Notice of Annual General Meeting
The Annual General Meeting will be held on Wednesday 22 April 2020 at 09:30 a.m. at Thon Hotel Vika Atrium, Munkedamsveien 45, 0250 Oslo, Norway.
During the presentation of the fourth quarter 2019 financial results on February 6, 2020, Management communicated that the Board would propose to the AGM a dividend of NOK 6.50 per share, to be paid in two installments of NOK 3.25 per share in May and November 2020.
Since that date, the global market environment for 2020 has fundamentally changed with the emergence of the coronavirus pandemic. 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 will not propose to the AGM the dividend payments which had been communicated during the fourth quarter 2019 presentation. This means that there will not be a dividend payment in May 2020.
Instead, the Board proposes to the AGM that it is granted the power of attorney to distribute a dividend at a later time, but may exercise this power of attorney at its discretion as market conditions allow. Additional information regarding the power of attorney is provided in the AGM notice. The power of attorney expires at the date of the annual General Meeting in 2021.
The notice, including agenda for the General Meeting is attached.
The notice will be sent to shareholders on 22 March 2020.
All documents regarding the Annual General Meeting are available at https://www.atea.com/investors/annual-general-meeting/
For further information, please contact:
Steinar Sønsteby, CEO Atea ASA, mobile (+47) 930 55 655
Robert Giori, CFO Atea ASA, mobile (+47) 934 09 188
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. https://www.atea.com