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NORBIT ASA is a Norwegian public limited liability company (ASA), established under Norwegian laws, with its tax residency in Norway and with its registered office in Trondheim.
NORBIT was listed on the Oslo Stock Exchange on 20 June 2019, under the symbol NORBIT.
Information about NORBIT at Oslo Stock Exchange’s website: NORBIT at Oslo Børs

NORBIT has one class of shares, every share carries one vote and all shares have equal rights. The company does not own any own shares.

Share graph

20 largest shareholders

RankHoldingStakeNameCitizenshipType of account
18 686 49515.30VHF INVEST ASNorwayOrdinary
26 925 69512.20PETORS ASNorwayOrdinary
35 702 94910.04DRAUPNIR INVEST ASNorwayOrdinary
43 832 2866.75EIDCO A/SNorwayOrdinary
53 745 1876.60Taiga Fund Management (through Morgan Stanley)United KingdomNominee
63 698 1356.51J.P. Morgan Bank Luxembourg S.A.SwedenNominee
73 093 7405.45ESMAR ASNorwayOrdinary
82 692 3744.74ARTIC FUNDS PLCIrelandOrdinary
91 200 0002.11Citibank, N.A.IrelandNominee
101 050 0001.85Danske Invest Norge VekstNorwayOrdinary
11738 5461.30RACCE ASNorwayOrdinary
12725 0761.28Danske Bank A/SDenmarkNominee
13721 9891.27USEGI ASNorwayOrdinary
14715 0001.26T.D. VEEN ASNorwayOrdinary
15627 2161.11Carnegie Investment Bank ABSwedenNominee
16600 0001.06Nordea Bank AbpSwedenNominee
17566 5261.00SONSTAD ASNorwayOrdinary
18525 0000.93Taaleri Nordic Value Equity FundFinlandOrdinary
19430 3920.76J. P. Morgan Bank Luxembourg S. A.SwedenNominee
20421 0000.74GH HOLDING ASNorwayOrdinary
Total 20 largest46 697 60682.23   
Other10 089 31217.77  
Total outstanding shares56 786 918100.00   
   
As of October 22, 2020

Analyst coverage


Carl Frederick Bjerke
cfb@arctic.com
+47 24 01 31 23


Kenneth Sivertsen
kenneth.sivertsen@paretosec.com
+47 24 24 13 21 78


Petter Kongslie
petter.kongslie@sb1markets.no
+47 24 14 74 96

NORBIT is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding NORBIT’s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of NORBIT or its management. NORBIT does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

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 2018 and 2016 was paid before NORBIT was listed at the Oslo Stock Exchange.

2019

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.

2018

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.

2017

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

FACTS ABOUT NORBIT

Company:
Organisation number:
Address:


ISIN:
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Independent auditors:

NORBIT ASA
992718196
Stiklestadveien 1
7041 Trondheim
Norway
NO0010856511
NORBIT
Oslo Børs
20 June 2019
NOK 0.10
56,786,918
Per Jørgen Weisethaunet
PwC

Primary insiders

Companies listed on the Oslo Stock Exchange have an obligation to keep updated lists of primary insiders. NORBIT has registered its Board of Directors, Management, the company’s auditor and those responsible for financial administration as primary insiders.

An overview of the primary insiders is available at the Oslo Børs website: NORBIT at Oslo Børs