Press release published at The Swedish Wire
The board of directors has adopted the following dividend policy:
"Catella's objective is to transfer to the shareholders such portion of the Group's profit after tax as is not deemed necessary for the development of the Group's operational activities, and taking into account the Company's strategy and financial position. Adjusted for non-realised increases in value in terms of earnings, over time at least 50% of the Group's profit after tax shall be transferred to the shareholders in the form of dividends, share buybacks, or redemption of shares."
In the notice to attend the 2012 annual general meeting it is stated that the board of directors proposes that no ordinary dividend be issued to the shareholders in respect of the 2011 financial year.
Upon completion of the sale of Banque Invik, the board of directors intends to issue a proposal regarding a dividend to shareholders in respect of the 2011 financial year in line with the new dividend policy.
For more information, please contact:
Chief Executive Officer, Catella
46 8 463 33 10
Communications Officer, Catella
46 8 463 33 34, 46 72 726 33 34
About Catella: Catella is a European finance group active in Corporate Finance and Asset Management. In these operating segments, Catella focuses on selected segments in which advanced specialist expertise and local presence, combined with international reach, are key in creating added value for clients. Catella has approximately 450 employees working at offices in 24 cities in 12 European countries. Catella share is listed on First North Premier and traded under the abbreviations CAT A and CAT B. Remium AB is Catella's Certified Adviser, 46 8 454 32 00. Read more about Catella at www.catella.se.
This information was distributed by Cision