UBS Publishes Agenda for Extraordinary General Meeting on 19 November 2020
October 20 2020 - 01:30AM
Dow Jones News
Regulatory News:
The second instalment of the 2019 dividend is to be paid to UBS
Group AG (NYSE:UBS) (SWX:UBSN) shareholders on 27 November 2020,
subject to shareholder approval at an Extraordinary General Meeting
(EGM) on 19 November 2020. This follows the decision at the 29
April 2020 Annual General Meeting (AGM) to split the distribution
of the 2019 dividend into two equal instalments of USD 0.365 per
share, consistent with a request by FINMA to Swiss banks in light
of the uncertainty caused by COVID-19.
The first distribution of USD 0.365 per share was made on 7 May
2020. The second distribution of USD 0.365 per share will be paid
out of the special dividend reserve established for this purpose at
the 2020 AGM. 50% of this second distribution will be paid out of
the capital contribution reserves and 50% will be paid out of
retained earnings (same as with the first distribution in May
2020).
Similar to this year's AGM, personal attendance of shareholders
at the EGM will not be possible due to the ongoing pandemic. UBS
asks its shareholders to exercise their voting rights through the
independent proxy by 16 November 2020. The result of the vote will
be shared via a news release and at www.ubs.com/egm.
Shareholders can access the EGM agenda and related information
at www.ubs.com/egm.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20201019005821/en/
CONTACT: UBS Group AG
Investors
Switzerland: +41-44-234 41 00
Media
Switzerland: +41-44-234 85 00
UK: +44-207-567 47 14
Americas: +1-212-882 58 58
APAC: +852-297-1 82 00
www.ubs.com/media
SOURCE: UBS Group AG
Copyright Business Wire 2020
(END) Dow Jones Newswires
October 20, 2020 01:15 ET (05:15 GMT)
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