The Board of Directors of Ahlstrom resolved on the payment of a dividend in the amount of EUR 0.49 per each outstanding share, representing approximately EUR 23 million in total.
According to the announcement, the dividend is being paid, prior to the completion of the merger between Ahlstrom and Munksjö Oyj, which is expected to take place on or about April 1, 2017, based on the authorization granted by the Extraordinary General Meeting held on January 11, 2017. The dividend is being paid based on Ahlstrom’s balance sheet as at December 31, 2015.
The dividend will be paid to those shareholders who on the record date of the payment March 20, 2017 are registered in the register of shareholders of Ahlstrom maintained by Euroclear Finland Ltd. The payment date for the dividend is March 27, 2017.
In 4Q2016 Ahlstrom reported 4.9% increase of net sales and 9.9% growth of Adjusted EBITDA.
Earlier Merger of Ahlstrom and Munksjö was approved by the European Commission.
The company is a high performance fiber-based materials company. Its materials are used in everyday applications such as filters, medical fabrics, life science and diagnostics, wallcoverings and food packaging. Ahlstrom had around EUR 1.1 billion revenues in 2015, employing around 3300 people in 22 countries worldwide.