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Dividend and Buy Backs
The company will aim to make the total return on its shares and be competitive with investments with a similar risk profile. The company will pay in dividend any proceeds that exceed the company’s need for capital, as deemed appropriate by the Board of Directors and approved by the Annual General Meeting
Following the sale of NeraTelecommunications Ltd, the Extraordinary General Meeting on 28 December 2012 resolved to distribute a dividend of NOK 0.50 per share. This was in line with the proposal made by the Board of Directors on 5 December 2012. The shares were traded exclusive of the dividend with effect from 2 January 2013, and the dividend was distributed to the shareholders on 16 January 2013.
The Board of Directors proposes a dividend of NOK 165 million, or NOK 0.50 per share for 2012 to be resolved at the Annual General Meeting of Eltek ASA, scheduled for 7 May 2013. If the proposal to distribute dividend is approved, the shares will be traded ex dividend from the business day following the date of the Annual General Meeting, expected to be 8 May 2013.
There has been no other distribution of dividends to the shareholders during the last three years.
During the last three years, the company has not bought back any of its own shares.
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