The Board of Directors of
- For many years,
Handelsbanken's business model has generated stable earnings and capital growth. This development has continued during the pandemic and the Bank's capitalisation is, as of today, well above the Bank's target ratio level.
-
As a result of the Bank's good capital situation, the Board of Directors of
Handelsbanken has resolved to convene an Extraordinary General Meeting and propose an extra dividend.
-
The dividend is intended to consist of approximately 30.5 million class A shares in Industrivärden, corresponding, as of today, to a value of approximately
SEK 8.7 billion , orSEK 4.42 per share, based on the closing price for the Industrivärden class A share on20 September 2021 . The shares are currently managed by Handelsbankens Pensionsstiftelse, but are proposed to be acquired bySvenska Handelsbanken AB (publ) before they are distributed to the shareholders.
- The Bank's exposure to shares in the pension management is reduced through a dividend in the form of shares, which increases long-term stability in the Bank's capitalisation.
- The dividend increases return on equity by 0.3 percentage points.
- The Bank's pension commitments - benefits and payments - towards employees and pensioners are not affected as a result of the transaction.
The Board of Directors' complete proposals will be included in the forthcoming notice to the Extraordinary General Meeting. An information brochure on the proposed dividend is intended to be made available on
For further information, please contact:
Lars Höglund, Head of Investor Relations & Group Financial Strategy, +46 70 345 51 70
The proposal means:
For many years,
As a result of the Bank's good capital situation, the Board of Directors of
The dividend-in-kind is proposed to be made through a distribution of approximately 30.5 million class A shares in Industrivärden, that simultaneously will be acquired from Svenska Handelsbankens Pensionsstiftelse, (the "
The acquisition is subject to the Extraordinary General Meeting of
The proposal in brief:
- 30,461,977 class A shares in Industrivärden are proposed to be distributed to the shareholders in
Handelsbanken . Shareholders inHandelsbanken would receive one class A share in Industrivärden for each 65th share they own inHandelsbanken (irrespective of share class). -
The dividend is estimated to amount to a total of approximately
SEK 8.7 billion , orSEK 4.42 per share, based on the closing price for the Industrivärden class A share on20 September 2021 . -
The shares in Industrivärden are currently managed by the
Pension Foundation , but are intended to be acquired byHandelsbanken in connection with a resolution on the dividend at the then prevailing share price. -
The Board of Directors of
Handelsbanken intends to shortly convene an Extraordinary General Meeting on21 October 2021 to resolve onHandelsbanken's acquisition of class A shares in Industrivärden from thePension Foundation and distribution of these shares to the shareholders inHandelsbanken . -
The proposed record date is
25 October 2021 . The shares in Industrivärden are expected to be available on the shareholders' accounts around27 October 2021 .
About the pension management
This information is of the type that
https://news.cision.com/handelsbanken/r/handelsbanken-convenes-an-extraordinary-general-meeting-and-proposes-extra-dividend,c3419122
https://mb.cision.com/Main/3555/3419122/1471246.pdf
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