APMM FY & Q4 2023 Financial Results
Highlights
Dividend and share buyback update,
Svitzer spin-off
1)
5
Given the uncertainties ahead and in line with the implementation of
its Integrator strategy, APMM will exercise a prudent capital allocation
As a consequence, the Board has decided to
·
•
Propose a dividend of DKK 515 per share for 2023
Immediately suspend the share buyback programme, with a re-
initiation to be reviewed once market conditions in Ocean have
settled
Initiate a demerger and spin-off of APMM's towage activities in
Svitzer as standalone listed company with shares distributed pro-
rata to APMM shareholders (tax-exempt for Danish tax purposes) -
to be approved at EGM in April 20241
See separate stock exchange announcement
APMM FY & Q4 2023 Financial Results
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