Board of Directors’ proposal for the distribution of profit
1.1.15 Board of Directors’ proposal for the distribution of profit
The guiding principle for Fingrid’s dividend policy is to distribute substantially all of the parent company profit as dividend. When making the decision, however, the economic conditions, the company’s near term investment and development needs as well as any prevailing financial targets of the company are always taken into account.
Fingrid Oyj's parent company's profit for the financial year was EUR 103,866,300.72 and distributable funds in the financial statements total EUR 175,954,253.06. Since the close of the financial year, there have been no material changes in the company’s financial position and, in the Board of Directors’ view, the proposed dividend distribution does not threaten the company’s solvency.
The company’s Board of Directors will propose to the Annual General Meeting of Shareholders that
- a dividend of EUR 37,536.09 per share be paid for Series A shares and EUR 16,038.49 per share be paid for Series B shares, for a total of EUR 97,999,992.05.
- EUR 77,954,261.01 be retained in unrestricted equity.