Brief: Medistim: Change Of Dividend Proposal For FY 2019

Medistim ASA

03/04/2020 11:23

April 3 (Reuters) - Medistim ASA  MEDS.OL :
    * MEDISTIM ASA: CHANGE OF DIVIDEND PROPOSAL FOR THE
FINANCIAL
YEARS 2019
    * DUE TO ONGOING COVID-19 SITUATION AND GENERAL
UNCERTAINTIES,
BOARD DECIDED TO CHANGE ITS DIVIDEND PROPOSAL FOR FY 2019 FROM
FIXED DIVIDEND TO AUTHORIZATION TO BOARD TO RESOLVE DIVIDEND
BASED ON FINANCIAL STATEMENTS FOR FY 2019
    * PROPOSED AUTHORIZATION WILL BE LIMITED TO NOK 2.75 PER
SHARE,
EQUAL TO INITIALLY PROPOSED DIVIDEND, WITH A TERM UNTIL ANNUAL
GENERAL MEETING IN 2021
    * TOO EARLY TO ASSESS LONG-TERM EFFECTS OF VIRUS ON MEDISTIM
WITH
CERTAINTY
    * BOARD IS OF OPINION THAT IT IS IN BEST INTEREST OF CO AND
ITS
SHAREHOLDERS TO AWAIT FURTHER DEVELOPMENTS BEFORE POTENTIALLY
DECIDING TO RESOLVE DIVIDEND FOR FY 2019

Source text for Eikon:  ID:nObiHc0M6a 
Further company coverage:  MEDS.OL 

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