New dividend policy announced
The Betsson board of directors has announced a change in dividend policy designed to complement the company’s growth profile, advising in a stock exchange statement:
“Betsson AB’s new dividend policy is applicable as of the financial year 2017.
“The Board’s ambition for the ordinary distribution to shareholders is, provided a continued attractive capital structure, to distribute up to 50 percent of net earnings, through cash transfer, an automatic redemption process or via repurchase of own shares.”
Pontus Lindwall, chairman of the board, said:
“The Board reasons that Betsson should have a dividend policy that is relevant for its growth profile. The advantages of size are increasing, not least following the introduction of local regulation of the gaming market. The new dividend policy gives Betsson increased capabilities to make acquisitions, which the Board believes will add long-term value to shareholders.”