Altia Plc Stock Exchange Release
Altia's Board of Directors amends its previous dividend proposal to the Annual General Meeting
Altia's Board of Directors has decided to convene the Annual General Meeting (AGM) for
As communicated earlier, Altia decided on
Due to the unprecedented situation caused by the COVID-19 pandemic, and the uncertainty and impacts caused by it on Altia's operating environment and business conditions, Altia's Board of Directors has decided to amend its previous dividend proposal (
The Board of Directors proposes to the AGM that the AGM decides on a first dividend instalment of
Altia's liquidity position is good and has remained stable during the COVID-19 crisis. However, an authorisation by the AGM would enable decision-making on a second dividend instalment when the continued and prolonged impacts of COVID-19 on Altia's operating environment, business conditions and financials can later be assessed in a reliable manner. The Board expects to make a separate resolution on the possible payment of the second dividend instalment no later than in the fourth quarter. The company shall make a separate announcement of such resolution and confirm the record and payment dates in such announcement. The authorisation would be valid until the end of year 2020.
Except for the above, the Board's proposals to the Annual General Meeting remain unchanged. All AGM-related information can be found at: https://altiagroup.com/investors/governance/annual-general-meeting-2020
Contacts:
Analysts and investors:
Media: Petra Gräsbeck, Corporate Communications, tel. +358 40 767 0867
Distribution:
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www.altiagroup.com
Altia is a leading Nordic alcoholic beverage brand company operating in the wines and spirits markets in the Nordic and Baltic countries. Altia wants to support a development of a modern, responsible Nordic drinking culture. Altia's flagship brands are Koskenkorva,
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