BlueNord ASA: Announcement of Cash Dividend and Buyback of Shares
OSLO, Norway, June 18, 2025 /PRNewswire/ -- Reference is made to the stock exchange notice published by BlueNord ASA ("BlueNord" or the "Company") on 10 June 2025 where the Company announced its intention to declare a USD 253 million distribution in connection with the Tyra Completion Test being met, as further described therein.
Pursuant to the authorization to the board of directors to pay dividends granted by the annual general meeting of the Company on 22 May 2025, the board of directors has today resolved to declare a cash dividend payment of USD 203 million, NOK 76.05 per share, to shareholders registered in the Company's shareholder register on 25 June 2025 (record date). Consequently, BlueNord's shares will be traded ex-dividend as of 24 June 2025. Payment date is 4 July 2025. For Norwegian tax purposes, the dividend is considered repayment of paid-in capital. In addition, the Company intends to buy back shares of up to USD 50 million, expected to take place following BlueNord's Q2 results on 10 July 2025. To the extent the Company elects to buy back less than USD 50 million, the remaining amount will be paid to shareholders as a dividend. Further details and structure related to a buyback will be announced in due course.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and in accordance with the requirements of the Continuing Obligations.
Contact:
Cathrine Torgersen, Chief Corporate Affairs Officer
Phone: +47 915 28 501
Email: cathrine.torgersen@bluenord.com
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