In consequence, the proposed total amount to be paid to shareholders as dividends is EUR 48,600 bigger than the amount given in the original release. Correspondingly the amount to be carried forward as retained earnings is EUR 48,600 smaller than the amount given in the original release.
The amended proposal for the distribution of profit is as follows:
Proposal for the distribution of profit
The Group's distributable reserves are EUR 867,416,172.04
The parent company's distributable reserves are EUR 794,340,359.40
of which the net profit for the financial year is EUR 122,639,021.39
The Group's distributable reserves are EUR 867,416,172.04
The parent company's distributable reserves are EUR 794,340,359.40
of which the net profit for the financial year is EUR 122,639,021.39
The Board of Directors proposes to the Annual General Meeting that the distributable reserves be used as follows:
To be paid to shareholders as dividends
EUR 2.00 per share EUR 182,429,600.00
To be paid to shareholders as dividends
EUR 2.00 per share EUR 182,429,600.00
To be reserved for charitable donations at the discretion
of the Board of Directors EUR 250,000.00
of the Board of Directors EUR 250,000.00
To be carried forward as retained earnings EUR 611,660,759.40
The amended proposal for the distribution of profit will also be included in the financial statements releases and files on Kesko's Internet pages.
Further information is available from CFO Juhani Järvi, telephone +358 1053 22209 or Corporate Controller Arja Talma, telephone +358 1053 22113.
KESKO CORPORATION
Corporate Communications
Corporate Communications
Atte Kaksonen
Manager
Manager
DISTRIBUTION
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