Resolution of Exel Composites Plc's Extraordinary General Meeting
EXEL COMPOSITES PLC STOCK EXCHANGE RELEASE 10.12.2013 at 12.45
Resolution of Exel Composites Plc’s Extraordinary General Meeting
The Extraordinary General Meeting of Exel Composites Plc, which was held today 10 December 2013, resolved that based on the adopted financial statements for the financial year ended on 31 December 2012, an additional capital repayment of EUR 0.50 per share, as proposed by the Board of Directors, will be distributed to shareholders in addition to already paid dividend of EUR 0.30 per share decided by the Annual General Meeting on 27 March 2013.
The additional capital repayment will be paid from the reserve for invested unrestricted equity. The additional capital repayment will be paid to shareholders registered in the Company’s shareholders’ register maintained by Euroclear Finland Ltd. on the record date for payment 13 December 2013. The additional capital repayment will be paid on 20 December 2013.
The Board of Directors of the Company considers that it will not propose any dividend distribution to the Annual General Meeting 2014 due to the additional capital repayment.
The minutes of the Extraordinary General Meeting will be available on the Company website www.exelcomposites.com no later than 23 December 2013.
Vantaa, 10 December 2013
EXEL COMPOSITES PLC
President and CEO
Vesa Korpimies, President and CEO, tel. +358 50 590 6754, or email email@example.com
Ilkka Silvanto, CFO and Administrative Director, tel. +358 50 598 9553, or email firstname.lastname@example.org
NASDAQ OMX Helsinki Ltd.
Main news media
EXEL COMPOSITES IN BRIEF
Exel Composites (www.exelcomposites.com) is a technology company which designs, manufactures and markets composite profiles and tubes for industrial applications. The Group is the leading composite profile manufacturer in the world and concentrates on growing niche segments.
The core of the operations is based on own, internally developed composite technology, product range based on it and a strong market position in selected segments with a strong quality and brand image. Profitable growth is pursued by a relentless search for new applications and development in co-operation with customers. The personnel’s expertise and high level of technology play a major role in Exel Composites’ operations.
Exel Composites Plc share is listed in the Small Cap segment of NASDAQ OMX Helsinki Ltd.