Today, DONG Energy A/S publishes a supplementary prospectus to the base
prospectus dated 17 April 2009 on debt issuance (EMTN) of a nominal amount of
EUR 3,000,000,000.
The supplementary prospectus sets out a proposed change of the company's
dividend policy.
The current dividend policy of DONG Energy A/S is a payout ratio of 40% of the
company's yearly profit after tax (with no adjustment for coupon payments on
issued hybrid capital and minority interests).
The shareholders of DONG Energy A/S have proposed a change of the dividend
policy, which is submitted for approval to the shareholders' respective
competent organs.
The change involves a dividend of DKK 7.25 per share for the financial year
2009 with an annual increase of DKK 0.25 per share (with the current share
capital it corresponds to a dividend of DKK 2,129mn for the financial year 2009
with a yearly increase of DKK 73mn).
The payout ratio, which is the shareholders' share of the company's yearly
profit after tax (adjusted for coupon payments on DONG Energy A/S's issued
hybrid capital and minority interests), will, however, be limited to a maximum
of 60% and a minimum of 40%. Distribution of dividends presupposes that such
distribution is deemed reasonable in consideration of the financial position of
the DONG Energy group.
The prospectus also includes updated information concerning risk factors
described by the company in previous prospectus material. The prospectus can be
downloaded at:
http://www.dongenergy.com/en/investor/funding/pages/debt_programmes.aspx
The information provided in this company announcement will not change the
previous financial guidance for the financial year 2009 or the expected
investment level.
For further information, contact:
Media Relations
Louise Münter
+45 9955 9662
Investor Relations
Morten Hultberg Buchgreitz
+45 9955 9750
DONG Energy is one of the leading energy groups in Northern Europe. We are
headquartered in Denmark. Our business is based on procuring, producing,
distributing and trading in energy and related products in Northern Europe. We
have approximately 6,000 employees and generated more than DKK 60 billion (EUR
8.2 billion) in revenue in 2008. For further information, see
www.dongenergy.com.
