2010-05-26 Press release: Novestra receives MSEK 6 in dividends
Novestra receives MSEK 6.0 in dividends from the portfolio companies Qbranch and Netsurvey and expects to receive another two significant dividends from other holdings before year-end 2010. During 2009, Novestra received a total of MSEK 18.1 in dividends and through a redemption procedure.
“The continued dividends from the portfolio show that the individual companies not only have a solid capital base, but also that their cash flow supports ongoing dividends to their shareholders. We have had a long period of strong growth and positive development amongst our portfolio companies and the dividends are the short term result of this development. Long term, we hope that the positive development in the portfolio will generate significant returns for Novestra’s shareholders when the portfolio companies are sold or listed” says Novestra’s Managing Director, Johan Heijbel.
For further information please contact Johan Heijbel, Managing Director, AB Novestra, telephone no. +46 8 545 01750.
About AB Novestra
Novestra is an independent investment company with a portfolio of investments in a number of privately held growth companies including Diino AB, Explorica, Inc., MyPublisher, Inc., Netsurvey AB, Qbranch AB and Strax Holdings, Inc. In addition, Novestra has an investment corresponding to approximately 10 percent of the shares in WeSC AB, listed on First North.
The Novestra shares are listed on the Nasdaq OMX Stockholm, under the symbol NOVE, in the Small Cap section. For further information regarding AB Novestra, reference is made to www.novestra.com
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