Dividend payment
Advance notice to usWhen any dividend payment is proposed, the company will submit advance notice to Euroclear Finland as soon as the Board of Directors has announced its proposal for dividend distribution.
Dividend entitlements based on the shareholder register
The company will decide a record date and a date for dividend payment in compliance with Euroclear Finland´s rules and regulations. In accordance with these regulations, the record date is the third settlement day from the date of the shareholders meeting, and the payment date is not until the fifth banking day following the record date. After the shareholders meeting, the company will submit confirmation of dividend payment by fax to Euroclear Finland. This is regulated in the decision of the Managing Director of Euroclear Finland 3.3.14 Payment of Yield in the OM system.
Schedule for processing funds for dividend payments
By 11.30 a.m. on the day prior to the date of payment, Euroclear Finland will notify the company of the net dividend payments regarding each account operator and of the account details of the banks making the payments. The funds will be transferred to these banks by 1.00 p.m. on the same day.
Company may designate a bank to make payments
The company may designate a single bank to make its payments. The chosen bank will remit the appropriate funds to other banks for onward payment according to the information provided by Euroclear Finland. The company should in good time provide Euroclear Finland with a written confirmation that dividend payment data should be sent to the designated bank. Each account operator shall pay the dividends to the bank accounts designated as book-entry securities accounts. If no bank account exists, dividend payment can be sent as a postal money order. Dividends paid into bank accounts are available for withdrawal on the date of payment.
Taxes
Cooperative retrieves ”Period tax return notification” report from Extranet-service. The reports are created on the fourth banking day of the month. Cooperative transfers taxes to the tax account base on the report. The payment date of taxes is on the twelve banking day in next month.
Fees to account operators
We provide fees for the dividend services in connection with cash payment list.
Dividend payments even after the date of payment
After dividend payments, the company will receive fund requests related to any later trading and corrections to dividend payments on a monthly basis. We kindly request companies to pay the sums specified as soon as they receive the information. The fee for this service will be invoiced monthly in accordance with the information Euroclear Finland has provided.
.jpg)
