Sponda as an investment
Sponda is a property investment company that specialises in leasing, developing and owning commercial properties.
Sponda aims for profitable growth through customer-focused operations, active property development and by purchasing properties. For its owners, Sponda is a good and stable investment. Sponda looks to increase shareholder value and pay a regular annual dividend. According to Sponda’s dividend policy, Sponda pays a dividend of approximately 50 per cent of the operating cash flow per share for the financial year, taking into account the economic situation and the company’s development needs.
Sponda’s strengths are a property portfolio largely concentrated in the best locations in the growing Helsinki metropolitan area, and a high-quality, diverse and balanced lease portfolio. Active property development operations and professional, experienced and committed management and personnel give the company an even more significant competitive edge.
The property portfolio comprises a broad selection of office, retail and shopping centre properties.The company aims to optimise cash flow from operations through active management of the existing property portfolio. The company has a considerable land bank and numerous potential sites for property development.
Shares and share ownership
Sponda’s shares are quoted on NASDAQ OMX Helsinki on the Large Cap list. The share’s trading code is SDAIV.
In addition to NASDAQ OMX Helsinki, Sponda shares were traded on several alternative marketplaces.
The weighted average price of Sponda’s share in 2015 was EUR 3.79 The highest quotation on NASDAQ OMX Helsinki Ltd was EUR 4.57 and the lowest EUR 3.29. Turnover during the year totalled 121.6 million shares or EUR 461.5 million. The closing price of the share on 30 December 2015 was EUR 3.92 and the market capitalisation of the company’s share capital at the end of the year stood at EUR 1,109.7 million.
At the end of 2015, Sponda had a total of 10,092 shareholders (8,841 in 2014). Nominee-registered and foreign shareholders accounted for 50.0 per cent of these (52.9% in 2014).
Annual General Meeting
The 2016 Annual General Meeting of Sponda Plc will be held in the Helsinki hall at Finlandia Hall (Mannerheimintie 13 e, Helsinki, doors M4 and K4) on Monday, 21 March 2016, starting at 2:00 p.m. Instructions for registering for the AGM are given on Sponda's website, in the Investors section.
To attend the meeting, shareholders must be entered in the company’s shareholder register maintained by Euroclear Finland Ltd no later than 9 March 2016.
Extraordinary General Meeting
The 2016 Extraordinary General Meeting of Sponda Plc will be held in the Helsinki hall at Finlandia Hall (Mannerheimintie 13 e, Helsinki, doors M4 and K4) on Monday, 29 February 2016, starting at 11:00 a.m. Registration has been closed on 24 February 2016.
The Board of Directors proposes to the Annual General Meeting that a dividend of EUR 0.19 per share be distributed for the 2015 financial year. The dividend approved by the AGM will be paid to shareholders registered in the company’s shareholder register maintained by Euroclear Finland Ltd on 23 March 2016, the record date confirmed by the Board. The Board proposes to the Annual General meeting that the dividend be paid at the close of the settlement period on 1 April 2016.
Changes of name and address
Shareholders are kindly requested to notify their bank or Euroclear Finland Ltd, whichever holds the shareholder’s book-entry securities account, of any changes of address.