The Board of Directors has revised Hartmann’s dividend policy, which was previously based on distribution of dividends of not less than 30% of the profit for the year. The Board of Directors takes the general view that, in future, any excess capital should be distributed by means of dividends or share buy-backs, in order to generally maintain Hartmann’s equity ratio at a maximum of 45%. However, the level of dividend declared will always take into account Hartmann’s growth plans and the company’s cash requirement.
On 26 April 2011, the general meeting adopted the Board of Directors’ proposal to distribute dividends of DKK 2.25 per share for 2010, representing 32% of the profit for the year.