Press the button and be introduced to a new random company!

Introduce me >

Social media

facebook   Follow us on Twitter

Coverage

Catella

Catella

Send subscription Close

Read in Swedish

Catella withdraws dividend proposal and intends to convene an extraordinary general meeting in the second half of 2020

21:05 / 23 April 2020 Catella Press release

In response to the coronavirus pandemic, the board of directors of Catella AB (publ) has decided to withdraw the proposal for a dividend of SEK 0.90 per share and to recommend to the annual general meeting that no dividend be distributed. Catella is in a good financial position, but as future developments are difficult to assess at this point, the board of directors wishes to secure liquidity in the event that the crisis worsens. The board intends to convene an extraordinary general meeting during the second half of 2020 to address the matter of dividends.

Considering the general uncertainty and the actions taken to reduce the spread of the Covid-19 virus, the board has decided to withdraw the dividend proposal and instead recommend to the annual general meeting that no dividend be distributed. Catella is in a good financial position, but market conditions have changed since the board of directors submitted its original dividend proposal. As the consequential effects of the pandemic are difficult to assess at this point, the board of directors is withdrawing the dividend proposal and intends to convene an extraordinary general meeting during the second half of 2020 to address the matter of dividends.

For more information, please contact:

Knut Pedersen
CEO and President
+46 8 463 33 10
knut.pedersen@catella.se

Niklas Bommelin
Investor Relations
+46 76 891 12 40
niklas.bommelin@catella.se

This is information that Catella AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 9:05 p.m. CET on 23 April 2020.

Catella is a leading specialist in property investments and fund management, with operations in 15 countries. The group has assets under management of approximately SEK 160 billion. Catella is listed on Nasdaq Stockholm in the Mid Cap segment. Read more online at catella.com (http://www.catella.com/).

Show as PDF

Show original from Cision

Cision

This information was distributed by Cision http://www.cisionwire.se/