The Board of Directors of Loomis proposes that the resolution on dividend is postponed

Today, the Board of Directors has resolved to withdraw its proposal on dividend of SEK 11 per share for 2019 and a final decision on distribution of dividend is expected to take place on an extraordinary general meeting when the consequences of the corona pandemic have become more clear.

Loomis has a solid financial position and the Board of Directors’ assessment is that the previously proposed dividend is still justifiable. However, the Board of Directors considers that a resolution on dividend should not be made at the Annual General Meeting but at an extraordinary general meeting later on during the year when the external and market conditions hopefully have been stabilized and the consequences of the corona pandemic have become more clear. Thus, the Board of Directors has resolved to withdraw the proposal to the Annual General Meeting 2020 on a dividend of SEK 11 per share for 2019, but intend to convene an extraordinary general meeting later on during the year in order to resolve on distribution of the dividend.

Alf Göransson
Chairman of the Board

Contact:
Carina Cederblad
+46 8 522 920 00
carina.cederblad@loomis.com

Loomis offers safe and effective comprehensive solutions for the distribution, handling, storage and recycling of cash and other valuables. Loomis customers are banks, retailers and other companies. Loomis operates through an international network of more than 400 branches in more than 20 countries. Loomis employs around 25,000 people and had revenue in 2019 of SEK 21.0 billion. Loomis is listed on Nasdaq Stockholm Large-Cap list.

This information is information that Loomis AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted or publication, through the agency of the contact person set out above, at 5.40 p.m. CET on March 27, 2020.