The Board of Directors of Concentric AB withdraws proposal of dividend and instead proposes no dividend to the shareholders.
The Board of Directors of Concentric AB has decided to withdraw the previously communicated dividend proposal of SEK 4.50 to the Annual General Meeting on April 23, 2020. The Board instead proposes that no dividend is distributed to the shareholders for the 2019 financial year. At the same time, the Nomination Committee has chosen to withdraw the previously announced proposal to increase Board fees, instead proposing to maintain current Board fees. Due to the current market situation caused by COVID-19, the Board of Directors has prioritized maintaining financial flexibility. Provided