SinterCast Follow

• Extraordinary General Meeting to be convened on 9 November 2020
• SEK 3.50 proposed as ordinary dividend for financial year 2019

[Stockholm, 13 October 2020] – The Board of Directors of SinterCast AB has decided to convene an Extraordinary General Meeting (EGM) of the shareholders on 9 November 2020. The purpose of the EGM is to decide upon the dividend proposal for the 2019 financial year. The EGM will be held at the premises of the Royal Swedish Academy of Engineering Sciences (IVA), Grev Turegatan 16, Stockholm, Sweden, starting at 15:00 CET. The full notice of the EGM is appended to this press release.

Following the recent increase and initial stabilisation of series production, and in consideration of the current liquidity (SEK 45.9 million on 30 September 2020), the Board has decided to propose an ordinary dividend of SEK 3.50 per share for the financial year 2019. However, in consideration of the ongoing market uncertainty, the Board has decided that an extraordinary dividend shall not be proposed for the 2019 financial year. Accordingly, the Board proposes a total dividend of SEK 24.8 million and that the parent company shall retain the remaining part of non-restricted equity of SEK 56.8 million. The Board of Directors proposes 11 November 2020 as the record date for entitlement to receive the dividend. If the Extraordinary General Meeting decides in accordance with the proposal, it is estimated that the dividend will be distributed by Euroclear Sweden AB on 16 November 2020.

Including the proposed ordinary dividend for the financial year 2019, SinterCast will have distributed SEK 179.5 million to its shareholders since the first dividend in 2011, exceeding the free cashflow of SEK 161.3 million generated during the period 1 January 2010 to 30 September 2020. The Board judges that the current dividend proposal, in line with the dividend policy, represents a balanced approach toward sharing the positive results of 2019 with the shareholders while safeguarding the liquidity in the presence of continued uncertainty in the global economy and in the foundry and automotive industries. The Board maintains its longstanding pro-active approach to dividends.

For and on behalf of the Board of Directors:

Dr. Steve Dawson
President & CEO
SinterCast AB (publ)
Tel: +447710026342
e-mail: steve.dawson@sintercast.com

SinterCast is the world’s leading supplier of process control technology for the reliable high volume production of Compacted Graphite Iron (CGI). With at least 75% higher tensile strength, 45% higher stiffness and approximately double the fatigue strength of conventional grey cast iron and aluminium, CGI allows engine designers to improve performance, fuel economy and durability while reducing engine size, weight, noise and emissions. The SinterCast technology is used for the production of petrol and diesel engine cylinder blocks and exhaust components for passenger vehicles, medium-duty and heavy-duty cylinder blocks and heads for commercial vehicles, and industrial power engine components for agriculture, marine, rail, off-road and stationary engine applications. SinterCast supports the series production of components ranging from 2.7 kg to 9 tonnes, all using the same proven process control technology. As a specialist supplier of precision measurement and process control solutions to the metals industry, SinterCast also supplies the SinterCast Ladle Tracker® and SinterCast Cast Tracker® technologies, to improve process control, productivity and traceability in a variety of applications. With 57 installations in 14 countries, SinterCast is a publicly traded company, quoted on the Small Cap segment of the Nasdaq Stockholm stock exchange (SINT). For more information: www.sintercast.com

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