Share financial information and dividend policy

   2017*  2016 2015 2014 2013
Number of shares ('000) 32,375 32,375 32,375 32,375 30,757
Closing price (EUR) 1.23 1.33 1.05 1.06 1.05
EPS (EUR) 0.04 0.10 0.01 0.06 0.15
P/E 27.4 13.3 180.4 16.7 7.0
Book value of share (EUR) 1.0 1.1 1.1  1.1  1.1
P/B 1.1 1.1 0.9 0.9  1.0
DPS (EUR) 0.045 0.03 0.03 0.03 -
Dividends paid (tEUR) 1,384 923 923 923 -
Dividend payout ratio 45.5% 516.6% 47.2%  19.9% 0%

 

 

 

 

 

*An extraordinary general meeting which convened on 2 October 2017 decided to distribute an additional dividend of 2,009 thousand euros (0.065 euros per share).

Dividend policy is determined by reference to:
- The dividend expectations of the ultimate controlling party AS Nordic Contractors;
- The overall rate of return on the Estonian securities market;
- The optimal ratio and volume of debt and equity capital that is required for the Group’s profitable growth and sustainable development.

Glossary:
Number of shares = shares issued as at the end of financial year
Closing price = closing share price as at the last trading day of the year
EPS = net profit attributable to equity holders of the parent company/weighted average number of shares issued during the year
P/E = closing price/EPS
Book value of share = equity attributable to shareholders of the parent/number of shares issued
P/B = closing price/book value of share
DPS = dividend declared and paid per share
Dividend payout ratio = dividends paid during financial year/net profit attributable to equity holders of the parent