Annual Report 2020
Report by the Board of Directors
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Dividend from 2019

The Annual General Meeting held on June 15, 2020, decided, in accordance with the proposal of the Board of Directors, that no dividend be distributed by the General Meeting and to authorize the Board of Directors to decide at a later stage and in its discretion on dividend distribution not exceeding the aggregate maximum amount of EUR 3.6 million in one or several instalments, which corresponds to approximately EUR 0.10 per share with the current number of shares. The authorization is effective until the beginning of the next Annual General Meeting, however, no longer than until June 30, 2021.

On November 27, 2020, under the authorization of the Annual General Meeting held on June 15, 2020, the Board of Directors of Bittium Corporation decided, that no dividend based on the distributable assets of the adopted balance sheet for the financial period of January 1, 2019–December 31, 2019 shall be paid. This decision strengthened the company´s ability to invest in line with its strategy to enable future growth.