COPEINCA ASA APPROVES DIVIDEND POLICY
(Thomson Reuters ONE) -
On 19 April, the Board of Directors of Copeinca ASA approved the following
dividend policy:
DIVIDEND POLICY
The company expects future dividend proposals to have a base amount of around
50% of consolidated net income, subject to the adjustments explained below.
The proposal on dividend payments will be prepared by the board every year after
taking into account the revenues, net income, cash flow, financial position and
strategic investment opportunities of the Company. As the financial conditions
and investment opportunities for the company will vary from year to year, the
future dividend proposals will have to be adjusted accordingly. The future
dividend proposals will also have to take into consideration the legal
requirements necessary for a dividend payment in Copeinca ASA and its
subsidiaries.
"It is with great pleasure that we announce our first proposed dividend payment
of USD 0.85 per share in the history of COPEINCA ASA. This dividend corresponds
to the accumulation of the last few years' net income. Today, the Board of
Directors has approved a dividend policy with a base amount of around 50% of
consolidated net income, subject to favorable financial conditions. It is
noteworthy that future dividend payments will probably be smaller but more
regular," says Samuel Dyer Coriat, CEO of Copeinca ASA.
For further information, please contact:
CEO Samuel Dyer, sdyerc(at)copeinca.com.pe
CFO Eduardo Castro-Mendivil, ecastromendi(at)copeinca.com.pe
Tel. (511) 213-4000
About Copeinca ASA
Copeinca ASA is one of the largest fishmeal and fish oil producers in Peru. The
Company produces its fishmeal and fish oil from anchovy harvested off the coast
of Peru, and most of its production is exported. Key countries for export are
China, Japan, Germany, Canada, Chile and Denmark. Typical customers are fish
and animal feed producers as well as refineries for omega-3 products. Copeinca
ASA runs its operations out of Lima and has its own fleet. Copeinca ASA
operates 6 plants located in strategic locations all around the Peruvian coast
line. The company has around 2,000 part and full time employees.
Please visit www.copeinca.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1406618]
Unternehmensinformation / Kurzprofil:
Datum: 21.04.2010 - 20:15 Uhr
Sprache: Deutsch
News-ID 19459
Anzahl Zeichen: 0
contact information:
Town:
Lima 13
Kategorie:
Business News
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"COPEINCA ASA APPROVES DIVIDEND POLICY"
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