Share:KONGSBERG announces new dividend policy

KONGSBERG will host its Capital Markets Day (CMD) tomorrow, 7 November 2013. The presentations will start 9:45 am and the event will take place at the company’s premises in Kongsberg.

Presentations held at the CMD will give conclusions from strategic growth reviews and reviews of capital issues, including new dividend policy.

KONGSBERG’s Board of Directors has decided to change the dividend policy to:

“Dividends over time shall constitute between 40 and 50 per cent of the company’s ordinary net profits after tax. When determining the size of the dividend, the expected future capital requirements will be taken into account”.

The new dividend policy will form the basis for the Board’s dividend proposal at the Annual General Meeting for fiscal year 2013.

The presentations material will be announced at the opening of the CMD.

Program Capital Markets Day:

 

Time

Topic

Presenter(s)

09:45

Welcome

VP IR

Jan Erik Hoff

09:55

Group status and conclusions from growth strategy and capital structure reviews

CEO
CFO

Walter Qvam
Hans-Jørgen Wibstad

11:00

Kongsberg Maritime

EVP

Geir Håøy

11:30

Kongsberg Oil & Gas Technologies

EVP

Pål Helsing

12:00

Lunch

 

 

13:00

Kongsberg Protech Systems

EVP

Espen Henriksen

13:30

Kongsberg Defence Systems

EVP

Harald Ånnestad

14:10

Q&A Session

 

All

14:30

Final Remarks

CEO

Walter Qvam

14:45

End

 

 

 

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