The Covid-19 virus outbreak has and has in recent weeks significantly increased market uncertainty and had extraordinary adverse impact on debt and equity markets.
ABGSC is lean, well capitalised and employ some of the best people in our industry. Although we must expect some challenging quarters ahead, we are confident that we will benefit from our diversified revenue base and energetic partnership culture. While we have implemented all of the measures necessary for the health and safety of our employees, we have adapted well to new realities and our activity level is currently very high throughout the organisation. Revenues for Q1 2020 will also exceed the corresponding figure for 2019 (Q1 2020 figures will be released on 28 April 2020).
Still, as a matter of prudence and in light of the unpredictability of the global situation, the Board has decided to reduce its final 2019 dividend proposal from NOK 0.27 to NOK 0.22 per share, thus implementing our new 80% distribution target with effect from H2 2019.
ABGSC will hold the AGM at 11:00 CET on 28 April 2020. In response to social distancing measures, shareholders are requested to avail themselves of the possibilities of voting by proxy, as described in the notice of the meeting, and as far as possible to refrain from attending in person.
Please find attached the notice of the AGM.