Ferronordic Machines AB gives notice to attend extraordinary general meeting on 2 October 2015

Press Release

Stockholm, 10 September 2015

The shareholders of Ferronordic Machines AB (publ) are invited to attend an extraordinary general meeting to be held at 2 pm (CET) on Friday 2 October 2015 at the company’s office at Hovslagargatan 5B, Stockholm. Registration for the general meeting will begin at 1.30 pm.

The board proposes that the meeting resolve to pay dividends on the company’s preference shares in an amount of SEK 50 per preference share, corresponding to a total dividend payment of SEK 25,000,000. As record date for the dividend payment, the board proposes 23 October 2015. If the meeting resolves in accordance with the proposal, it is expected that the dividend would be paid through Euroclear Sweden AB on 28 October 2015. No dividend shall be paid with regard to ordinary shares.

Given the weak market and the continuously uncertain economic situation in Russia the board is still of the opinion that it would not be prudent to make a resolution now with regard to the payment of dividends on the preference shares in April 2016. If the board later concludes that an additional payment of dividends on the preference shares will be possible, the board will convene another extraordinary general meeting in March/April 2016 in order to pass the required resolutions.

Shareholders who wish to attend the meeting must be recorded in the share register maintained by Euroclear Sweden AB latest on 25 September 2015 and notify the company of their intention to attend no later than 5 pm (CET) on 25 September 2015.

The notice is available on the company’s website, www.ferronordic.ru.

About Ferronordic Machines

Ferronordic Machines is the authorized dealer of Volvo Construction Equipment and Terex Trucks in Russia. The company began its operations in June 2010 and has expanded rapidly across Russia and is today well established in all federal districts with almost 70 outlets and approximately 700 employees. In addition to distributing and providing aftermarket support to Volvo Construction Equipment machines, the company has also been appointed aftermarket dealer for Volvo and Renault Trucks as well as dealer for Volvo Penta in certain parts of Russia. The company has also signed up some other high quality brands such as Logset and several attachment manufacturers. The vision of Ferronordic Machines is to be regarded as the leading service- and sales company in the CIS markets. The preference shares of Ferronordic Machines are listed on NASDAQ OMX First North Premier. The company has appointed Avanza Bank AB as its Certified Advisor.

http://www.ferronordic.ru

For more information, please contact:

Anders Blomqvist, CFO and Head of IR, Tel: +46 8 5090 7280 pr@ferronordic.ru

Ferronordic Machines discloses the information herein pursuant to the Securities Markets Act and/or the Financial Instruments Act. The information was submitted for publication on 10 September 2015, 07:45 CET.

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Contacts

  • Ferronordic Machines AB
    Hovslagargatan 5B, SE-111 48 Stockholm, Sweden
    +46 8 50907280
    http://ferronordic.ru/
  • Ferronordic Machines LLC
    Business Center Country Park Ferronordic Machines LLC Panfilova str., 19, bld.4 Khimki Moscow region Russia 141407
    +7 495 663 9237

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