Dividend Policy

Elmera Group's initial target ambition is to distribute minimum 80% of its net income adjusted for certain cash and non-cash items. In determining the annual dividend level, the Board of Directors will take into consideration, among other things, the expected cash flow, capital expenditure plans, covenant restrictions in its financial loan agreements, financing requirements (including for any mergers and acquisitions activity) and appropriate financial flexibility. There can be no assurance that a dividend will be proposed or declared in any given year. If a dividend is proposed or declared, there can be no assurance that the dividend amount will be as contemplated above.

The Group has distributed dividends as indicated below for the recent years.

2020: 3.5 NOK per share

2021: 3.5 NOK per share

2022: 1.5 NOK per share