STOCKHOLM, Sweden, Dec. 14, 2004 (PRIMEZONE) -- The Board of Directors of RNB has decided to propose to the Annual General Meeting that no dividend be distributed for the 2003/2004 fiscal year.
The Board's ambition is that the company shall be able to pay a dividend as soon as possible to holders of common shares. Considering the company's current structure and development, it is now the Board's long-term goal that the dividend in the future shall amount to 50 percent of profit after tax.
The share capital in RNB is distributed among 7,504,437 common shares and two preference shares. Holders of the preference share have preferential rights to dividends ahead of common shares in a total amount of SEK 11.4M.
Stockholm, December, 14, 2004 RNB RETAIL AND BRANDS AB
Board of Directors
RNB Retail and Brands AB comprises the Polarn O. Pyret and Portwear Retail business areas. Polarn O. Pyret is a branded company specializing in baby and children's wear. Portwear Retail is a distribution platform for national and international brands.
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