ASSA ABLOY AB Proposes Second Dividend, Payable on 1 December 2020
October 21, 2020 at 01:55 am EDT
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ASSA ABLOY AB (publ) announced that due to the uncertainty about the market situation caused by the Covid-19 pandemic, the Annual General Meeting on 29 April 2020 decided on a dividend of SEK 2.00 per share in accordance with a revised dividend proposal by the Board. The Boards original proposal was a dividend of SEK 3.85 per share. As previously communicated, it has been the clear ambition of the Board to propose a second dividend during 2020 when the consequences of the Covid-19 pandemic can be better assessed and given that the financial position of the Group allows this. The Board has now assessed that the market situation and the financial position of the Group allow for a second dividend. Therefore, the Board has decided to propose a dividend of SEK 1.85 per share to be decided on at an Extraordinary General Meeting on 24 November 2020. As record date for the dividend, the Board proposed 26 November 2020. Should the Meeting resolve in accordance with the proposal, the dividend is expected to be distributed by Euroclear Sweden AB on 1 December 2020.
Assa Abloy AB is the world's leading manufacturer of locking systems. Net sales break down by family of products as follows:
- security doors and systems (47.1%): shielded and automatic doors, magnetic card locking systems (for use by hotels) and security systems for parking meters, slot machines), etc.;
- electronic and electromechanical locking systems (30%): access codes, electronic locks, etc.;
- mechanical locking systems (22.9%): locks, padlocks, bolts, etc.
Net sales are distributed geographically as follows: Europe (32.4%), North America (51.7%), Asia (7.4%), Oceania (4%), Americas (3.3%) and Africa (1.2%).
ASSA ABLOY AB 
