Market announcement

Nordic Fibreboard AS

LEI code

54930002HOIXBD15OM06

Size of the entity

Small group

Economic activities

Financial and Insurance Activities

Country of registered office

Estonia

General information

Categories

Annual financial report

Unique data record identifier

3372

Submission date and time

03.06.2011 16:49:17

Content of announcement in Estonian

Title

Kasumi jaotamise ettepaneku muutmine

Message

Pärnu, 2011-06-03 15:49 CEST (GLOBE NEWSWIRE) --
AS Viisnurk juhatus tegi 03.06.2011 nõukogule ettepaneku kinnitada varasemalt
05.04.2011 esitatud kasumi jaotamise ettepaneku muutmine. Varasema  kasumi
jaotamise ettepaneku kohaselt tehti aktsionäridele ettepanek kinnitada AS
Viisnurk 2010.a. majandusaasta dividendiks EUR 0.05 aktsia kohta, kuid seoses
Püssi kiudplaadivabriku omandamisega näeb juhatus vajadust hoida varasemast
suuremat likviidsuspuhvrit, et finantseerida laienenud ettevõtte käibekapitali. 

Nõukogu otsustas 03.06.2011 peetud koosolekul võtta arvesse juhatuse
ettepanekut ja kinnitas üldkoosolekule esitatava kasumi jaotamise ettepaneku
järgmises sõnastuses: jätta 2010.a. majandusaasta puhaskasum summas 12 069
tuhat krooni (771 tuhat eurot) jaotamata ning kanda see eelmiste perioodide
jaotamata kasumi hulka. 

Lisaks soovib nõukogu märkida, et aktsionäride üldkoosolekule planeeritakse
esitada ka ettepanek arvestada AS-i Viisnurk aktsiakapital ümber eurodesse
vähendades aktsia nimiväärtust ja aktsiakapitali vähima võimaliku ümardamisega
ning rahaliste väljamaksete tegemisega aktsionäridele. 

AS Viisnurk avaldab aktsionäride üldkoosoleku kokkukutsumise teate koos
päevakorra, nõukogu ettepanekute, otsuste eelnõude ja muu seaduses nõutud
infoga hiljemalt 07.06.2011.a. 


         Einar Pähkel
         Finantsdirektor
         447 8331
         [email protected]
         http://www.viisnurk.ee

Content of announcement in English

Title

Alteration of profit allocation proposal

Message

Pärnu, 2011-06-03 15:49 CEST (GLOBE NEWSWIRE) --
The management board of AS Viisnurk proposed to the supervisory board on 3 June
2011 to approve the alteration of the earlier profit allocation proposal made
on 5 April 2011. According to the earlier profit allocation proposal the
shareholders were proposed to approve a dividend of EUR 0.05 per share for AS
Viisnurk 2010 financial year, however, considering the acquisition of Püssi
softboard factory, the management board sees a need to keep larger liquidity
buffer in order to finance the working capital of the growing company. 

The supervisory board resolved at its 3 June 2011 meeting to take into account
the management board's proposal and approved the profit allocation to be
presented to the general meeting as follows: Not to allocate the 2010 net
profit in the amount of 12,069 thousand kroons (771 thousand Euros) for
dividends and to transfer the profit to retained earnings of previous periods. 

In addition, the supervisory board wishes to note that there is an intention to
submit to the shareholders general meeting a proposal to convert the share
capital of AS Viisnurk into euros by decreasing the nominal value of the share
and the share capital by minimum possible way and by effecting payments to
shareholders. 

The notice to convene the shareholders general meeting, including the agenda,
proposals of the supervisory board, draft resolutions and other information
required by the law shall be published the latest on 7 June 2011. 


         Einar Pähkel
         CFO
         +372 447 8331
         [email protected]
         http://www.viisnurk.ee