Vasakronan’s Board withdraws the dividend proposal

At an extraordinary Board meeting, Vasakronan’s Board of Directors has decided to withdraw the dividend proposal of SEK 6 billion to the owners.

Covid-19 has had major consequences for society. Vasakronan’s societal role entails a responsibility for contributing to long-term financial stability. The full extent of the consequences of Covid-19 have yet to be revealed.

For these reasons the Board has decided to withdraw the dividend proposal of SEK 6 billion to the owners. The Board has also decided to return to this question later in the year and to reassess the situation based on the circumstances prevailing at that time.“Withdrawing the dividend proposal is a wise move. This is about good business ethics and acting responsibly,” says Johanna Skogestig, CEO of Vasakronan.

For further information, please contact:

Johanna Skogestig
CEO
Tel: 073-068 75 17
E-mail: johanna.skogestig@vasakronan.se    

Rebecca Liljebladh Thorell
Projektledare kommunikation
Tel: 072-222 15 09
E-mail: rebecca.liljebladh-thorell@vasakronan.se

This information is of such a kind that Vasakronan AB (publ) is legally required to disclose pursuant to the EU’s Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication through the agency of the above contact people on 27 March 2020, at 07:00 a.m. CET.

Vasakronan is Sweden’s largest property company with a portfolio valued at around SEK 156 billion. The portfolio is focused on centrally located office and retail properties in the growth regions of Stockholm, Uppsala, Gothenburg and Malmö. In terms of city retail, Vasakronan is the largest in all regions. The property portfolio comprises 174 properties with a total area of about 2.3 million square metres. The company is owned in equal shares by the First, Second, Third and Fourth Swedish national pension funds. Read more at www.vasakronan.se