Byggmax Group AB Approves Dividend for the 2017 Fiscal Year, Payable on May 17, 2018; Elects Per Strömberg as Board Member
May 09, 2018 at 09:00 am EDT
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Byggmax Group AB (publ) announced that the Annual General Meeting resolved to pay a dividend of SEK 2.50 per share for the 2017 fiscal year. The proposed record date for payment of the dividend is May 14, 2018. Payment of the dividend is expected to be effected by Euroclear Sweden AB on May 17, 2018.
The shareholders also elected Per Strömberg as a new Board member.
Byggmax Group AB is a Sweden-based company active within the construction materials retail sector. The Company is engaged in the discount retail of construction materials in the Nordic do-it-yourself (DIY) market. Its offering includes basic construction materials, such as wood, stone and concrete, isolation materials, doors, windows, flooring, paints and coatings, tools, screws, bolts, basic electrical and ventilation materials, kitchen and toilet fittings, as well as wooden cottage sets. The Company operates Byggmax Norge and Byggmax AB Finland as subsidiaries responsible for retail sails in Norway and Finland, as well as Buildor AB and Skanska Byggvaror as wholly owned subsidiaries. Its largest shareholder is Altor 2003 Sarl, which holds 35.76% of the Companyâs shares. The Company operates 67 stores across Sweden.