Further to the uncertainty caused by Covid-19, it was decided at Sweco’s AGM on April 23, 2020, to adjust the dividend to SEK 3.10 per share, this to be compared with the Board of Director’s original proposal of a dividend of SEK 6.20 per share.

The Board considers that the market situation has stabilised and that the company has the prerequisites to proceed with an extraordinary dividend. After these considerations, the Board of Directors had resolved to propose an extraordinary dividend of SEK 3.10 per share, equivalent to a total of SEK 367 million. 

The Board of Directors intends to send out a notification for an extraordinary general meeting on the October 22, 2020. In addition to the extraordinary dividend the Board of Directors proposes that the general meeting resolve to authorise a split of the company’s shares. One existing share of the company will be divided into 3 shares of the same class of shares (3:1 share split), and a connected amendment of the articles of association.

Extraordinary General Meeting
Due to the risk of spreading the Covid-19 and the authorities’ regulations/guidance on avoiding gatherings of people, the Board of Directors has decided that the general meeting should be held without physical presence by inviting the shareholders to exercise their voting rights only by postal voting. 

The complete proposal, including the terms for the extraordinary cash distribution, will be sent out in the upcoming notice to the Extraordinary General Meeting to be held on October 22, 2020.