Stillfront’s board of directors has adopted the following updated dividend policy, which is applicable until further notice:
When cash flow exceeds what Stillfront can invest in profitable expansion over the long-term and funding of potential share repurchase program(s) to cover contingent earn-out liabilities, Stillfront aims to distribute such surplus to shareholders in the form of dividends and/or repurchase of its own shares. Decisions on proposed dividend/share repurchase program(s) will consider Stillfront’s financial position and prevailing economic and operational conditions.