Höegh Autoliners with an Extraordinary General Meeting on 20.11.2024 and announcement of a capital reduction.
According to today's company news, it is planned to obtain approval for a capital reduction from NOK 14.80 to NOK 1 at the Extraordinary General Meeting.
Furthermore, the quarterly dividend planned for the beginning of November will be proposed. A dividend of $USD 1.2843 per share is to be distributed. The ex-dividend date is Dec. 9, 2024 for all shares held on Dec. 6, 2024; the payment date is then Dec. 18, 2024
The share price fell sharply today, even though the company's figures were good. However, the capital reduction would also have the positive side effect that the reduced capital would be transferred to a deposit account and future dividends could then be paid out tax-free. The annoying withholding tax in Norway could then be eliminated, which could make the dividend paper even more interesting.
