Equity and dividends

Bullet

The company’s equity is considered to be adequate to Noreco’s objectives, strategies and risk profile.

Noreco has not previously paid any dividends, and it does not expect to pay ordinary dividends to its shareholders to give shareholders a competitive return on capital relative to the underlying risk. Any future dividend payment will be subject to determination based on the Company’s results and other factors the Board of Directors finds relevant.

Any proposal by the Board of Directors concerning dividends must be approved by Noreco’s shareholders at the General Meeting. Thus, the company’s policy concerning dividends is predictable and corresponding with its objectives, strategies and risk profile.