The Company intends to apply for the shares of ESL Shipping Group to be admitted to trading on the regulated market of Nasdaq Helsinki Ltd ("Nasdaq Helsinki"). The Company's other business operations would remain with the Company following the Demerger, and it is intended that the Company be renamed Telko Group Plc ("Telko Group") in connection with the Demerger.
The Board of Aspo Oyj (HEL:ASPO) proposes dividend of 0.24 eur per share from year 2023. And in addition board proposes that board has authority to decide on an additional return of capital maximum of 0.23 eur per share at a later date if it is beneficial to long term growth strategy.
If additional return of capital is approved, then this is a small dividend increase but if not, then it is a big dividend cut. Aspo Oyj actually has reported this same way in previous year so lets assume it will be payed. So a total of 0.47€ to be payed which is a small increase against 0.46€ that was payed last year.
Aspo Plc is a Finland-based conglomerate engaged in the ownership and development of a number of business-to-business corporate brands. Its brands include ESL Shipping, Leipurin, Telko and Kaukomarkkinat. ESL Shipping conducts sea transportation of raw materials for industry and the energy sector and offers related services. Telko acquires and supplies plastic raw materials, chemicals and lubricants to industry. Its customer service also covers technical support and the development of production processes. Leipurin provides solutions particularly for bakery customers and food industry and to retail trade and chain customers in the foodservice business. Other operations include Aspo Group’s administration, the financial and ICT service center, and a small number of other operations not covered by the reportable segments. The Company operates worldwide
