During the ongoing pandemic, Proact's position as a data and information management specialist has continued to be important to its customers, and market activity has been higher than expected. This, combined with a stable financial position and good liquidity, has reduced uncertainty about the company's ability to handle the pandemic. Also, Proact has not needed to furlough any staff during the pandemic.

In view of this, Proact's Board of Directors proposes that the shareholders at an Extraordinary General Meeting decide on a dividend of SEK 2.50 per share (approximately SEK 23 million).

The proposed dividend of SEK 2.50 per share corresponds to 29 percent of the 2019 profit after tax and is thus in line with the company's dividend policy; to distribute 25-35 percent of the profit after taxes.

The Board will convene an Extraordinary General Meeting, planned to be held during the first week of November, to decide on the proposed dividend.

For further information, please contact:

Jonas Hasselberg, CEO and President, Proact IT Group AB, +46 722 13 55 56, jonas.hasselberg@proact.eu
Linda Höljö, CFO and IR, Proact IT Group AB, +46 72 507 40 85, linda.holjo@proact.eu
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Proact IT Group AB published this content on 11 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 September 2020 13:44:01 UTC