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The group had three main loan facilities per end of Q3 2022, comprising of a long-term revolving credit facility (RCF), a short-term overdraft facility and a term loan. The credit limits are NOK 200 million and NOK 250 million on the RCF and overdraft facility, respectively. The maturity date for the RCF is February 2025 and July 2024 for the term loan, while the overdraft is a 12
month rolling facility. The term loan amortises over 15 years.

NORBIT had drawn NOK 109.2 million on the overdraft facility at 30 September 2022, while NOK 90.0 million was drawn on the RCF. NOK 51.3 million was outstanding on the term loan. The RCF and term loan are priced at 3M NIBOR + 1.8 per cent margin p.a., while the overdraft facility is priced at 1M NIBOR + 1.4 per cent margin p.a.

Subsequent to quarter end, NORBIT received credit approval for a new NOK 120 million term loan and a NOK 100 million upsizing of the credit limit on the overdraft facility. Combined, this will strengthen the liquidity position of NORBIT by another NOK 220 million to more than NOK 470 million, providing ample flexibility. The margin on the overdraft facility remains unchanged at 1.40 per cent p.a., while the margin on the new term loan is around the same level as the revolving credit facility.

Dividend policy

Adopted by the Board of Directors on 16 May 2019.

NORBIT ASA’s dividend policy is to pay out annual dividends between 30 and 50 per cent of the company’s ordinary net profit after tax. When deciding on the annual dividend, the company will take into account the company’s financial position, investment plans as well as the needed financial flexibility to provide for sustainable growth.

In deciding whether to propose a dividend and in determining the dividend amount, the Board will take into account legal restrictions, as set out in the Norwegian Public Limited Companies Act, 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. Except in certain specific and limited circumstances set out in the Norwegian Public Limited Companies Act, the amount of dividends paid may not exceed the amount recommended by the Board.

Dividends paid

The dividends paid in 2017 and 2018 were paid before NORBIT was listed at the Oslo Stock Exchange.


During 2021, NORBIT distributed total dividends of NOK 17.0 million, equating to NOK 0.30 per share.


In 2020, NORBIT paid dividends twice, due to the uncertainty created by the Covid-19 virus. In the second quarter, the company paid dividends of NOK 0.30 per share and in the fourth quarter, the company paid dividends of an additional NOK 0.30 per share, bringing the total dividends paid for the fiscal year 2019 to NOK 0.60 per share, an aggregate amount of NOK 34.0 million


In 2019, the Company paid dividends in the aggregate amount of NOK 6.0 million during the first quarter, prior to the listing of the Company’s shares at the Oslo Stock Exchange on 20 June 2019.


In 2018, the Company paid dividends in amounts of NOK 38.979 per share to its shareholders, in aggregate NOK 16.0 million, equivalent to approximately NOK 0.368 per share considering the share split resolved by the Company’s extraordinary General Meeting on 3 May 2019.


No dividends were distributed to the shareholders of the Company in 2017.