Kværner ASA : New dividend policy and dividend proposal of NOK 0.53 per share
(Thomson Reuters ONE) -
10 August 2012 - The Board of Directors of Kværner ASA has decided to amend the
company's dividend policy to increase the visibility and predictability of
dividends going forward. The new policy will be implemented with immediate
effect.
"Kværner ASA's dividend policy is based on visibility and predictability. The
ambition is to pay semi-annual dividends with increases, in order to give a
stable and predictable dividend growth, balancing out the underlying volatility
of earnings."
The Board of Directors has according to the amended dividend policy proposed to
distribute a dividend of NOK 0.53 in second half of 2012. This will be the
starting level for the semi-annual dividend with an ambition to increase the
dividend by ten percent on an annual basis.
An Extraordinary General Meeting (EGM) is scheduled for 9 October 2012 at 09:00
CET. The notice of EGM will be published and sent to all shareholders at least
21 days prior to the scheduled date for EGM. Subject to the decision of the
Extraordinary General Meeting, the dividend payment will take place on or about
24 October 2012 to shareholders of record as per the date of the Extraordinary
General Meeting. The share would then be traded exclusive dividend from and
including 10 October 2012.
Going forward the Board of Directors' intention is to announce the proposed
semi-annual dividends in connection with the reporting of fourth quarter results
and second quarter results respectively.
ENDS
For further information, please contact:
Investor Relations: Ingrid Aarsnes, SVP Investor Relations, Kvaerner, Tel:
+47 67 59 50 46, Mob: +47 950 38 364
Media: Mariken Holter, SVP Corporate Communications, Kvaerner, Tel:
+47 67 52 74 35, Mob: +47 917 87 358.
About Kvaerner:
With more than 3 200 HSE-focused and experienced employees, Kvaerner is a
specialised provider of engineering, procurement and construction (EPC) services
for offshore platforms and onshore plants. Kværner ASA, through its subsidiaries
and affiliates ("Kvaerner"), is an international contractor that plans and
realises some of the world's most demanding projects as a preferred partner for
upstream and downstream oil and gas operators, industrial companies and other
engineering and fabrication contractors.
In 2011, the Kvaerner group had aggregated annual revenues of more than NOK 13
billion and the company had an order backlog of more than NOK 23 billion on 30
June 2012. Kvaerner was publicly listed with the ticker "KVAER" at the Oslo
Stock Exchange on 8 July 2011. For further information, please visit
www.kvaerner.com.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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: Kværner ASA via Thomson Reuters ONE
[HUG#1633178]
Unternehmensinformation / Kurzprofil:
Datum: 10.08.2012 - 06:58 Uhr
Sprache: Deutsch
News-ID 173521
Anzahl Zeichen: 3667
contact information:
Town:
Fornebu
Kategorie:
Business News
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