COPENHAGEN, Denmark, June 21, 2006 (PRIMEZONE) -- Today the Board of Directors decided to exercise the authorization granted in Article 5b of the Articles of Association to distribute an interim dividend.
A dividend of DKK 4.35 per share of a nominal value of DKK 5 will be distributed amounting to a total dividend of DKK 862 million, excluding dividend on treasury shares.
Payment of dividend will take place on 29 June 2006. Dividend will be paid on the basis of the shareholdings registered on the VP accounts as of the end of 23 June 2006 (Danish time). Trading made with settlement no later than 23 June 2006 will therefore give right to dividend for the buyer. This means, on the basis of normal trading practice as this is understood by TDC, where trades are settled with three days' value, that trades made as of 26 June 2006 or later will be executed without dividend.
Following the distribution of interim dividend TDC's outlook for net income for 2006 remains unchanged.
For further information please contact TDC Investor Relations at +45 3343 7680.
TDC is a Danish-based provider of communications solutions with significant presence in selected markets in Northern and Central Europe. TDC has five main business lines; TDC Solutions, TDC Mobile International, TDC Switzerland, TDC Cable TV and TDC Services. TDC was partly privatized in 1994 and fully privatized in 1998. Nordic Telephone Company ApS owns 88.2% of the shares, with the remainder held by individual and institutional shareowners.
TDC listing
Shares: Copenhagen Stock Exchange Reuters TDC.CO Bloomberg TDC DC Nominal value DKK 5 ISIN DK0010 253335 Sedol 5698790.