The Board of Directors of Ratos proposes a reinstated dividend
On March 30, 2020, the Board of Directors of Ratos decided to withdraw the proposal for a dividend for fiscal year 2019, due to the market instability and uncertainty factors about COVID-19's medium-term financial effects. In addition, it was stated that the Board of Directors had an intention to call the shareholders to an Extraordinary General Meeting later in the year to resolve on a dividend, if the market had stabilized at this time and the company's visibility in earnings had normalized. The Board of Directors has now assessed the company's financial performance and cash position and concluded that a reinstatement of the dividend is appropriate. Therefore, the Board of Directors has decided that the company shall call for an Extraordinary General Meeting on 22 October, 2020, to decide on a proposal of a dividend of SEK 0.65 per share to be paid for the fiscal year 2019. Ratos will repay the governmental grants that have been received in Sweden related to the COVID-19 situation. Further details regarding the Extraordinary General Meeting will be provided shortly in a separate notice for the meeting.
For further information, please contact:
Jonas Wiström, CEO Ratos, tel: +46 8 700 17 00
Helene Gustafsson, Head of IR- and Press Ratos, tel: +46 70 868 40 50, email: helene.gustafsson@ratos.se
This press release contains insider information that Ratos AB is required to disclose under the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above, at 6:00 pm CET on 22 September, 2020.
About Ratos:
Ratos is a business group consisting of 12 companies divided into three business areas: Construction & Services, Consumer & Technology and Industry. In total, the companies have SEK 38 billion in sales and EBITA of SEK 1.8 billion. Our business concept is to develop mid-sized companies headquartered in the Nordics that are or can become market leaders. We enable independent mid-sized companies to excel by being part of something larger. People, leadership, culture and values are key focus areas for Ratos. Everything we do is based on Ratos’s core values: Simplicity, Speed in Execution and It’s All About People.
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