Dividend and share buyback policy - as of August 11, 2010
GN’s overall financial target is to deliver a competitive shareholder return through a combination of dividend payments and share price appreciation. GN aims to pay out a dividend corresponding to 15-25% of the annual net results and will initiate share buyback programs when deemed appropriate subject to the authorization of the Annual General Meeting of shareholders. Dividend payments and share buybacks are subject to among other things, cash requirements to support the ongoing operations, strategic opportunities and the capital structure. It is GN’s long-term target to maintain a capital structure consisting of a combination of debt and equity, subject to a net interest-bearing debt of up to a maximum of two times EBITDA.
Investor relations policy
Through an open and active dialogue, GN strives to provide all stock market participants with timely and comprehensive information on financial and operational performance and long-term strategy. GN has a four-week ‘closed’ period prior to publication of a financial report. During this period, communication with analysts, media and investors is restricted.
Trading GN shares
GN is listed on NASDAQ OMX Copenhagen (ISIN code DK001027263-2).
GN's share capital comprises a total of 208,360,263 DKK 4 shares, which is equivalent to a nominal share capital of DKK 833,441,052.
Registration of Shares in the name of the shareholder shall be effected through the shareholder's custodian institution.