Elettronica
AB Electrolux to propose reinstated dividend based on recovery in earnings and cash flow
The Board of Directors therefore has concluded that a dividend can be proposed without jeopardizing Electrolux financial position. It will call for an Extraordinary General Meeting on November 3, 2020 , to decide on a proposal for a dividend for the fiscal year 2019 of SEK 7 per share, to be paid in one installment. The Board will also propose that a performance based long-term share program for 2020 is implemented in line with its original proposal for the AGM 2020.
The Extraordinary General Meeting will also decide on a proposal from the Board of Directors to include a possibility in the Articles of Association to allow voting by post and to collect proxies before general meetings. Further details regarding the Extraordinary General Meeting will be provided shortly in a separate notice for the meeting.
Electrolux report for the third quarter of 2020 will be published on October 23, 2020 at about 0800 CET . The company will then provide an updated market and business outlook for the full year 2020.
Daniel Frykholm
Electrolux Press Hotline
+46 8 657 65 07
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https://news.cision.com/electrolux/r/ab-electrolux-to-propose-reinstated-dividend-based-on-recovery-in-earnings-and-cash-flow,c3202835
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