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  • Investor AB’s Board proposes revised 2019 dividend and Annual General Meeting to be held on June 17, 2020

Investor AB’s Board proposes revised 2019 dividend and Annual General Meeting to be held on June 17, 2020

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Covid-19 is currently impacting Investor AB’s companies in different ways and the full impact is still difficult to estimate. Due to the high uncertainty and general lack of visibility some companies have cancelled the dividends or postponed the dividend decisions, while others have proceeded with their original proposals.

Following the decision to postpone the Annual General Meeting in order to gain more time to assess the current situation, the Investor Board of Directors has now revised its dividend proposal and proposes a dividend of SEK 9 per share. Depending on the development in the business environment as well as dividend decisions in the portfolio companies, the Board of Directors will assess a potential second dividend installment later in the year, in which case the Board will call an Extra General Meeting.

“Investor has a strong balance sheet and financial flexibility. However, with 2020 being an exceptional year, at this point we want to be prudent. The dividend proposal is in line with the first dividend installment last year and we will consider a potential second installment at a later stage”, comments Jacob Wallenberg, Chair of Investor AB.

Investor’s dividend policy is to distribute a high percentage of dividends received from its holdings within Listed Companies, as well as to pay a yield on other net assets in line with the market. The ambition is to pay a steadily rising dividend.
                                                                                                                                                                                                                                                                            Investor’s Annual General Meeting will be held on June 17, 2020. Under the present circumstances the intention is to hold the meeting in an “advance voting” format according to proposed temporary legislation and where votes and question are mailed to the Company in advance of the meeting.

For further information:

Viveka Hirdman-Ryrberg, Head of Corporate Communication and Sustainability, 
Phone +46 70 550 3500
viveka.hirdman-ryrberg@investorab.com

Magnus Dalhammar, Head of Investor Relations, 
Phone +46 73 524 2130
magnus.dalhammar@investorab.com

This information is information that Investor AB 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 11:15 CET on May 5 2020.

Our press releases can be accessed at www.investorab.com

Investor, founded by the Wallenberg family in 1916, is an engaged owner of high quality global companies. We have a long-term investment perspective. Through board participation, as well as industrial experience, our network and financial strength, we work continuously to support our companies to remain or become best-in-class. Our holdings include, among others, ABB, Atlas Copco, Ericsson, Mölnlycke and SEB.

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