Norway Royal Salmon (NRS): Notice to Annual General Meeting
Attached please find the notice to the Annual General Meeting in Norway Royal Salmon ASA (the "Company"), to be held in Trondheim 4 June 2020. The notice will be sent to all shareholders by post no later than 11 May 2020.
In order to reduce the risk of coronavirus spread (covid 19), and in line with recommendations from the authorities, shareholders in Norway Royal Salmon ASA are asked not to attend this year’s Annual Meeting in person. Shareholders will be able to exercise their shareholders rights by using the power of attorney form.
The board of directors proposes a distribution of dividend for 2019 of NOK 5.00 per share, by the way of a cash distribution of NOK 2.50 per share and distribution of shares in the Company from the Company's treasury shares.
The number of shares for distribution in total and per outstanding share will be decided based on the shares' volume weighted average price on the Oslo Stock Exchange five trading days before the general meeting, and will be announced before the day of the annual general meeting. The last day of the valuation period will, due to practical reasons, be 29 May 2020.
Fractional shares will not be distributed. The number of shares each shareholder registered in the VPS will receive, will be rounded up to the nearest number of whole shares.
The Company generally does not seek to determine, nor comment on, the tax position of its individual shareholders. The Company will, however, take the position that the distribution of shares does not constitute a distribution of dividends for Norwegian tax law purposes. Accordingly, the Company will not withhold any withholding tax for its non-Norwegian shareholders. Norwegian shareholders' cost price for the shares being distributed is assumed to be zero; however, the Company assumes that the tax authorities will conduct a proportionate adjustment of the cost price for each individual shareholder's aggregate shareholding.
Subject to the resolution being passed by the annual general meeting, the shares will be traded exclusive the right to dividends as of 5 June 2020. The dividends will be paid and the shares will be transferred on or around 15 June 2020.
The annual report and accounts for 2019 were published through a stock exchange release on 27 April 2020 and are available on the Company's website.
For further information, please contact:
Ola Loe, CFO: + 47 911 79 411
Norway Royal Salmon in brief:
The Norway Royal Salmon (NRS) group owns 35 035 tonnes MAB located in Troms and Finnmark. In addition, the group has minority interest in three associated Norwegian fish farming companies which together own eleven fish farming licenses, as well as Arctic Fish on Iceland that has licenses for 11 000 tonnes. NRS is an attractively positioned fish farming group, which offers salmon to the market through its own sales organisation. For further details, please visit www.norwayroyalsalmon.com.
This information is subject to the disclose requirements pursuant to section 5-12 of the Norwegian Securities Trading Act