HEXPOL AB Proposes Dividend for the Financial Year 2019, Payable on 27 November 2020
October 26, 2020
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HEXPOL AB (publ) announced that prior to the annual general meeting on 28 April 2020, the Board of Directors resolved to withdraw the dividend proposal for the financial year 2019 due to the uncertainty in global demand caused by the Covid-19 pandemic and, if the circumstances so permit, convene an Extraordinary General Meeting in the autumn 2020 for resolution on a dividend. The Annual General Meeting resolved in accordance with the proposal by the Board of Directors that no dividend be distributed to the shareholders. The impact of the Covid-19 pandemic can now be better overviewed and the Board of Directors has assessed that, due to the Group’s strong performance and liquidity, prerequisites for a dividend in accordance with the original proposal exist. Consequently, the Board of Directors proposed at its extraordinary general meeting to be held on 20 November 2020 to resolve on a dividend of SEK 2.30 per share. As record date for the dividend, the Board of Directors proposes 24 November 2020. If the General Meeting resolves on a dividend in accordance with the proposal, the dividend is expected to be distributed by Euroclear Sweden AB on 27 November 2020.
Hexpol AB is a Sweden-based company engaged in the development, manufacture and marketing of polymer products. Its operations are divided into two business areas. The HEXPOL Compounding business area develops and manufactures advanced polymer compounds for demanding applications, and includes 25 production units with production, sales and development operations, which are divided into four areas: the geographic regions of North American Free Trade Agreement (NAFTA), Europe and Asia, as well as the HEXPOL Thermoplastic Elastomer (TPE)-Compounding product area. The HEXPOL Engineered Products business area offers a combination of material and application technology in polymer materials and special components, and develops and manufactures rubber gaskets for plate heat exchangers and rubber and plastic wheels for forklifts. The Company focuses mainly on the Original Equipment Manufacturer (OEM) customers. In August 2014, Hexpol AB completed the acquisition of Kardoes Rubber.
HEXPOL AB 
