Brief: AcadeMedia Clarifies Diviend Policy, Introduces New Financial KPI's

AcadeMedia AB

07/11/2022 07:06

Nov 7 (Reuters) - AcadeMedia AB  ACADE.ST :
    * ACADEMEDIA CLARIFIES ITS DIVIDEND POLICY AND INTRODUCES
NEW
FINANCIAL KEY PERFORMANCE INDICATORS
    * FREE CASH FLOW WILL PRIMARILY BE REINVESTED IN BUSINESS IN
ORDER
TO MAINTAIN HIGH QUALITY AND TO FINANCE FUTURE BUSINESS
DEVELOPMENT AND GROWTH
    * SURPLUS MAY BE DISTRIBUTED TO SHAREHOLDERS PROVIDED THAT
ACADEMEDIA IN ALL MATERIAL RESPECTS MEETS ITS TARGETS RELATING
TO QUALITY AND FINANCIAL POSITION
    * AIMS TO DISTRIBUTE 30 PERCENT OF ANNUAL PROFITS AFTER TAX
AS
DIVIDENDS.
    * TO PRIORITISE CONTINUED GROWTH AND ALLOCATE CAPITAL TO
STRATEGIC
AND VALUE CREATING ACQUISITIONS WHEN ATTRACTIVE OPPORTUNITIES
    * IF BOARD OF DIRECTORS AT ANY TIME DEEM THAT ACADEMEDIA IS
OVERCAPITALISED, EXCESS CAN BE DISTRIBUTED TO SHAREHOLDERS
    * KEY RATIOS ARE: * NET DEBT / ADJUSTED EBITDA R12,
INCLUDING
EFFECT OF IFRS 16
    * NEW KEY RATIOS ARE: DEBT RATIO DEFINED AS NET DEBT / TOTAL
ASSETS EXCLUDING CASH AND CASH EQUIVALENTS, INCLUDING AND
EXCLUDING EFFECTS OF IFRS 16

Source text for Eikon:  ID:nWkr1RfSzj 
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