Brief: Inwido Withdraws Dividend Proposal, Due To Spread Of Coronavirus

Inwido AB (publ)

27/03/2020 07:49

March 27 (Reuters) - Inwido AB (publ)  INWI.ST :
    * THE BOARD OF DIRECTORS OF INWIDO AB WITHDRAWS THE DIVIDEND
PROPOSAL, DUE TO THE SPREAD OF THE CORONAVIRUS
    * TO WITHDRAW PREVIOUSLY COMMUNICATED DIVIDEND PROPOSAL TO
ANNUAL
GENERAL MEETING 2020 OF SEK 3.50 PER SHARE.
    * BACKGROUND TO DECISION IS CONSIDERABLE UNCERTAINTY THAT
EXISTS
AS A RESULT OF EFFECTS OF SPREAD OF COVID-19 VIRUS
    * DECISION HAS BEEN MADE DESPITE FACT THAT INWIDO'S
FINANCIAL
POSITION IS STRONG AND DOES NOT REFLECT ANY CHANGE IN INWIDO'S
DIVIDEND POLICY OR FUTURE DIVIDEND AMBITIONS
    * IT IS IMPOSSIBLE TO ASSESS HOW LONG-LASTING OR SERIOUS
CURRENT
SITUATION AND ITS EFFECTS WILL BE
    * INWIDO MAY NEED INCREASED FINANCIAL RESILIENCE IN FUTURE

Source text for Eikon:  ID:nWkr5Rz53s 
Further company coverage:  INWI.ST 

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