Oslo, 29 March 2020: Reference is made to the stock exchange announcement by
Webstep ASA ("Webstep" or the "Company") on 11 February 2020 regarding the board
of director's proposed dividend of NOK 1.60 per share for the financial year
2019, and the stock exchange announcement dated 13 March 2020 regarding the
implications of the Covid-19 virus on Webstep's operations.
Due to the ongoing Covid-19 situation and the general uncertainties resulting
therefrom, the board of directors has resolved to change its dividend proposal
for the financial year 2019 from a fixed dividend to an authorisation to the
board of directors to resolve a dividend based on the financial statements for
the financial year 2019. The proposed authorisation will be limited to NOK 1.60
per share, equal to the initially proposed dividend, with a term until the
annual general meeting in 2021.
Although the Covid-19 virus has not yet had any significant negative
implications on Webstep and its operations, it is, as stated in the stock
exchange announcement on 13 March 2020, too early to assess the long-term
effects of the virus on Webstep with certainty. Given this uncertainty, the
board of directors is of the opinion that it is prudent, and in the best
interest of the Company and its shareholders, to await further developments
before potentially deciding to resolve a dividend for the financial year 2019.
The proposed dividend authorisation will be placed on the agenda for Webstep's
annual general meeting to be held on 7 May 2020.
Except for the above-mentioned amended dividend proposal, there are no changes
to Webstep's preliminary financial figures for 2019 published on 11 February
2020. As a result of the amended dividend proposal, the key information
regarding the previously proposed dividend published on 11 February 2020 is no
longer applicable.
Contact details for further information:
Liv Annike Kverneland, CFO
Cell: +47 911 51 110
Email : ir@webstep.com
Website : (http://www.webstep.com)www.webstep.com
Webstep ASA is a provider of consultancy services to the private and public
sector, with the IT expertise necessary to deliver the most demanding
digitalisation and IT services.The Webstep Group employs approximately 400
employees in Norway and Sweden. The company offers its services to more than 200
customers annually and has been recognised for its work environment.
This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.