Dividend history and Risk 

 
 

 

 Dividend history and Risk

Dividend the last years:
(including sharesplits that took place in 2004 and 2005)
 Year: Amount per share: Suggested: Date approved: Paid:
2010 - 0 - - -
2009 Ordinary NOK 1.00 11. March 2009 5 May 2009 19 May 2009
2008 Ordinary NOK 2.00 04 Mar. 2008 5 May 2008 16 May 2008
2007 Ordinary NOK 3.00 06 March 2007 3 May 2007 15 May 2007
2006 Ordinary NOK 3.25 4 May 2006 24 May 2006 7 June 2006
2006 Extraordinary NOK 2.25 23 Aug. 2006 12 Oct.2006 26 Oct. 2006
2005 Ordinary NOK 2.00 7 March 2005 4 May 2005 24 May 2005
2005 Extraordinary NOK 2.50 24 Aug. 2005 10 Oct. 2005 25 Oct. 2005
2004 Ordinary NOK 1.50 8 March  2004 5 May 200 24 May 2004
2004 Extraordinary NOK 1.50 29 Oct. 2004 30 Nov. 2004 14 Dec.  2004
2003 Ordinary NOK 2.00 18 March 2003 5 May 2003 20. May 2003
2003 Extraordinary NOK 1.00 8 Dec. 2003 23 Dec. 2003 14. Jan. 2004

Risk

Special information for Norwegian shareholders:
Under the tax reform of 1 January 1992 the cost of shares for tax purposes is to be adjusted annually to reflect the company’s retained taxed earnings in order to prevent double taxation. The adjustment is named RISK-adjustment. This system was discontinued as from 1 January 2006, however, the RISK-adjustments for previous years still apply.

The following RISK adjustments have been set for the Odfjell-share:

1 January 2006 minus NOK 2.50 per share
1 January 2005 minus NOK 3.50 per share
1 January 2004 minus NOK 2.50 per share
1 January 2003 minus NOK 1.84 per share
1 January 2002 minus NOK 1.80 per share
1 January 2001 minus NOK 1.00 per share
1 January 2000 minus NOK 1.00 per share
1 January 1999 minus NOK 1.00 per share
1 January 1998 minus NOK 1.00 per share
1 January 1997 minus NOK 0.75 per share
1 January 1996 minus NOK 0.50 per share
1 January 1995 minus NOK 0.38 per share
1 January 1994 minus NOK 0.32 per share
1 January 1993  NOK 0.00 per share

The reason why the RISK adjustments are negative (and reduce the cost price of the shares for tax purposes) is that the company has paid dividend in excess of taxable earnings in each particular year. Norwegian shareholders do not pay tax on dividend when received but the dividend becomes taxable when the shares are sold.

In accordance with the Norwegian tax reform of 1 January 1992, the price paid by Norwegians for shares acquired prior to 1 January 1989 may currently be adjusted upwards to NOK 15.41 for A-shares and NOK 14.87 for B-shares.

All share data have been restated according to the 2:1 splits of the shares that took place in 2004 and 2005.

 

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