Approval of annual accounts 2011 incl. dividend proposal

 

The board of directors of Telio Holding ASA has 20 March 2012 approved the annual accounts for 2011. Compared to what was presented in the Q4 2011 financial results on 10 February 2012, the annual accounts include a final assessment of management bonuses and corporate income tax for 2011. Profit after tax for 2011 was NOK 30,298,000. The board proposes to the annual general meeting (AGM) to pay a dividend of NOK 2.50 per share. To accommodate the company’s cash situation the dividend will be paid in two parts, the first part at NOK 1.50 as soon as possible after a decision by the AGM and the second part at NOK 1.00 in September 2012. Provided that the AGM adopts the proposal, the share will be traded ex-dividend of NOK 1.50 as from 13 April 2012 and ex-dividend of NOK 1.0 as from 5 September 2012. The AGM will take place Thursday 12 April 2012 at 11:00 am at the company's premises at Harbitzalleen 2A, Skøyen, Oslo. A notice for the AGM will be sent to all shareholders and documents related to the annual general meeting, including the annual report for 2011, will be available on the company's website (www.telioholding.no/investor_relations).

 

 

About Us

The NextGenTel Group is a major player in providing fixed and mobile Internet communication services to consumers and businesses with a #2 position within xDSL broadband in the Norwegian market. The range of services covers access independent broadband, data net, Ethernet, VoIP, mobile and TV. In addition, the Group provides VoIP services to consumers in Denmark, Switzerland and the Netherlands. The company is headquartered in Oslo, Norway and is listed on the Oslo Exchange as NGT. NextGenTel's mission is to be a major force in defining and providing fixed and mobile internet communications to the consumer and small businesses.

Subscribe