Vizrt announces special dividend distribution
Bergen, Norway, August 9, 2013. Vizrt Ltd. (Oslo Main List: VIZ)
Further to its announcement of July 12, 2013 on receipt of Capital Reduction Court Approval, Vizrt Ltd. announced today, the distribution of a special dividend of MUSD 25.0. After tax at Company level, the gross amount to be distributed is NOK 136.7 million (approximately USD 23.2 million), or NOK 2.02 per ordinary share (USD 0.34 per ordinary share).
From this amount the Company shall withhold taxes at source at a rate of 15.33%. The net dividend to be received per ordinary share shall be approximately NOK 1.71 (USD 0.29 per ordinary share).
The cash dividend will be payable on August 23, 2013 to shareholders of record as of the close of the Oslo Børs on August 15, 2013. The shares will trade ex-dividend from and including August 12, 2013.
The special dividend payment as announced today is in addition to the MUSD 9.1 dividend distributed on May 3, 2013.
Vizrt provides real-time 3D graphics and asset management tools for the broadcast industry - from award-winning animations & maps to online publishing tools. Vizrt's products are used by the world's leading broadcasters and publishing houses, including: CNN, CBS, Fox, the BBC, BSkyB, Al Jazeera, ITN, ZDF, Star TV, Network 18, TV Today, CCTV, NHK, The Globe and Mail, Times Online, The Telegraph, and Welt Online. Furthermore, many world-class production houses and corporate institutions such as the Stock Exchanges in New York and London use Vizrt systems.
Vizrt is a public company traded on the Oslo Main List: VIZ, ISIN: IL0010838154. For further information please refer to www.vizrt.com
Martin Burkhalter / CEO / +41 22 365 75 01 / MBurkhalter@vizrt.com
Tomer Wald / CFO / +47 5351 8040 / TWald@vizrt.com
Frank Schwarz / Schwarz Financial Communication / +49 611 1745 398 11 email@example.com
Copyright © Vizrt. All rights reserved. This press release contains forward-looking statements with respect to the business, financial condition and results of operations of Vizrt and its affiliates. These statements are based on the current expectations or beliefs of Vizrt's management and are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements. These risks and uncertainties relate to changes in technology and market requirements, the company’s concentration on one industry, decline in demand for the company’s products and those of its affiliates, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. Vizrt undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.