestricted equity. The amount of dividends or other distribution of unrestricted equity cannot exceed the amount resolved by the general meeting of shareholders. A resolution on the distribution of dividend or other unrestricted equity, or on granting of authorisation to the Board of Directors concerning such distribution, requires a majority decision at the general meeting of shareholders.
The dividends paid by OmaSp for the financial years ended 31 December 2022, 31 December 2021, 31 December 2020, 31 December 2019 and 31 December 2018 are presented in the table below adjusted by the number of shares at the date of 19th of November 2018.
Dividens paid for the financial year ended 31.12.2022
|Dividens paid for the financial year ended 31.12.2021||Dividens paid for the financial year ender 31.12.2020||Dividens paid for the financial year ended 31.12.2019||Dividens paid for the financial year ended 31.12.2018|
|Dividends for the financial year in total €||13.3 million||15.5 million||8.9 million||3.8 million||4.1 million|
(1) The dividend per share has been adjusted to take into account the effect of the resolution of the Extraordinary General Meeting held on 9 November 2018. In order to increase the number of shares through a share issue without payment in proportion to shareholdings (share split), the shareholders received 49 new shares per share held by each shareholder. Adjusted information is unaudited and adjusted dividend per share has been calculated at 25,085,000 shares.
*Includes additional dividend as confirmed by the AGM.