Swedbank postpones the Annual General Meeting
Due to the recent development connected with the spread of the Coronavirus, Swedbank’s Board decided today to postpone the Annual General Meeting (AGM) to a later date. With this decision the bank wants to reduce the risk for further spread of the disease in society. The AGM was originally scheduled to take place on 26 March. To date, 589 shareholders have registered for the AGM.
In these extraordinary times Swedbank has an important role to play – to be there for our customers and to support economic activity in the society. With a strong financial position, both in terms of liquidity and capitalisation, Swedbank is prepared to fulfil that role. Swedbank’s Board will monitor the situation closely and thereafter evaluate the proposal for dividend for 2019.
- In light of the great uncertainty created by the spread of the Coronavirus and its impact, the Board has decided that the appropriate thing to do in these circumstances is to postpone the AGM to a later date. We will now focus on assisting our customers in very challenging times, and together overcome these difficulties in the best possible way, says Göran Persson, Chairman of the Board, Swedbank
Swedbank will hold its AGM at the latest on 30 June, 2020.
Gregori Karamouzis, Head of Investor Relations, Swedbank. Phone: +46 (0)72 740 63 68
Unni Jerndal, Head of Press, Swedbank. Phone: +46 (0)73 092 11 80
Swedbank AB (publ) is required to disclose this information pursuant to Regulation (EU) No 596/2014 on market abuse, the Swedish Securities Markets Act (2007:528), the Swedish Financial Instruments Trading Act (1991:980) and the regulatory framework of Nasdaq Stockholm. This information was sent to be published on 20 March 2020, at 16:32 CET.
Swedbank encourages a sound and sustainable financial situation for the many households and businesses. As a leading bank in our home markets of Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has over 7 million retail customers and around 600 000 corporate customers and organisations with 168 branches in Sweden and 99 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. As of 31 December, 2019 the group had operating profit of 24 420 SEKbn. Read more at www.swedbank.com