On 12 May 2022 the annual general meeting of OKEA granted the board of directors an authorisation to approve distribution of dividends based on the company's annual accounts for 2021. The board of directors has now approved a cash dividend of NOK 1.00 per share which will be paid in September. OKEA is today also calling for a full voluntary redemption of the OKEA02 bond (ISIN NO0010826852).
Dividend for Q3 2022
The board has resolved to distribute a cash dividend payment of NOK 103.9 million (NOK 1.00 per share) in September 2022. The last day of trading including dividend rights is 1 September 2022, ex-dividend date is 2 September 2022, and the record date is 5 September 2022. Payment is expected on or about 15 September 2022.
OKEA also paid NOK 93.5 million (NOK 0.90 per share) in dividend in June, which brings the total dividend payment for 2022 so far to NOK 197.4 (NOK 1.90 per share). The board is also reaffirming the intention to distribute NOK 103.9 million (NOK 1.00 per share) in Q4 2022.
Redemption of the OKEA02 bond
OKEA is currently net debt free, and the liquidity outlook is good. The company is today calling for a full voluntary redemption of the OKEA02 bond (ISIN NO0010826852). The remaining outstanding amount is USD 164,585,305 of which the company holds USD 64,600,000 from previous buy backs in the market. The current call price is 102.75 per cent of the nominal amount. The bonds will be settled on 27 July 2022.
