Austevoll Seafood ASA Adjusts Reported Proposal for Allocation Dividend for the Year 2019
April 23, 2020 at 11:45 am EDT
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Austevoll Seafood ASA announced that Board of Directors proposed dividend of NOK 4.50 per share to be distributed in 2020. Due to the spread of the global pandemic COVID-19, the global economy is impacted by increased uncertainty and substantially reduced predictability. On this basis, the Board of Directors has adjusted its reported proposal for allocation of the profit figure for 2019. The Board of Directors intends to propose a dividend of NOK 2.50 per share to the Annual General Meeting. The Board of Directors will also request authorisation from the Annual General Meeting to pay up to NOK 2.00 per share in dividends before the end of the present year.
Austevoll Seafood ASA (AUSS) is a Norway-based holding company. The Company is involved in pelagic operations within fisheries, production of fishmeal and fish oil, and frozen pelagic consumer products. The Company has sales operations in Norway, Europe, Asia, the USA and South America. Its activities are divided into operating segments and reflect its portfolio companies: Leroey Seafood Group ASA, which is involved in fish farming; Austral Group S.A.A., that is engaged in the production of fishmeal, fish oil, canned fish and frozen fish; Foodcorp Chile S.A., that is engaged in production of frozen fish, canned fish, fishmeal and fish oil.; Br. Birkeland AS, that holds pelagic fishing licences utilised by two purse-seiner fishing vessels; Br. Birkeland Farming AS, that holds seven salmon farming licences in the Western Region of Norway and the joint venture Pelagia Holding AS, that is engaged in production of fishmeal, fish oil, Omega-3 oil and frozen fish for direct human consumption.
AUSTEVOLL SEAFOOD ASA 
