Vizrt corrects ex date for dividend distribution
Bergen, Norway, March 6, 2014, Vizrt Ltd. (Oslo Main List: VIZ).
Vizrt Ltd. corrects the announced ex date for the dividend distribution: The ordinary cash dividend will be payable on March 31, 2014 to shareholders of record as of the close of the Oslo Børs on March 24, 2014. The shares will trade ex dividend from and including March 20, 2014.
On March 5, 2014, Vizrt had announced that its Board of Directors has decided on the distribution of an ordinary net dividend of NOK 0.27 (approx. USD 0.04) per outstanding share. Gross ordinary dividend will be NOK 0.32 (USD 0.05) per outstanding share, for a total of approximately NOK 21.707 million (USD 3.575 million). The Company shall withhold 16.74% tax at source, with the tax withholding level based on the sources of funds used for distribution.
Investor and media contact:
Martin Burkhalter / CEO / +41 22 365 75 01 / MBurkhalter@vizrt.com
Tomer Wald / CFO / +44 20 3289 6415 / TWald@vizrt.com
Frank Schwarz / Schwarz Financial Communication / +49 611 1745 398 11 / schwarz@schwarzfinancial.com
About Vizrt:
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
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.