The Board of Directors takes the general view that the annual dividend to shareholders should represent approximately 30% of the profit for the year. However, the level of dividend declared will always take into account Hartmann’s growth plans and the Company’s cash requirement.
At the Annual General Meeting held 20 April 2010, the Board of Directors recommended that, due to the profit for the year, dividends of DKK 1.50 per share be distributed, representing approximately 30% of the profit for the year. The proposal was adopted.
Dividends of DKK 8.5 million were declared for the financial year 2005. No dividend was declared for the financial years 2006, 2007 and 2008.