The Board of Directors of Proact IT Group AB proposes that the shareholders, at an Extraordinary General Meeting, decide on a dividend of SEK 2.50 per share
In the light of the uncertainty about the impact of covid-19, Proact's Board of Directors decided in March 2020 to withdraw its previous proposal to the Annual General Meeting in May 2020 of a dividend of SEK 4.15 per share.
During the ongoing pandemic, Proact's position as a data and information management specialist has continued to be important to its customers, and market activity has been higher than expected. This, combined with a stable financial position and good liquidity, has reduced uncertainty about the company's ability to handle the pandemic. Also, Proact has not needed to furlough any staff during the pandemic.
In view of this, Proact's Board of Directors proposes that the shareholders at an Extraordinary General Meeting decide on a dividend of SEK 2.50 per share (approximately SEK 23 million).
The proposed dividend of SEK 2.50 per share corresponds to 29 percent of the 2019 profit after tax and is thus in line with the company's dividend policy; to distribute 25–35 percent of the profit after taxes.
The Board will convene an Extraordinary General Meeting, planned to be held during the first week of November, to decide on the proposed dividend.
For further information, please contact:
Jonas Hasselberg, CEO and President, Proact IT Group AB, +46 722 13 55 56, jonas.hasselberg@proact.eu
Linda Höljö, CFO and IR, Proact IT Group AB, +46 72 507 40 85, linda.holjo@proact.eu
About Proact
Proact is Europe’s leading independent data centre and cloud services provider. By delivering flexible, accessible and secure IT solutions and services, we help companies and authorities reduce risk and costs, whilst increasing agility, productivity and efficiency. We’ve completed over 5,000 successful projects around the world, have more than 3,500 customers and currently manage in excess of 100 petabytes of information in the cloud. We employ over 1,000 people in 15 countries across Europe and North America. Founded in 1994, our parent company, Proact IT Group AB (publ), listed on Nasdaq Stockholm in 1999 (under the symbol PACT). For further information about Proact’s activities please visit us at www.proact.eu
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