Brief: Ferronordic Postpones AGM Until June 25, 2020 Due To COVID-19

Ferronordic AB

25/03/2020 07:44

March 25 (Reuters) - Ferronordic AB  FNMA.ST :
    * FERRONORDIC POSTPONES AGM UNTIL 25 JUNE 2020
    * ON CORONAVIRUS: IN VIEW OF UNCERTAINTY CAUSED BY COVID-19,
FERRONORDIC'S BOARD OF DIRECTORS HAS DECIDED TO POSTPONE 2020
AGM UNTIL 25 JUNE
    * TO EVALUATE BOARD'S DIVIDEND PROPOSAL.
    * OUTBREAK OF COVID-19 HAS SO FAR HAD RELATIVELY LIMITED
IMPACT ON
FERRONORDIC'S BUSINESS AND FINANCIAL POSITION
    * CUSTOMER DEMAND IN RUSSIA AND KAZAKHSTAN HAS NOT BEEN
SIGNIFICANTLY IMPACTED.
    * THERE HAS RECENTLY BEEN A DECLINE IN DEMAND IN GERMANY
    * DEMAND IN RUSSIA AND KAZAKHSTAN MAY ALSO BE NEGATIVELY
AFFECTED.

Source text for Eikon:  ID:nWkr9ct35 
Further company coverage:  FNMA.ST 

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