Pexip Dividend Policy

In deciding whether to propose a dividend and in determining the dividend amount, the Board will comply with the legal restrictions set out in the Norwegian Public Limited Liabilities Companies Act and take into account the company’s capital requirements, including capital expenditure requirements, the company’s financial condition, general business conditions and any restrictions that its contractual arrangements in place at the time of the dividend may place on its ability to pay dividends and the maintenance of appropriate financial flexibility.
 
The company introduced a policy in 2023 to distribute 50-100% of the free cash flow generated in the previous calendar year as dividends. In addition, for 2023 Pexip paid an extraordinary dividend of NOK 0.5 per share as the board recognized that the company had excess liquidity. In total, the company paid a dividend of NOK 1.1 per share for 2023. For 2024 the company paid a dividend of NOK 2,5 per share based on the Board`s recommendations to the annual general meeting. The dividend payments have been structured as repayments of paid- in-capital. The company has not paid any dividends on its Shares during the financial years ended December 31, 2022, 2021, 2020, 2019 and 2018