CapMan Plc Stock Exchange Release 9 August 2018 at 8.35 a.m. EEST
CapMan’s new dividend policy and updated long-term financial objectives
The Board of Directors of CapMan Plc has decided on a new dividend policy and updated the company’s long-term financial objectives. The company’s objective is to pay an annually increasing dividend to its shareholders.
CapMan wants to be an even better dividend payer than before. Therefore, the Board of Directors of CapMan has decided on a new dividend policy where the objective is to pay an annually increasing dividend to its shareholders. This objective is supported by the company’s strong financial position and solid balance sheet. CapMan has increased its dividend per share every year since 2012.
Previously, CapMan’s objective was to pay at least 75 per cent of earnings per share as dividend.
The Board of Directors of CapMan has also updated the company’s long-term financial objectives. The combined growth objective for the Management Company and Services business is more than 10 per cent p.a. on average. The return on equity target is more than 20 per cent p.a. on average. These objectives remain unchanged.
According to the company’s new financial objective the equity ratio is more than 60 per cent. Previously, CapMan’s objective for net gearing was a maximum of 40 per cent on average.
For further information, please contact:
Joakim Frimodig, CEO, CapMan Plc, tel. +358 50 529 0665
Niko Haavisto, CFO, CapMan Plc, tel. +358 50 465 4125
Board of Directors
NASDAQ OMX Helsinki
CapMan is a leading Nordic private asset expert with an active approach to value-creation in its target companies and assets. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers we have developed hundreds of companies and real estate and created substantial value in these businesses and assets over the last 28 years. CapMan has today approximately 120 private equity professionals and manages approximately €2.8 billion in assets under management. We mainly manage the assets of our customers, the investors, but also make investments from our own balance sheet. Our objective is to provide attractive returns and innovative solutions to investors. Our current investment strategies cover Real Estate, Buyout, Russia, Credit, Growth Equity and Infrastructure. We also have a growing service business that currently includes procurement services (CaPS), fundraising advisory (Scala Fund Advisory), and fund management services.