[Stockholm, 9 November 2020] – The SinterCast AB (publ) Extraordinary General Meeting (EGM) was held on 9 November 2020 in Stockholm. The meeting was convened to decide upon the dividend proposal for the financial year 2019, following the withdrawal of the original dividend proposal on 15 May 2020.
The EGM approved the proposed ordinary dividend of SEK 3.50 per share, with no extraordinary dividend, for the financial year 2019. Accordingly, the total dividend for the financial year 2019 is SEK 24.8 million. The parent company retains the remaining part of the non-restricted equity of SEK 56.8 million. The record date for entitlement to receive the dividend is 11 November 2020. It is estimated that the dividend will be distributed by Euroclear Sweden AB on 16 November 2020.
For and on behalf of the Board of Directors:
Dr. Steve Dawson
President & CEO
SinterCast AB (publ)
Mobile: +44 771 002 6342
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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