Nordic Waterproofing’s Board of Directors withdraws its dividend proposal, proposes that the BoD is authorised to decide on the distribution of dividends at a later date and a new date set for the AGM

 “Our decision to postpone the Annual General Meeting was the result of an overall assessment of the situation at that time. There is still uncertainty about the development of the overall economic situation, but we now believe we have enough information to host the Annual General Meeting. Regarding the Board’s dividend proposal, we ask the Annual General Meeting to authorise the Board of Directors to distribute extraordinary dividends in the period until the Annual General Meeting in 2021 in order to let the Board of Directors further evaluate the impact on Nordic Waterproofing from the Covid-19 pandemic before making that decision.” says Ulf Gundemark, Chairman of the Board of Directors.

Nordic Waterproofing has a continued strong financial position with a solid balance sheet following strong results and cashflows from previous years. The Board’s dividend proposal for 2019 was motivated by the company’s strong capital position as well as a solid financial result in 2019 but, given the uncertainty of the overall economic situation, it is today difficult to assess the impact on our business. Therefore, the Board of Nordic Waterproofing has withdrawn its previous dividend proposal and instead proposed that the Annual General Meeting authorise the Board to decide on the distribution of dividends at a later stage when the overall economic development and the impact on Nordic Waterproofing’s businesses have been further analysed.

Nordic Waterproofing’s Annual General Meeting will be held on Monday 15 June 2020 in Helsingborg. Time and venue for the Annual General Meeting are to be decided. Invitation to the Annual General Meeting and revised Annual Report for 2019 will be sent out no later than 22 May 2020.

This information is such that Nordic Waterproofing Holding A/S is obliged to make it public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, on May 3, 2020, at 11.15 pm CEST.