HABO, Sweden, April 17, 2020 /PRNewswire/ --
Dividend proposal
Due to the current uncertainties arising from the Covid-19
pandemic, the Board of Directors of AB Fagerhult (publ)
("Fagerhult" or the "Company") has decided to withdraw the current
dividend proposal of SEK 1.50
communicated in the fourth quarter 2019 report and in the Annual
Report 2019. The Board proposes that the Annual General Meeting
resolve that no dividend will be paid.
Fagerhult has a solid balance sheet and, as earlier announced,
prompt actions have been implemented across the group to mitigate
future financial impact from the Covid-19-pandemic. However, in the
view of the increased economic uncertainty and as a precautionary
measure the Board believes that it is justified to withdraw its
dividend proposal.
When the market has stabilized and the situation becomes
clearer, it is the Board's intention to re-evaluate the situation
and possibly, if deemed by the Board to be justified, call for an
Extraordinary General Meeting and to such meeting propose a
dividend for the financial year 2019.
This proposal for decision does not change Fagerhult's dividend
policy.
New date for AGM
As previously communicated Fagerhult's Annual General Meeting
has been postponed and the new date decided by the Board is
23 June 2020, at 1 pm. The Company will take a number of
precautionary measures in connection with the Annual General
Meeting in consideration of the health and safety of our
shareholders, employees and other stakeholders. The Board will
issue its notice to the Annual General Meeting latest four weeks
prior to 23 June 2020.
Financial calendar dates
The date for Fagerhult's release of its Q1 report has been
changed to 24 April 2020. The dates
for release of the Q2 and Q3 reports are unchanged, at 12 August 2020 and 23
October 2020 respectively.
This information is information that AB Fagerhult is obliged
to make public pursuant to the EU Market Abuse Regulation. The
information was submitted for publication, through the agency of
the contact persons set out below, at 17:05
CET on April
17th 2020.
CONTACT:
For more information contact:
Bodil Sonesson,CEO, +46-722-23-76-02,
bodil.sonesson@fagerhultgroup.com
Michael Wood, CFO,
+46-730-87-46-47, michael.wood@fagerhultgroup.com
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Fagerhult's board of
directors withdraws its current dividend proposal and announces new
date for the annual general meeting, 2020-04-17
|
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SOURCE Fagerhult