Adjustment of annual dividend level
(Thomson Reuters ONE) -
(Oslo 2010.12.16) The Board of Director of Cermaq ASA has decided to adjust the
Company's annual dividend level in its regular Board meeting 14 December 2010.
Going forward, Cermaq will operate with dividend levels in the range of 30-50 %
of net profit. This constitutes a change from the Company's previous policy to
provide a long term dividend of 30 % of net result.
The Board of Directors will propose to the Annual General Meeting a dividend for
2010 in the higher end of this new dividend range. The dividend will continue to
be calculated based on net profit after tax, adjusted for changes in fair value
of biomass and financial instruments.
The actual proposal of dividend for 2010 will be communicated 15 February 2011
as part of approving the preliminary annual result for 2010.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
Further information - please contact:
Tore Valderhaug, CFO, phone: + 47 23 68 50 38, mobile: + 47 99 56 09 25
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: Cermaq ASA via Thomson Reuters ONE
[HUG#1472581]
Datum: 15.12.2010 - 08:18 Uhr
Sprache: Deutsch
News-ID 49718
Anzahl Zeichen: 1705
contact information:
Town:
Oslo
Kategorie:
Business News
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"Adjustment of annual dividend level"
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