Sponda as an investment
Sponda is a property investment company that specialises in commercial properties in the largest cities in Finland.
Sponda aims at profitable growth through customer-focused operations, active property development and by purchasing properties. For its owners, Sponda is a good investment that looks to increase shareholder value and pay a regular annual dividend. Dividends are distributed at approximately 50 per cent of the operating cash flow per share for the financial year, taking into account of the economic situation and company's development needs.
The company’s strengths are a property portfolio largely concentrated in the best locations in the Helsinki Metropolitan Area, a high quality, diverse tenant base and a balanced lease portfolio. Active property development operations and experienced, committed management and personnel give the company an even more significant competitive edge.
Sponda’s property portfolio comprises a broad selection of office, shopping centre and logistics properties. The company aims to maximise 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 Ltd. The share’s trading code is SDAIV.
In addition to NASDAQ OMX Helsinki, Sponda shares were traded on several alternative market places, for example at Chi-X Europe, BATS and Turquoise.
The weighted average price of Sponda's share in 2013 was EUR 3.75. The highest quotation on NASDAQ OMX Helsinki Ltd was EUR 4.42 and the lowest EUR 3.32. Turnover during the year totalled 96.8 million shares or EUR 367.0 million. The closing price of the share on 30 December 2013 was EUR 3.42 and the market capitalisation of the company's share capital at the end of the year stood at EUR 968.1 million.
At the end of 2013, Sponda had a total of 9,373 shareholders. Nominee-registered and foreign shareholders accounted for 50.2 per cent of these.
Annual General Meeting
The 2014 Annual General Meeting of Sponda Plc will be held in the Helsinki hall at Finlandia Hall (Mannerheimintie 13 e, Helsinki, door M4 and K4) on Wednesday, 19 March 2014, starting at 2.00 pm. Instructions for registering for the AGM are given on Sponda’s website, Investors pages.
To attend the meeting, shareholders must be entered in the company’s shareholder register maintained by Euroclear Finland Ltd no later than 7 March 2014.
The Board of Directors proposes to the Annual General Meeting that a dividend of EUR 0.18 per share be distributed for the 2013 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 24 March 2014, 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 31 March 2014.
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.