Share capital and treasury
As of 31 December 2006, Telenor ASA had a share capital of NOK 10.1 billion, divided into 1.680.274.570 shares, each with a nominal value of NOK 6. The Group has no shares in treasury.
Dividends
On the basis of Telenor’s financial situation and expected capital requirements, the Board of Directors has decided that Telenor’s objective is to distribute a dividend to its shareholders which is equal to 40-60% of normalised annual profits, and that the Group will be aiming for a relatively even annual growth in the ordinary dividend per share. The Board of Directors proposes that a dividend of NOK 2.50 per share be distributed for 2006.
Such dividend as will be determined at the General Meeting will be paid on 29 May 2007 to the shareholders on the date of the General Meeting. The shares will be traded exclusive of dividends on the Oslo Stock Exchange from Wednesday 16 May 2007.
