Brief: Addnode Group Provides Update On Coronavirus Impact

Addnode AB (publ)

30/03/2020 13:32

March 30 (Reuters) - Addnode Group AB (publ)  ANODb.ST :
    * ADDNODE GROUP PROVIDES UPDATE ON CORONA PANDEMIC IMPACT,
WITHDRAWS DIVIDEND PROPOSAL AND ANNOUNCES COST SAVINGS MEASURES
    * BELIEVES THAT DIRECT FINANCIAL EFFECTS DURING Q1 OF 2020
WILL BE
LIMITED
    * HAS IDENTIFIED A NEED TO MANAGE FUTURE EFFECTS ON OUR
OPERATIONS
AS A RESULT OF CORONA PANDEMIC.
    * HAS DECIDED TO WITHDRAW PREVIOUSLY ANNOUNCED PROPOSAL FOR
A
DIVIDEND OF SEK 2.50 PER SHARE
    * AT PRESENT, IT IS NOT POSSIBLE TO DETERMINE HOW LARGE OR
LONG-LASTING CORONA PANDEMIC EFFECT IS.
    * BOARD'S NEW PROPOSAL IS THAT NO DIVIDEND BE PAID
    * BOARD OF ADDNODE GROUP AB (PUBL) HAS DECIDED TO WITHDRAW
PREVIOUSLY ANNOUNCED PROPOSAL FOR A DIVIDEND OF SEK 2.50 PER
SHARE

Source text for Eikon:  ID:nWkr1y1Bq6 
Further company coverage:  ANODb.ST 

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