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Board of Directors’ proposal on the distribution of profit, the distribution of assets from the reserve of unrestricted equity and the authorisation of the Board of Directors to resolve on the distribution of funds recorded in the reserve for invested unrestricted equity
The parent company's distributable equity amounts to EUR 167.2 (195.6) million, including a free equity reserve of EUR 216.2 (216.2) million and results for the financial year 2024 of EUR -23.1 (-69.9) million. The Board of Directors proposes to the Annual General Meeting that no dividend be paid for the financial year 2024 and that the loss for the financial year be recognised in the profit reserves of previous financial years.
The Board of Directors proposes that the Annual General Meeting resolve to distribute EUR 0.09 per share (corresponding to a total of approximately EUR 8.1 million for all 89,910,373 shares currently outstanding) from the company's reserve for invested unrestricted equity for 2024. The repayment of equity will be paid to shareholders who are registered in the shareholders' register of the company held by Euroclear Finland Ltd on the record date of the payment. The record date for the equity repayment will be 25 April 2025 and the payment date 5 May 2025.
The Board of Directors further proposes the Annual General Meeting to authorise the Board of Directors to resolve, at its discretion, on the distribution of the assets recorded in the reserve of unrestricted equity, up to a maximum of EUR 0.05 per share (corresponding to a total of approximately EUR 4.5 million for all 89,910,373 shares currently outstanding). Under the authorisation, it could be possible to resolve to distribute the funds in one or more instalments. The authorisation is valid until the beginning of the next Annual General Meeting. The company will announce any decision of the Board of Directors on the equity repayment and, at the same time, confirm the record and payment dates for the equity repayment. Equity repayments payable under the authorisation will be paid to shareholders entered in the shareholders' register held by Euroclear Finland Oy on the record date for the equity repayment in question.
Link to HKFoods' Financial Stetements Bulletin (14 February 2025): Strong development continued in 2024; HKFoods showing clear growth in net sales and comparable EBIT - HKFoods
