St1 Nordic Oy’s Annual General Meeting decided April 24, 2020, as proposed by the Board of Directors, that the company will not distribute a dividend due to the financial uncertainty caused by the COVID-19 situation. However, the Board of Directors was authorized to decide on paying out dividends of not more than EUR 15,107,476.02 million at its discretion in the autumn.
As the group’s financial situation is stable and the impacts of the covid-19 virus on business have reduced and are more foreseeable, the Board of Directors decided on the distribution of dividends from retained earnings in accordance with the authorization given to it by the Annual General Meeting. A dividend of EUR 0.39 per share will be paid, with a total amount of EUR 15,107,476.02. The dividend will be paid in accordance with the valid list of shareholders as per September 16, 2020 and the dividend will be paid on September 23, 2020.
CFO Kati Ylä-Autio +358 10 557 5263
St1 Nordic Oy is a Nordic energy Group whose vision is to be the leading producer and seller of CO2-aware energy. The Group researches and develops economically viable, environmentally sustainable energy solutions. St1 focuses on fuels marketing activities, oil refining and renewable energy solutions such as waste-based advanced ethanol fuels and industrial wind power. The Group has 1300 St1 and Shell branded retail stations in Finland, Sweden and Norway. Headquartered in Helsinki, St1 employs currently 770 people. www.st1.com