Figurehead Braque (II), by Sigurd Nome.
Financial Policy and Capital Allocation Framework
For the parent company Bonheur ASA.
The goal of the Financial Policy and the Capital Allocation Framework is to make clear the Company’s priorities and ambition to create long-term shareholder value.
Financial Policy
- The Company and its financial and liquidity position shall be strong
- The subsidiaries must optimize their own non-recourse financing
- To accelerate growth within the capital-intensive industries, various means of external capital will be considered, incl. but not
limited to JVs, Hvitsten AS, public markets and M&As
Capital Allocation Framework
- The Company’s Financial Policy is the foundation for capital allocation
- The Company aims to generate competitive long-term shareholder value through a combination of share appreciation and
distributions to shareholders - To drive share appreciation, the Company will allocate capital to the areas where long-term value creation on a risk-adjusted
basis is considered attractive, also considering opportunities outside current ownership holdings - When considering dividend proposals, the Company’s Board of Directors takes into account the Company’s other capital
allocation opportunities and its Financial Policy