Dividend policy
B2 Impact’s objective is to create long-term competitive returns for its shareholders, through increase in the share price over time and through a clear and predictable policy on shareholder distributions.
Effective date: 12 February 2025
B2 Impact aims to distribute up to 100% of its annual adjusted net profit. Our main ambition is to make distributions through cash dividends, although distributions through share buy-backs may also be considered depending on the market circumstances.
Our policy on distributions is subject to B2 Impact retaining sound and satisfactory capital adequacy levels, and preserving a solid balance sheet and liquidity reserve that is sufficient to meet both future liabilities and business opportunities.
Aside from financial solidity, the Board will also consider legal restrictions, general business conditions and economic outlook, and all applicable covenants and other contractual obligations.
This policy on distributions forms the basis for the Board’s proposals to the annual general meeting on distributions. Depending on the circumstances, distributions may be made over one or several occasions.
Distributions in any given year are uncertain and dependent upon the financial position of the Company. It is therefore not guaranteed that when Distributions are proposed or made, the amounts or yield will correspond to the targets mentioned above.
Share Buy-backs
A share buy-back program may be initiated on one or several occasions, as authorised by the annual general meeting. The Board may be granted authorisation to acquire own shares with a total nominal value of up to 10 % of the share capital.
All buy-back programs will be conducted in accordance with the authorisation provided by the annual general meeting and may be organised as an ongoing program under the structured ‘safe harbour exemption’ rules or as a single market transaction arranged through an auction process.
Any transactions carried out by B2 Impact in its treasury shares will be carried out through Euronext Oslo Børs, and in any case at the prevailing rates. If there is limited liquidity in the share, B2 Impact may consider other ways to cater for equal treatment of shareholders.
All authorisations, initiation or conducting of a share buy-back, by the annual general meeting, respectively the Board and B2 Impact, will take into account equal treatment of shareholders, and are subject to and take into consideration the applicable laws and regulations, and restrictions.
Payments
Any future payments of dividends on the shares will be denominated in NOK and will be paid to shareholders through VPS. Investors registered in VPS whose address is outside Norway and who have not supplied VPS with details of any NOK account, can, however, receive dividends in their local currency subject to the terms and conditions of the VPS registrar.
