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.
20 largest shareholders
|Rank||Holding||Stake||Name||Citizenship||Type of account|
|1||8 686 495||15.30||VHF INVEST AS||Norway||Ordinary|
|2||6 925 695||12.20||PETORS AS||Norway||Ordinary|
|3||5 702 949||10.04||DRAUPNIR INVEST AS||Norway||Ordinary|
|4||3 832 286||6.75||EIDCO A/S||Norway||Ordinary|
|5||3 745 187||6.60||Taiga Fund Management (through Morgan Stanley)||United Kingdom||Nominee|
|6||3 698 135||6.51||J.P. Morgan Bank Luxembourg S.A.||Sweden||Nominee|
|7||3 093 740||5.45||ESMAR AS||Norway||Ordinary|
|8||2 692 374||4.74||ARTIC FUNDS PLC||Ireland||Ordinary|
|9||1 200 000||2.11||Citibank, N.A.||Ireland||Nominee|
|10||1 050 000||1.85||Danske Invest Norge Vekst||Norway||Ordinary|
|11||738 546||1.30||RACCE AS||Norway||Ordinary|
|12||725 076||1.28||Danske Bank A/S||Denmark||Nominee|
|13||721 989||1.27||USEGI AS||Norway||Ordinary|
|14||715 000||1.26||T.D. VEEN AS||Norway||Ordinary|
|15||676 000||1.19||SONSTAD AS||Norway||Ordinary|
|16||627 216||1.11||Carnegie Investment Bank AB||Sweden||Nominee|
|17||600 000||1.06||Nordea Bank Abp||Sweden||Nominee|
|18||525 000||0.93||Taaleri Nordic Value Equity Fund||Finland||Ordinary|
|19||470 392||0.83||J. P. Morgan Bank Luxembourg S. A.||Sweden||Nominee|
|20||421 000||0.74||GH HOLDING AS||Norway||Ordinary|
|Total 20 largest||46 847 080||82.50|
|Other||9 939 838||17.50|
|Total outstanding shares||56 786 918||100.00|
NORBIT’s highest decision-making body is the general meeting of shareholders. All shareholders have the right to participate in the general meetings of the company.
Annual general meeting 2020
NORBIT’s annual general meeting for 2020 was held on 4 May 2020.
Relevant documents for the meeting are posted below.
Carl Frederick Bjerke
+47 24 01 31 23
+47 24 24 13 21 78
+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.
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.
The dividends paid in 2018 and 2016 was paid before NORBIT was listed at the Oslo Stock Exchange.
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.
FACTS ABOUT NORBIT
Date of listing:
20 June 2019
Per Jørgen Weisethaunet
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