Shareholder policy
All shareholders receive written notice of the company’s General Meeting, accompanied by a copy of the annual accounts, the Directors’ report and the audit report. They are entitled to attend and vote in person or by proxy, based on the principle of one share – one vote.
Luxo’s investor relations policy
Luxo maintains an active dialogue with the capital market. Once a year, in conjunction with the ordinary general meeting and first quarter presentation, the company’s Chief Executive Officer or Chief Financial Officer gives a presentation of the company and its development in the previous year and the first quarter. Financial presentations are given outside stock exchange trading hours and are posted on the company’s website and the stock exchange’s information system before the stock exchange re-opens for business.
The officer responsible for Investor Relations ensures that relevant information is distributed and registered in conformity with the legislation governing the Oslo Stock Exchange.
Luxo is concerned to ensure equal treatment of all investors and to that end provides rapid access to relevant information to enable a well-informed judgement to be made of the company.
Luxo’s dividend policy
Luxo seeks to manage shareholders’ assets in such a way as to ensure that the return measured as the sum of dividend and capital appreciation is competitive in relation to alternative investment options. An aim is to pay dividends each year based on the company’s earnings, financial room for manoeuvre and investment needs. To this end the Board aims to bring the company’s operating profit up to a level at which dividend payout is possible on an annual basis.