Why was this so important?
Among other things, this means lower costs for our customers. The cost in Norway of mailing letters is significantly higher than in other comparable countries. Distribution of notices of dividend payments to several thousand shareholders are far from cheap, especially after the authorities recently allowed the issuers to pay dividends several times a year. Our biggest customer has changed its dividend policy from annual to quarterly payments. An analysis of the customer’s costs for dividend payments in August versus November concludes that VPS has reduced the cost for the customer by 30 % – of which NOK 412,000 in postage had just “disappeared”!