Swedbank's Board of Directors has decided to convene an Extraordinary General
Meeting ("EGM") on Thursday, 28 October 2021. The Board of Directors proposes a
further ordinary dividend relating to the financial years 2019 and 2020 of SEK
7.30 per share.
Swedbank's Board of Directors has carefully considered the development of the
Covid-19 pandemic and its consequences both for the bank's business and for
society at large. The bank's financial position is strong from both a capital-
and liquidity perspective. Over the course of the pandemic, Swedbank has
supported its customers with financing and advice.
After having evaluated the bank's ability to continue supporting customers and
taken into account that the Swedish Financial Supervisory Authority ("SFSA") has
not prolonged its recommendation that banks be restrictive with dividends and
share buybacks, the Board of Directors has decided to propose a further ordinary
dividend relating to the financial years 2019 and 2020 of SEK 7.30 per share.
This proposed dividend together with the dividends that were paid in February
and April 2021, corresponds to 50 per cent of the net profit for the financial
years 2019 and 2020, in accordance to Swedbank's dividend policy.
1 November 2021 is proposed as the record date for the dividend, which means
that the dividend is expected to be paid on 4 November 2021. With such record
date, the last trading day in the Swedbank share, including the right to receive
dividend, will be 28 October 2021, and the first trading day in the Swedbank
share, excluding the right to receive dividend, will be 29 October 2021.
Due to the ongoing pandemic, the Board of Directors has decided that the EGM
should be executed without the physical presence of shareholders, proxies or
external participants and that voting may only be done by post prior to the
EGM.A convening notice to the EGM will be issued shortly.
Further information:
Annie Ho, Head of Investor Relations, phone: + 46 70 343 78 15
Unni Jerndal, Senior Advisor, phone: +46 73 092 11 80
This announcement involves the disclosure of inside information
Swedbank AB (publ) is required to disclose this information pursuant to the EU
Market Abuse Regulation. The information was submitted for publication, through
the agency of the contact person set out above, at 08.00 CET on 1 October 2021.
Swedbank encourages a sound and sustainable financial situation for the many
households and businesses. As a leading bank in our home markets of Sweden,
Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial
services and products. Swedbank has over 7 million retail customers and around
600 000 corporate customers and organisations with 154 branches in Sweden and
80 branches in the Baltic countries. The group is also present in other Nordic
countries, the US and China. Read more at www.swedbank.com