Oslo, 6 December 2018 – The Board of Directors of Aqualis ASA (the “Company”) has approved an update of section 7 in its’ Corporate Governance Policy related to dividend policy.
The revised dividend policy is: The Board shall aim to maintain an equity ratio in the Company satisfactory in light of the company’s goals, strategy and risk profile. The Board’s authorities to expand capital and to buy the Company’s own shares are and will be given until the next ordinary General Meeting. It is an objective of the Company to generate high and stable returns, which is at least on the same level as other investment possibilities with comparable risk. This should be achieved, first and foremost, through strong and profitable growth within the Company’s business areas.
Aqualis’ ambition is to pay a cash dividend that is following its long-term underlying cash flow. When deciding the dividend amount, the Aqualis Board of Directors will consider the group’s financial strength, cash flow, investment needs and growth opportunities and a level of financial flexibility that is appropriate for the Aqualis business model. Aqualis may pay a cash dividend and/or buy back its own shares as part of its plan to distribute capital to its’ shareholders.
Kim Boman, CFO, Aqualis ASA Telephone: +47 959 63 912 Email: firstname.lastname@example.org
Endre Johansen, Corporate Communications AS Telephone: +47 41 61 06 05 Email: email@example.com
Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the offshore oil, gas and renewables sectors globally. The group employs experienced consultants across 18 offices in 14 countries worldwide. Aqualis ASA operates under two different brands: Aqualis Offshore and Offshore Wind Consultants. Aqualis Offshore is a specialised offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry.