Nutri Pharma ASAKronprinsesse Marthas
Plass 1 P.O Box 1477, Vika N-0116 Oslo Norway Telephone +47 23 01 09 60 Telefax +47 23 01 09 70 Send e-mail |
The Board of Directors of Nutri Pharma ASA proposes distribution to shareholders of NOK 2.75 per shareOslo, July 18, 2003 The Board of Directors of Nutri Pharma ASA has unanimously decided to propose to the shareholders at an extraordinary shareholders’ meeting of the Company that NOK 2.75 per issued share (not including 6,801,625 shares owned by Nutri Pharma) will be distributed to the shareholders. The Board of Directors believes that a significant cash reserve is not required in order to pursue the main objective of securing a partnership with an industrial partner. The excess cash should therefore be returned to the shareholders. If approved by the shareholders, the total cash distribution will be NOK 197,642,511 not including shares owned by Nutri Pharma. The extraordinary shareholders meeting is planned to take place in the next few weeks. An invitation to the extraordinary shareholders meeting will be sent out to all shareholders in due course. For further information please contact: |