Borregaard ASA Shares Dividend Proposal for Shareholders
Borregaard ASA, known by its OSE ticker BRG, is gearing up for an exciting year ahead. The Board of Directors recently met to discuss financial strategies and has proposed a dividend of NOK 4.25 per share for the fiscal year 2024. This decision reflects the company’s strong performance and aims to reward shareholders for their investment and trust.
Implications of the 2024 Dividend Proposal
This proposed dividend translates to an estimated payment of NOK 423 million, although the final figure will be influenced by the number of treasury shares held at the time of the Annual General Meeting. It’s worth noting that dividends will not be paid on treasury shares owned by the Borregaard Group, ensuring that shareholder equity is maintained and properly allocated.
Dividend Eligibility Dates
In preparing for the dividend distribution, Borregaard has set specific dates that everyone should be aware of. Shares that are acquired on or before 10 April 2025 will be entitled to receive the dividend, while shares purchased on or after 11 April 2025 will not qualify. For shareholders, this timing is crucial to securing their share of the proposed dividends.
Dividend Payment Schedule
If everything goes according to plan, the dividend is scheduled to be paid on 23 April 2025. Shareholders will need to be registered in the company’s shareholder register as of 14 April 2025 in order to receive their payout. The preparation and clarity of this schedule aim to keep investors informed and engaged.
Annual General Meeting Details
Mark your calendars for the upcoming Annual General Meeting (AGM) of Borregaard ASA, which is set for Thursday, 10 April 2025, at 1 p.m. (13:00 CEST). The meeting will be hosted digitally, making it easier for shareholders to attend from anywhere. This format not only ensures safety but also enhances participation.
Annual Report Insights
In addition to the dividend proposal, it is important for shareholders to familiarize themselves with the company’s performance over the past year. Borregaard’s Annual Report for 2024 is anticipated to be released on 20 March 2025, providing valuable insights into the company’s operations, financial standing, and strategic initiatives. Stakeholders are advised to review this document to comprehend the company's direction better.
Investor Relations Contact Information
For those seeking more information or assistance regarding the dividend proposal or AGM, Borregaard ASA encourages shareholders to reach out to their Investor Relations team. Director of Investor Relations, Knut-Harald Bakke, can be contacted at +47 905 79 164, while Lotte Kvinlaug, the Investor Relations Officer, is available at +47 922 86 909. They are prepared to provide clarity and support to ensure a smooth experience for all investors.
Frequently Asked Questions
What is the proposed dividend amount for 2024?
The proposed dividend for 2024 is NOK 4.25 per share.
When will the dividend be paid?
The dividend is scheduled to be paid on 23 April 2025.
What is the eligibility date for the dividend?
Shares purchased on or before 10 April 2025 will be eligible for the dividend.
When will Borregaard's Annual General Meeting take place?
The Annual General Meeting will be held on 10 April 2025 at 1 p.m. (13:00 CEST).
How can I contact Borregaard's Investor Relations team?
You can contact Knut-Harald Bakke at +47 905 79 164 or Lotte Kvinlaug at +47 922 86 909.
