Trelleborg’s Board of Directors proposes to postpone dividend decision

The Board of Directors of Trelleborg has decided to withdraw the previous dividend proposal and instead propose that the Annual General Meeting resolves that no dividend will be paid. When the market has stabilized, and visibility of earnings has normalized, it is the Board’s ambition to call to an extraordinary general meeting later this year, to decide on a dividend for the 2019 fiscal year.

The background to this proposal is the increased economic uncertainty and the public measures taken to slow down the spread of COVID-19 globally and their effects on the Group. Trelleborg has a strong financial base, with good liquidity and long-term confirmed financing in place, but as a precaution the Board chooses to propose to the Annual General Meeting that it decides to postpone the decision on the dividend.

This proposal for decision does not change the Group's dividend policy.

Trelleborg’s Annual General Meeting will be held on April 23 at 5:00 p.m. in Trelleborg, Sweden.

For further information, please contact:
Media: Vice President Media Relations Karin Larsson, +46 (0)410 67015, +46 (0)733 747015, karin.larsson@trelleborg.com
Investors/analysts: Vice President IR Christofer Sjögren, +46 (0)410 67068, +46 (0)708 665140, christofer.sjogren@trelleborg.com   

This is information of the type that Trelleborg AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:30 a.m. CET on April 14, 2020.
 

Trelleborg is a world leader in engineered polymer solutions that seal, damp and protect critical applications in demanding environments. Its innovative solutions accelerate performance for customers in a sustainable way. The Trelleborg Group has annual sales of about SEK 37 billion and operations in about 50 countries. The Group comprises three business areas: Trelleborg Industrial Solutions, Trelleborg Sealing Solutions and Trelleborg Wheel Systems and a reporting segment, Businesses Under Development. The Trelleborg share has been listed on the Stock Exchange since 1964 and is listed on Nasdaq Stockholm, Large Cap.
www.trelleborg.com