Veidekke ASA: Update on payment of extraordinary dividends

Veidekke ASA: Update on payment of extraordinary dividends

27.10.2020 - 08:00

When signing the agreement to sell the group’s property development business, Veidekke announced that, following completion of the transaction, the group’s board of directors would propose the payment of an extraordinary dividend of NOK 20 per share. The divestment of the property development business was completed 1 September.

The payment of an extraordinary dividend is to be considered at an extraordinary general meeting. The board plans to hold the extraordinary general meeting on 3 December 2020. Notice of the extraordinary general meeting will be given concurrently with the publication of Veidekke's results for the third quarter 2020 on 12 November.

Dividends are expected to be credited to shareholders approximately one week after the extraordinary general meeting.

For more information, contact:
Jørgen Wiese Porsmyr, CFO, ph. +47 90 75 90 58
Lars Erik Lund, EVP, ph. +47 41 33 13 69

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Veidekke is one of Scandinavia's largest contractors. In addition to undertaking all types of building and civil engineering assignments, the group also maintains roads and produces asphalt and aggregates. Veidekke emphasises stakeholder involvement and local experience. Its annual turnover is approximately NOK 37 billion, and half of its 8,200 employees own shares in the company. Veidekke is listed on the Oslo Stock Exchange, and has posted a profit every year since its inception in 1936.