Proposal to postpone dividend decision
The Board of Directors of HEXPOL AB has, due to the current uncertainty in global demand caused by the Covid-19 pandemic, decided to propose a postponement of the decision on the dividend for fiscal year 2019 until the impact of the pandemic is clearer and market conditions have stabilized.
The Board's ambition is to fulfil its previously communicated dividend proposal of 2.30 SEK per share at an extraordinary general meeting during the autumn of 2020.
At the same time, the Nomination Committee proposes unchanged Board fees.
HEXPOL has a strong Balance Sheet and a solid financial position. The Board therefore makes the assessment that the level of the dividend will not risk the company's operations or opportunities for expansion despite the challenging circumstances.
HEXPOL’s Annual General Meeting (AGM) 2020 will be held as planned on 28 April. Due to the spread of the coronavirus, precautionary measures will be implemented in connection with the AGM. Any updated information will be published on HEXPOL AB’s website.
For more information, please contact:
Peter Rosén, Acting CEO and Chief Financial Officer/ Investor Relations Manager
Tel: +46 (0)40 25 46 60
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 5,100 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 2:00 p.m. CET on 3 April, 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.