HEXPOL proposes dividend for 2019
In April 2020, the Board of Directors of HEXPOL AB (publ) decided to withdraw its proposal of dividend for the financial year of 2019. This as a consequence of the great uncertainty surrounding Covid-19. At the same time, it was stated that the Board’s ambition was to summon the shareholders to an Extraordinary General Meeting during the fall and proceed its earlier communicated proposal for dividend of SEK 2.30 per share.
The consequences of the Covid-19-pandemic can now be better assessed and the Board has judged that, thanks to the Group’s strong accomplishment and liquidity, there are conditions to reinstate the dividend according to the original proposal. The Board therefore intends to call an Extraordinary General Meeting on the 20th November 2020 to resolve on a proposal for dividend of SEK 2.30 per share for the financial year of 2019.
In connection with an established dividend, HEXPOL will repay the governmental grants received in Sweden related to the COVID-19-pandemic.
Further information regarding the Extraordinary General Meeting and the complete proposal for dividend will be provided within short in a separate notice for the meeting.
For more information, please contact:
Peter Rosén, Acting CEO & CFO
Tel: +46 (0)73 656 49 34
HEXPOL is a world-leading polymers group with strong global positions in advanced polymer compounds (Compounding), gaskets for plate heat exchangers (Gaskets), and plastic and rubber materials for truck and castor wheel applications (Wheels). Customers are primarily systems suppliers to the global automotive and engineering industry, construction industry, the energy, oil and gas sector, medical equipment manufacturers and OEM manufacturers of plate heat exchangers and forklifts. The Group is organised in two business areas, HEXPOL Compounding and HEXPOL Engineered Products. The HEXPOL Group’s sales in 2019 amounted to 15,508 MSEK. The HEXPOL Group has approximately 4,600 employees in fourteen countries. Further information is available at www.hexpol.com.
This press release consists of such information that HEXPOL AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 12:00 p.m. CET on 23 October, 2020. This report has been prepared both in Swedish and English. In case of any divergence in the content of the two versions, the Swedish version shall have precedence.