Dividend

Fiskars Group' aim is to distribute a stable, over time increasing dividend, to be paid biannually. For 2019, the dividends consist of cash dividends and an extra share dividend.

Share dividend

On June 6, 2019, the Board of Directors resolved to distribute up to 32,616,653 Wärtsilä shares held by the Company as an extra dividend to shareholders using the ratio 5:2 whereby each shareholder received two (2) Wärtsilä shares for each five (5) shares held in the Company. The final value of the share dividend was equivalent to the market value at the date of distribution, i.e. June 11, 2019.

The value of the share dividend is EUR 5.31 per Fiskars share. The acquisition cost of the Wärtsilä shares for taxation purposes was the volume weighted average price of Wärtsilä’s share on the payment date, and amounted to EUR 13.27 per Wärtsilä share.

The record date for the share dividend was June 10, 2019, the share dividend payment date was June 11, 2019 and the payment date for the fractional entitlements to be paid in cash shall be June 17, 2019. The ex-dividend date for the share dividend was June 7, 2019.

Share dividend Q&A

A minor amount of Wärtsilä shares remained in the Company’s ownership following the distribution. The Company paid the transfer tax resulting from the distribution of the share dividend on behalf of shareholders following the payment of the share dividend. The transfer tax amounts to 1.6% of the value of the share dividend.

Cash dividends in 2019

A cash dividend of EUR 0.27 per share was paid to a shareholder who was registered in the shareholders’ register of the company maintained by Euroclear Finland Ltd on the dividend record date March 15, 2019. The payment date for the dividend was March 22, 2019.

In addition, the Annual General Meeting resolved to authorize the Board of Directors to resolve, in its discretion, on the distribution of an additional cash dividend. The maximum amount of dividend to be distributed based on this authorization shall not exceed EUR 0.27 per share. The Board of Directors expects to resolve on the additional cash dividend of EUR 0.27, subject to the authorization, in its meeting scheduled for September 5, 2019. Assuming that the resolution is made by the Board of Directors on that date, the dividend record date would be September 9, 2019 and the payment date would be September 16, 2019.