Dividend

AcadeMedia’s purpose is to provide quality education for the funding received. AcadeMedia’s free cash flow will primarily be reinvested in the business in order to maintain high quality and to finance future business development and growth. The Board of Directors deem that AcadeMedia should maintain a strong balance sheet and thereby high financial stability. Surplus may be distributed to the shareholders provided that AcadeMedia in all material respects meets its targets relating to quality and financial position. This can be done through dividend and/or through redemption of shares or similar methods provided all AcadeMedia’s shareholders are treated equally. AcadeMedia aims to distribute 30 percent of annual profits after tax as dividends.