• news.cision.com/
  • Odfjell SE/
  • Odfjell SE: Approval of 2021 annual accounts, announcement of dividend and a new dividend policy
English

Odfjell SE: Approval of 2021 annual accounts, announcement of dividend and a new dividend policy

Report this content
  • The Board of Directors of Odfjell SE has today approved the annual accounts for 2021. There are no changes in the final accounts compared with the preliminary financial statements published on February 8, 2022. 
     
  • The Board proposes a dividend of NOK 1.00 per share for 2021 for the Annual General Meeting, to be held on May 4, 2022.
     
  • The Board has today approved a new dividend policy for the company that states the following: "Odfjell will pay out 50% of net income adjusted for extraordinary items. Other excess capital will be earmarked for extraordinary debt reductions, but may also be used for value creative investments, share buybacks and dividends. Dividends will be paid out semi-annually. The Board of Directors will propose to the General Meeting or decide on the timing and the final size of dividends, always contingent on the financial strength of the company."

Odfjell SE’s complete Annual report for 2021 will be released on Monday, March 28. 
 

IR Contact:
Bjørn Kristian Røed, VP Corporate Analysis & IR
Tel: +47 40 91 98 68
E-mail: bkr@odfjell.com

The Odfjell Group is one of the leading players in the global market for seaborne transportation and storage of chemicals and other specialty bulk liquids. The Odfjell fleet comprises of approx. 90 ships, which trade both globally and regionally. The tank terminal division consists of five tank terminals and is part of a network of another 11 tank terminals partly owned by related parties. The tank terminals are strategically located at selected international shipping hubs. The Odfjell Group’s headquarters are in Bergen, Norway, and the Group has offices in 14 locations around the world. Odfjell employs around 2300 staff and posted annual gross revenue of USD 939 million in 2020. Read more on Odfjell.com. 

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. 

Subscribe