The Board of Loomis proposes a dividend of SEK 5.50 per share for 2019

Due to the uncertainty caused by the corona pandemic, in March, the Board of Directors of Loomis AB withdrew its original proposal on dividend ahead of the annual general meeting 2020 of SEK 11 per share. At the same time it was announced that a final decision on distribution of dividend was intended to take place on an extraordinary general meeting later during the year when the consequences of the corona pandemic have become more clear.

The Board has now reassessed the effects of the corona pandemic and the financial position of the company. The Board’s overall determination as per today is that there is cause to continue to be restrictive due to the fact that the risk relating to the pandemic in the society remains and that the consequences thereof are still difficult to overview. To this background, the Board has today resolved to propose a dividend of SEK 5.50 per share for 2019 (corresponding to SEK 413.74 million in total) to be resolved upon by an extraordinary general meeting that is expected to be held on 10 December 2020.

Further information regarding the extraordinary general meeting will be provided within short in a separate notice convening the meeting. As a precautionary measure to decrease any risk of spreading the coronavirus, the Board has resolved that the extraordinary general meeting should be held without physical presence by inviting the shareholders to exercise their voting rights only by postal voting.

Loomis’ interim report for January–September 2020 will be published on 5 November 2020, at 8:00 a.m. CET.

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, merchants 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 persons set out below, at 6.15 p.m. CET on November 4th, 2020.