ASPOCOMP GROUP Oyj STOCK EXCHANGE RELEASE Nov 20, 2003 at 8:40AM
ASPOCOMP GROUP OYJ BOARD HAS DEFINED THE COMPANY’S DIVIDEND POLICY
The Board of Directors of Aspocomp Group Oyj has at its meeting of
November 20, 2003 defined a long-term dividend policy for the
company. In its consideration, the Board of Directors weighed the
dividend target in relation to the company’s long-term result and
cash flow expectations after maintenance investments. The Board of
Directors aim at annually proposing a dividend distribution that on
the long-term distributes a minimum EUR 0.30 dividend per share per
financial year, subject to the current number of issued shares.
The Board of Directors has today called an extraordinary general
meeting to decide on the additional dividend of EUR 0.05 per share
for the year 2002 in addition to the EUR 0.25 cents per share paid on
April 16, 2003. The proposed EUR 0.05 additional dividend per share
totals EUR 497,051.30 (divided to 9,941,026 shares). The liquid funds
of the Aspocomp Group on September 30, 2003 were EUR 19.2 million and
the financial status is expected to be stronger towards the year end.
For more information contact the acting CEO, Mr. Pertti Vuorinen at
+358 9 7597 0714
ASPOCOMP GROUP Oyj
ASPOCOMP IN BRIEF
Aspocomp Group serves the electronics industry by supplying high-tech
electronic components and services like PWBs (printed wiring boards),
PWB-related design as well as mechanics and modules. Aspocomp’s
products are used in mobile handsets, telecommunications
infrastructure, automotive and other industrial applications.
Aspocomp Group’s production sites are located near the customers in
Finland, China and Thailand. The Group net sales in 2002 were about
EUR 180 million and the number of personnel was about 3000.
The Group parent company Aspocomp Group Oyj is listed on the Helsinki
Stock Exchanges since year 1999.
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