Ferronordic Machines extraordinary general meeting on 4 April 2016
Press Release
Stockholm, 4 April 2016
An extraordinary general meeting of Ferronordic Machines AB (publ) was held on 4 April 2016 at Hovslagargatan 5B, Stockholm.
In accordance with the proposal of the board, the meeting resolved 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. The record date for the dividend payment shall be 25 April 2016. The dividend will be paid through Euroclear Sweden AB on 28 April 2016. No dividends shall be paid with regard to ordinary shares.
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.
For more information, please contact:
Anders Blomqvist, CFO and Head of IR, Tel: +46 8 5090 7280 or 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 4 April 2016, 11:00 am CET.
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