OSLO, Norway, May 8, 2002 (PRIMEZONE) -- The Annual General Meeting of Telenor (Nasdaq:TELN) has today given its approval to the board of directors' proposed dividend of NOK 0.35 per share. The dividend will be paid to shareholders on May 29, 2002. From May 10, the Telenor share will be traded exclusive of dividend.
The Annual General Meeting has also approved the financial statements and the annual report for Telenor ASA for 2001.
The Annual General Meeting has renewed the board's power of attorney to extend the share capital by up to 10 per cent of outstanding shares. Furthermore, the Annual General Meeting has given the board of directors the power of attorney to acquire own shares. Such powers of attorney are common in most large, publicly listed Norwegian companies.