2013-03-22 08:51:55 -
On 21 March 2013, the Board of Directors of Eltek ASA approved the financial
statements of Eltek ASA for the financial year 2012. No changes have been made
to the previously presented preliminary results for 2012.
Eltek ASA had distributable equity of NOK 827 million at 31 December 2012 (779).
Regarding the allocation of profits, it should be noted that the Board of
Directors proposes a dividend of NOK 165 million, or NOK 0.50 per share for
2012 to be resolved at the Annual General Meeting of Eltek ASA, scheduled for 7
An Extraordinary General Meeting on 28 December approved an extraordinary
dividend of NOK 165
million, or NOK 0.50 per share, which was distributed to
shareholders on 16 January. The combined high dividend reflects that the company
has a strong financial position and lower capital requirements subsequent to the
divestment of its shareholding in Nera Telecommunication Ltd. in 2012.
If the proposal to distribute dividend is approved, the shares will be traded ex
dividend from the business day following the date of the Annual General Meeting,
expected to be 8 May 2013.
The Annual Report for Eltek ASA for the financial year 2012 will be published
and made available on the company's website www.eltek.com in April 2013.
For further information, please contact:
Eltek ASA, Acting CFO Mark Baker, tel: +44 787 943 2022
About Eltek ASA:
Eltek is a strategic technology partner within power solutions. The Company
reported revenue of NOK 3.5 billion in 2012, and has approximately 2,500
employees and operations in almost 40 countries. The company focuses on power
electronics markets, where the company is one of the leaders in telecom power
and a growing force within industrial applications. Eltek also holds growth
opportunities within solar power, e-vehicles, and datacenters. Eltek is listed
on Oslo Stock Exchange and headquartered in Drammen, Norway.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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Source: Eltek ASA via Thomson Reuters ONE