Vizrt Ltd. Announces Dividend Distribution
(Thomson Reuters ONE) -
Bergen, Norway, March 16, 2012. Vizrt Ltd. (Oslo Main List: VIZ)
Vizrt, a leading provider of content production tools for the digital media
industry, announced today that the Board of Directors of the Company has decided
on the distribution of a gross cash dividend of NOK 0.86 per each one ordinary
share of the company for a total of approximately NOK 57.0 million
(approximately USD 10.2 million). From this amount the company shall withhold
taxes at source at a rate of 20% as required by Israeli law. The net dividend
to be received per ordinary share of the Company shall be NOK 0.69.
The cash dividend will be payable on March 29, 2012 to shareholders of record as
of the close of the Oslo Børs on March 22, 2012. The shares will trade ex-
dividend from and including March 20, 2012.
The Company has decided on a dividend policy going forward, aimed at
distributing between one third and two thirds of the annual normalized profit.
The dividend decided on for this year is two thirds of the annual normalized
profits.
Shareholders who may wish to investigate their ability to receive full or
partial refund of the withholding tax (based on the tax treaty of their place of
residence and Israel), may approach Mr. Ilan Ben Eli of Ernst & Young Israel at
-ilan.beneli(at)il.ey.com directly. Such process handling will be done at each
shareholder's own expense.
About Vizrt:
Vizrt provides real-time 3D graphics and asset management tools for the
broadcast industry - from award-winning animations & maps to online publishing
tools. Vizrt's products are used by the world's leading broadcasters and
publishing houses, including: CNN, CBS, Fox, the BBC, BSkyB, ITN, ZDF, Star TV,
Network 18, TV Today, CCTV, NHK, The Globe and Mail, Times Online, The
Telegraph, and Welt Online. Furthermore, many world-class production houses and
corporate institutions such as the Stock Exchanges in New York and London use
Vizrt systems.
Vizrt is a public company traded on the Oslo Main List: VIZ, ISIN: IL0010838154.
For further information please refer to www.vizrt.com
Investors and media contacts:
Martin Burkhalter
President & CEO
+41 22 365 75 01
mbu(at)vizrt.com
Ofra Brown
CFO
+47 5351 8040
ofra(at)vizrt.com
SCHWARZ Financial Communication
Frank Schwarz
+49 611 1745 398 11
schwarz(at)schwarzfinancial.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Press Release as PDF:
http://hugin.info/138784/R/1594471/501976.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Vizrt Ltd. via Thomson Reuters ONE
[HUG#1594471]
Unternehmensinformation / Kurzprofil:
Datum: 16.03.2012 - 08:01 Uhr
Sprache: Deutsch
News-ID 125529
Anzahl Zeichen: 3535
contact information:
Town:
Bergen
Kategorie:
Business News
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