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Dividend Policy

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Elektroimportøren has adopted a dividend policy targeting a dividend of 60-80% of net earnings, with semi-annual payments. The proposal to pay a dividend in any year is, in addition to the legal restrictions as set out in Section 6.2 "Legal constraints on the distribution of dividends" below, further subject to the Group's number of stores rolled out and other capacity investments, as well as any restrictions under the Group's borrowing arrangements and other contractual arrangements in place at the time.