Sweco’s Board of Directors proposes a SEK 3.10 per share extraordinary dividend
Further to the uncertainty caused by Covid-19, it was decided at Sweco’s AGM on April 23, 2020, to adjust the dividend to SEK 3.10 per share, this to be compared with the Board of Director’s original proposal of a dividend of SEK 6.20 per share.
The Board considers that the market situation has stabilised and that the company has the prerequisites to proceed with an extraordinary dividend. After these considerations, the Board of Directors had resolved to propose an extraordinary dividend of SEK 3.10 per share, equivalent to a total of SEK 367 million.
The Board of Directors intends to send out a notification for an extraordinary general meeting on the October 22, 2020. In addition to the extraordinary dividend the Board of Directors proposes that the general meeting resolve to authorise a split of the company’s shares. One existing share of the company will be divided into 3 shares of the same class of shares (3:1 share split), and a connected amendment of the articles of association.
Extraordinary General Meeting
Due to the risk of spreading the Covid-19 and the authorities’ regulations/guidance on avoiding gatherings of people, the Board of Directors has decided that the general meeting should be held without physical presence by inviting the shareholders to exercise their voting rights only by postal voting.
The complete proposal, including the terms for the extraordinary cash distribution, will be sent out in the upcoming notice to the Extraordinary General Meeting to be held on October 22, 2020.
For additional information, please contact:
Lisa Lagerwall, General Counsel, +46(0)73-412 6616, email@example.com
Katarina Grönwall, Chief Communications Officer, +46 (0)73-258 9333, firstname.lastname@example.org
Sweco plans and designs tomorrow’s communities and cities. Our work produces sustainable buildings, efficient infrastructure and access to electricity and clean water. With 17,500 employees in Europe, we offer our clients the right expertise for every situation. We carry out projects in 70 countries annually throughout the world. Sweco is Europe’s leading engineering and architecture consultancy, with sales of approximately SEK 20.6 billion (EUR 1.9 billion). The company is listed on Nasdaq Stockholm. www.swecogroup.com.
This information is information that Sweco AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 18:30 CET on 16 September 2020.