Brief: Biogaia's Says Previously Proposed Extra Dividend Of Sek 4.25 Per Share Is Cancelled

Biogaia AB

03/04/2020 18:49

April 3 (Reuters) - Biogaia AB  BIOGb.ST :
    * BIOGAIA'S BOARD OF DIRECTORS REVISES THE DIVIDEND PROPOSAL
    * PREVIOUSLY PROPOSED EXTRA DIVIDEND OF SEK 4.25 PER SHARE
IS
CANCELLED
    * REVISION OF DIVIDEND  SHOULD BE SEEN AS A PRECAUTIONARY
MEASURE
IN LIGHT OF INCREASED UNCERTAINTY REGARDING GLOBAL ECONOMIC
OUTLOOK
    * HAS A STRONG FINANCIAL POSITION AND GOOD LIQUIDITY
    * BOARD'S PROPOSAL OF A PROVISION TO FOUNDATION TO PREVENT
ANTIBIOTIC RESISTANCE OF SEK 2.8 MILLION IS UNCHANGED
    * ORDINARY DIVIDEND OF SEK 3.75 PER SHARE WILL BE MAINTAINED
    * BOARD OF DIRECTORS INTENDS TO REVISIT ISSUE OF A POTENTIAL
EXTRA
DIVIDEND LATER IN YEAR

Source text for Eikon:  ID:nWkrQhlRW 
Further company coverage:  BIOGb.ST 

 ((Reuters.Briefs@thomsonreuters.com;))