To decide on the extra dividend and split, the Board of Directors of NCAB will summon to an Extraordinary General Meeting on 15 December.
The Board of Directors of NCAB has decided to propose for an Extraordinary General Meeting to resolve on an extra dividend of SEK 10 per share, amounting in total to approximately MSEK 187, and thereafter a split of the Company's share 10:1 (i.e. one (1) share will be divided into ten (10) shares) and amendment of the articles of association whereby the limits of number of shares will be changed. The Board of Directors will therefore call the shareholders to an Extraordinary General Meeting on Wednesday, 15 December 2021.
-To make an extra dividend is reasonable as NCAB's cash flow has been and continues to be strong despite our high growth ambitions. Therefore, the balance sheet is robust, and we have also successfully secured new loan facilities, says Christian Salamon, NCAB's Chairman of the Board. Following our listing in July 2018, NCAB's share price has increased tenfold. A split can enable more owners and also provide a better liquidity in the share.
Extraordinary General Meeting
NCAB's Board of Directors has decided to convene an Extraordinary General Meeting on 15 December 2021 without physical presence of shareholders, representatives or external participants. The shareholders may only exercise their vote by post prior to the Extraordinary General Meeting. The agenda includes the Board's proposal for an extra dividend of SEK 10 per share.
The Board of Directors proposes 17 December 2021 as the record date for the dividend, which means that that dividend is expected to be paid out 22 December 2021. With this record date comes the last day for trading in NCAB's share including the right to dividend to be 15 December 2021. First day for trading in NCAB's share excluding the right to dividend will be 16 December 2021. The share split is expected to take place in January 2022. A notice of the Extraordinary General Meeting will be published separately within short.