Nolato AB's Board of Directors has taken the decision to withdraw the previously announced dividend proposal to the 2020 AGM of SEK 14.50 per share. The decision has been taken despite Nolato's healthy financial position, and does not signal a change in the company's dividend policy or future dividend targets.
The decision comes in light of the considerable uncertainty resulting from the impact of the COVID-19 pandemic. The Board has chosen to withdraw its dividend proposal to the AGM as a precautionary measure and in order to gain a better overview of the consequences of the pandemic, as well as to ensure financial flexibility for the company.
The Board has decided to propose to the AGM on 4 May that no dividend be paid. However, over the course of the year the Board will give consideration to a dividend payment for the 2019 financial year if and when the situation changes. The Nomination Committee proposes unchanged fees to the Board of Directors.
For further information, please contact:
Per-Ola Holmström, CFO, +46 (0)705 763 340
Nolato is a Swedish group with operations in Europe, Asia and North America. We develop and manufacture products in polymer materials such as plastic, silicone and TPE for leading customers within medical technology, pharmaceuticals, consumer electronics, telecom, automotive, hygiene and other selected industrial sectors. Nolato's shares are listed on Nasdaq Stockholm in the Large Cap segment, where they are included in the Industrials sector.
Prior to publication this information constituted inside information that Nolato AB is obliged to publish pursuant to the EU Market Abuse Regulation. The information was issued for publication by the above contact person on 1 April 2020 at 3.30 p.m. CET.
This information was distributed by Cision http://www.cisionwire.se/