The Board of Directors proposes a 5:1 share split
The Board of Directors of GARO AB (publ) proposes that the Annual General Meeting on May 5, 2021 resolve on a 5:1 share split, meaning that each share is divided into five shares of the same series. For more information on the proposal for the resolution of the share split, refer to the notice to the Annual General Meeting that was published today.
For more information, please contact:
Stefan Jonsson +46 (0)70 588 66 73
GARO develops, manufactures and supplies innovative products and systems for the electrical installations market under its own brand. With a focus on user-friendliness, sustainability and design, GARO takes responsibility for the entire life cycle of its product areas within Electrical distribution products, E-mobility, Project business and Temporary electric installations.
At year-end, the Group had 420 employees with operations in Sweden, Norway, Finland, Ireland, Poland and Great Britain and Northern Ireland. Sales are divided into GARO Sweden and GARO Other markets. The head office is in Gnosjö, Sweden. Production units are located in Gnosjö and Värnamo, Sweden, and in Szczecin, Poland. GARO is listed on Nasdaq Stockholm, Mid Cap. The business concept is “with a focus on innovation, sustainability and design, GARO provides profitable complete solutions for the electrical industry.”