NPRO: The Board of Directors of Norwegian Property approves annual accounts for 2011
The Board of Directors of Norwegian Property ASA has approved the consolidated financial statements and the parent company's financial statements for 2011. No changes have been made to the accounts compared with those presented in the preliminary figures for 2011 published on 29 February 2012.
Annual General Meeting will be held on 12 April 2012. The Board will propose to the Annual General Meeting to distribute NOK 0.20 per share in dividend.
A complete Annual Report will be published on the company's web site; www.norwegianproperty.no in the middle of March 2012.
This information is subject of the disclosure requirements acc. to § 5-12.
For additional information, please contact:
Svein Hov Skjelle, CFO, tel. +47 930 555 66, shs@npro.no
Elise Heidenreich-Andersen, SVP IR, tel. +47 951 41 147, eha@npro.no
Norwegian Property is a focused and fully integrated office property company with 47 properties located in the Oslo area and Stavanger in Norway. The portfolio, which has a total fair value of NOK 15.6 billion, is characterized by central location and attractive premises with low vacancy and high quality tenants. The group’s properties consist largely of office premises, associated warehousing and car parking, as well as retail and catering space. The company has identified four value drivers for long-term value creation; Marketing & letting, Property management, Property development and Transactions & finance.
Norwegian Property is listed on Oslo Stock Exchange with the ticker NPRO.