Clarification on AGM Notice – distribution of annual dividend

Report this content

Reference is made to the Notice for the Annual General Meeting dated March 17, 2020. 

Item 6 on the AGM notice refers to the distribution of an annual dividend.  Item 6 states “As of the date of this AGM notice, there is significant uncertainty on the duration of the coronavirus pandemic and its financial impact on the Group.  Given the uncertainty of the business environment in 2020, the Board proposes to the AGM that it is granted the power of attorney to distribute a dividend, but may exercise this power of attorney at its discretion as market conditions allow.”

The Board of Atea ASA would like to clarify that the Company has not cancelled the dividend program of Atea.  Instead, the dividend payment which was originally planned for May 2020 will not take place, and the Board has requested a power of attorney to distribute a dividend at its discretion as market conditions allow.

This matter has been incorrectly reported in several news articles since the AGM notice was released, and this is the reason for the clarification.     

For further information, please contact:   
Robert Giori, CFO Atea ASA, mobile (+47) 934 09 188

About Atea
Atea is the leading supplier of IT infrastructure and system integration in the Nordic and Baltic regions with more than 7,500 employees. Atea is present in 85 cities in Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers IT products from leading vendors and assists its customers with specialist competencies within IT infrastructure services. Atea had revenue of approximately NOK 37 billion in 2019 and is listed on Oslo Stock Exchange.