Kesko Corporation’s Extraordinary General Meeting decided to distribute an additional dividend of 1 euro
Kesko Corporation’s Extraordinary General Meeting today decided to distribute an additional dividend of 1 euro for each A share and each old B share as proposed by the Board of Directors. A total of 248 shareholders attended the meeting.
General Meeting’s decision concerning the 1 euro additional dividend
The General Meeting approved the Board’s proposal to distribute, in addition to the dividend decided at the Annual General Meeting held on 29 March 2004, a dividend of EUR 1.00 per each A share and each old B share on the basis of the balance sheet adopted for the financial year ended on 31 December 2003. The dividend will not be paid for Kesko Corporation’s new B shares subscribed for with B or C warrants during the year 2004 under the year 2000 stock option scheme and listed on the main list of the Helsinki Stock Exchange as the “Kesko B uudet” series.
The dividend will be paid to company shareholders included in the shareholder register kept by the Finnish Central Securities Depository Ltd on 12 November 2004, the record date for payment of dividend. The dividend will be paid on 19 November 2004.
Impact of the additional dividend on Kesko Corporation’s stock option schemes
The additional dividend decided at the Extraordinary General Meeting reduces the share subscription prices of B and C warrants of Kesko Corporation’s year 2000 stock option scheme and the share subscription prices of D and E warrants of the year 2003 stock option scheme in accordance with the terms and conditions of the schemes.
As from 12 November 2004, the record date for payment of dividend, the subscription prices of new B shares subscribed for with these stock options are the following:
| Stock option | B share subscription price | Subscription period | Stock option trading symbol |
| 2000B | EUR 8,87 | 1.11.2002-31.3.2006 | KESBVEW100 |
| 2000C | EUR 7,11 | 1.11.2003-31.3.2006 | KESBVEW200 |
| 2003D | EUR 6,63 | 1.4.2005-30.4.2008 | not tradable |
| 2003E | EUR 14,19 | 1.4.2006-30.4.2009 | not tradable |
The additional dividend will have no effect on the subscription price of shares subscribed for with stock options 2003F because the period for determination of their subscription price under the stock option programme does not begin until April 2005.
The presentation of Matti Honkala, Kesko Corporation’s President and CEO, can be read at www.kesko.fi/materialservice.
Further information is available from Juhani Järvi, Corporate Executive Vice President, CFO, telephone +358 1053 22209.
Kesko Corporation
Corporate Communications
Atte Kaksonen
Communications Manager
DISTRIBUTION
Helsinki Stock Exchange
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