Brief: Granges AB Gränges Withdraws Dividend Proposal, Postpones Annual General Meeting

Granges AB

26/03/2020 19:27

March 26 (Reuters) - Granges AB  GRANG.ST :
    * GRÄNGES WITHDRAWS DIVIDEND PROPOSAL, POSTPONES ANNUAL
GENERAL
MEETING
    * DEMAND ON GRÄNGES' END-CUSTOMER MARKETS IS ADVERSELY
AFFECTED BY
OUTBREAK OF COVID-19
    * AGM WILL BE HELD AT A LATER DATE, BUT NO LATER THAN 30
JUNE,
2020 IN ACCORDANCE WITH CURRENT LEGISLATION
    * TEMPORARY LAYOFFS AND REDUCED WORKING HOURS ARE BEING
IMPLEMENTED ACROSS GRÄNGES' OPERATIONS, IN ACCORDANCE WITH LOCAL
REGULATIONS
    * CO WILL PUBLISH A NOTICE TO AGM NO LATER THAN FOUR WEEKS
BEFORE
AND NO EARLIER THAN SIX WEEKS BEFORE MEETING
    * CURRENTLY TOO EARLY TO QUANTIFY POTENTIAL IMPACT ON
GRÄNGES'
OPERATIONS AND EARNINGS FOR 2020
    * ALL TEMPORARY EMPLOYMENTS AND MOST OF CONTRACTED
CONSULTANTS
WILL BE TERMINATED

Source text for Eikon:  ID:nWkr9TjnhV 
Further company coverage:  GRANG.ST 

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