Brief: Cloetta Proposes Dividend Of SEK 0.50 Per Share For 2019

Cloetta AB

30/09/2020 07:21

Sept 30 (Reuters) - Cloetta AB  CLOEb.ST :  
    * SAID ON TUESDAY BOARD OF DIRECTORS HAS DECIDED TO PROPOSE
TO
DISTRIBUTE A DIVIDEND TO THE SHAREHOLDERS OF SEK 0.50 PER SHARE
FOR THE 2019 FINANCIAL YEAR
    * IN CONNECTION WITH AN ESTABLISHED DIVIDEND, CLOETTA WILL
REPAY
THE GOVERNMENTAL GRANTS OF APPROXIMATELY SEK 1 MLN RECEIVED IN
SWEDEN RELATED TO THE COVID-19 PANDEMIC
    * THE DIVIDEND IS SUBJECT TO APPROVAL AT AN EXTRAORDINARY
GENERAL
MEETING THAT IS EXPECTED TO BE HELD DURING NOVEMBER 2020
    * THE BOARD'S PROPOSAL OF A DIVIDEND PER SHARE OF SEK 0.50
SHOULD
BE SEEN IN RELATION TO THE PREVIOUS PROPOSAL OF SEK 1.00
    * ALTHOUGH WE CONTINUE TO EXPECT THE DEVELOPMENT FOR CLOETTA
TO
IMPROVE GRADUALLY, THE PANDEMIC IS STILL ONGOING AND THE BOARD
CONSEQUENTLY WISHES TO MAINTAIN A PRUDENT APPROACH

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr5PqH5t
    
 Further company coverage:  CLOEb.ST  
   
    
    

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))