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Atea ASA Changes Dividend Policy

Thursday, 7 Feb 2013 05:26am EST 

Atea ASA announced that its policy is to distribute between 70% and 100% of net profits adjusted for normalized tax. In order to align the policy to the Company‚Äôs cash flow and the financial position the Board of Directors has decided to change the policy to be linked to cash flow rather than earnings. Going forward the Board of Directors has decided to distribute between 705 and 100% of cash flow from operations after capex. For 2012 the Board of Directors will propose a dividend of NOK 5.50 per share to the Annual General Assembly.