STOCKHOLM, March 30, 2020 /PRNewswire/ -- The Board of
Director's assessment of the dividend level for 2019 remains
unchanged. However, as a precaution and in order to better assess
the consequences of the corona pandemic, the Board has decided to
withdraw its proposal to the Annual General Meeting with regard to
the dividend payout. The Board intends to call for an extraordinary
General Meeting later in the year for a resolution on dividend
payout.
SCA's financial position is strong, both in terms of equity as
well as liquidity. The Board of Director's assessment is that the
former proposal on dividend payout would not jeopardise SCA's
operations and development. However, in order to better assess the
effects of the corona pandemic on demand, deliveries and profit,
the Board has decided to withdraw its proposal to the Annual
General Meeting on the dividend payout. The Board intends to call
for an extraordinary General Meeting later in the year for a
resolution on the matter.
As previously announced, SCA's Annual General Meeting will be
held at hotel Södra Berget in Sundsvall on Tuesday March 31, 2020. The Annual General
Meeting is to be held in accordance with the recommendations from
the Public Health Agency of Sweden.
This is information that SCA is obliged to make public pursuant
to the EU Market Abuse Regulation and the Securities Markets Act.
The information was submitted for publication through the agency of
the contact person set out below on March
30, 2020 at 15:00
CET. Björn Lyngfelt, SCP Communications, tel. +46
70 626 82 23
The core of SCA's business is the forest, Europe's largest private forest holding.
Around this unique resource, we have built a well-developed value
chain based on renewable raw material from our own and others'
forests. We offer paper for packaging and print, pulp, wood
products, renewable energy, services for forest owners and
efficient transport solutions.
2019 the forest products company SCA had approximately 4,000
employees and sales amounted to approximately SEK 19.6 bn (EUR 1.9
bn). SCA was founded in 1929 and has its headquarters in
Sundsvall, Sweden. For more
information, visit www.sca.com
For further information, please contact:
Björn Lyngfelt, SVP Communications, tel. +46 70 626 82 23
Jan Svedjebrant, Secretary to the Board, tel. +46 60 19 31 23
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SOURCE SCA