Powerflute Alters Capital Return Plans Ahead Of Meeting

Wed, 18th May 2016 08:53

LONDON (Alliance News) - Finnish packaging company Powerflute Oyj on Wednesday said it has modified its annual general meeting resolutions to reflect a change to its planned payout to shareholders.

Powerflute said the amount of the distribution to shareholders will be unchanged at 3.00 euro cents per share, but instead of a payment of a dividend from retained earnings, it will return the capital from its invested non-restricted equity reserve.

The company's annual general meeting will take place on May 26.

Powerflute shares were up 0.7% to 74.75 pence.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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