The Board of Directors of JLT Mobile Computers withdraws the proposal of dividend for the financial year 2019
Växjö, Sweden, 7 April 2020 * * * The Board of Directors of JLT Mobile Computers, leading supplier of rugged computers for challenging environments, announces that the previously disclosed proposal for dividend to the Annual General Meeting 2019 is being withdrawn as a precautionary measurement due to the prevailing uncertainty surrounding the COVID-19 situation and its consequences. The Board of Directors maintains its assessment regarding the proposed level of dividend to the shareholders, but chooses to withdraw the dividend in order to better be able to take stock of and manage the current situation with regard to demand, deliveries, results and terms of governmental support measures.
The financial position of JLT is strong, regarding both equity and liquidity. In light of this fact, the Board deems that the previously proposed level of dividend would not jeopardize JLT’s operations and development, and further finds that the Companies act allows the convocation of an extraordinary general meeting later this year to adopt a new resolution in the matter, if appropriate.
As previously disclosed, JLT’s Annual General Meeting will be held at 16:00 on Wednesday, 6 May 2020, in Växjö. The company intends to carry out the AGM in accordance with the recommendations issued by the Public Health Agency of Sweden.
This information is information that JLT Mobile Computers AB (pub) 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 above, at 8:00 am CET on 7 April 2020.
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