Regulatory Press Releases
Conversion of shares in NCC AB
According to NCC’s articles of association, owners of Series A shares are entitled to request that such shares be converted to Series B shares. Conversion reduces the total number of voting rights in the company.
Interim report for the first quarter 2020
Strong cash flow and continued improvement
NCC’s Board of Directors has decided to purchase own Series B shares
Pursuant to its mandate from the Annual General Meeting held on April 1, 2020, the Board of Directors of NCC AB (publ) has decided to purchase own Series B shares.
NCC’s Annual General Meeting 2020
The shareholders in NCC today at the Annual General Meeting (AGM) passed resolutions concerning inter alia the adoption of the income statement and the balance sheet, discharge from liability for the Board of Directors and the CEO, dividend payment, election of the Board of Directors and director fees, election of auditor, guidelines for remuneration of senior executives and a long-term performance-based incentive program. Resolutions were also passed regarding a change in the articles of association, following a proposed change in the Swedish Companies Act.
Revised proposals regarding dividend and director fees
Owing to the prevailing uncertainty in society due to the corona virus, the Board of Directors of NCC propose that the Annual General Meeting on April 1 does not resolve on any dividend. However, the intention of the Board of Directors is to, if conditions allow, convene an Extra General Meeting later in the year to decide on a dividend. The Nomination Committee has also decided to propose that the director fees remain unchanged compared to 2019.
Information regarding the NCC Annual General Meeting on April 1, 2020 in view of the coronavirus
As previously announced, NCC plans to hold its Annual General Meeting on April 1 at 4:30 pm, at Norra Latin, Drottninggatan 71 B, Stockholm, Sweden. However, NCC will take precautionary measures to reduce the risk of the spread of infection on account of the coronavirus. We are monitoring developments in society carefully and will revise this decision as needed.
Revised proposal for dividend
The Board of Directors of NCC has previously proposed a dividend of SEK 5 per share divided into two payments, the first of SEK 2.50 per share in April and the second of SEK 2.50 per share in November. Owing to the prevailing uncertainty in society, however, the Board now proposes that the Annual General Meeting only decides on a dividend of SEK 2.50 per share, with April 3, 2020 as the record date. The ambition of the Board of Directors is to, if conditions allow, summon an Extra General Meeting to decide on a second dividend.
NCC’s 2019 Annual Report available at ncc.com
NCC’s 2019 Annual Report is now available digitally at www.ncc.com/ir.
Welcome to NCC’s Annual General Meeting 2020
The Annual General Meeting (AGM) of NCC AB will be held at Norra Latin, Drottninggatan 71 B, Stockholm, on Wednesday April 1st, at 4:30 p.m. (CET).
Conversion of shares in NCC AB
According to NCC’s articles of association, owners of Series A shares are entitled to request that such shares be converted to Series B shares. Conversion reduces the total number of voting rights in the company.