Dividend distribution

Harvia targets a regularly increasing dividend with a bi-annual dividend payout of at least 60 percent of net income, in total. To set the dividend, the Board of Directors has assessed the liquidity and financial position of Harvia Plc after the end of the financial period.

The Annual General Meeting held in 2.4.2020 approved the Board of Directors’ proposal that no more than EUR 0.38 per share be paid as dividend. The dividend is divided into two instalments in accordance with the proposal of the Board. The Annual General Meeting decided on a dividend of EUR 0.19 per share that will be paid to shareholders who are registered in the shareholders’ register maintained by Euroclear Finland Ltd on the record date of 6 April 2020. The dividend will be paid on 15 April 2020.

In addition, the Annual General Meeting authorised the Board of Directors to decide, at its discretion, on the payment of an extra dividend of no more than EUR 0.19 per share. The Board of Directors expects to decide on the payment of a EUR 0.19 per share extra dividend at its meeting scheduled to be held on 16 October 2020. At the same meeting, the Board of Directors expects to decide on the record and payment dates of the extra dividend in accordance with the rules of the Finnish book-entry securities system. The extra dividend is estimated to be paid in October 2020 to shareholders who are registered in the shareholders’ register maintained by Euroclear Finland Ltd on the record date decided by the Board of Directors.

The authorisation is valid until the opening of the next Annual General Meeting.