Raketech’s Board of Directors withdraws dividend proposal

“In light of the revised full year guidance announced May 1, 2024, and our current financial obligation relating to the Casumba earnout, it is paramount that we prioritize the company’s financial flexibility. While we recognize the significance of dividends to shareholders, we believe that withdrawing the proposed dividend and increasing our financial flexibility is the right thing to do to ensure long-term sustained growth and value creation. This decision underscores Raketech’s commitment to prudent financial management and its focus on delivering sustainable growth and profitability. The company remains committed to delivering value to its shareholders and will continue to assess opportunities to enhance shareholder returns in a manner that aligns with its long-term strategic objectives,” says Ulrik Bengtsson, Chairman of the Board.