Deliver Your News to the World

ABB Reports Participation in Dividend Access Facility 2019

The dividend is subject to approval by the shareholders at the Annual General Meeting on May 2, 2019.

Zurich, Switzerland – WEBWIRE

Shareholders representing 477’479’641 shares are participating in ABB Ltd’s Dividend Access Facility (DAF), corresponding to 90% of ABB Ltd shares registered with Euroclear Sweden.

Shareholders participating in the DAF will be registered temporarily as shareholders without right to a dividend from ABB Ltd. These shareholders will instead receive their dividend from ABB Ltd’s Swedish subsidiary ABB Norden Holding AB. The participating shareholders will for each ABB Ltd share receive one ABB Ltd share without dividend rights (ABB Ltd U), and one dividend right from ABB Norden Holding AB separated from the share (SR1). The ordinary ABB Ltd shares will be re-registered on the shareholders’ accounts on May 9, 2019. Assuming that shareholders approve the dividend at ABB Ltd’s Annual General Meeting on May 2, 2019, for shareholders participating in the DAF, the dividend payment date is planned to be May 10, 2019.

The ABB Ltd U share will be traded, in parallel with the ABB Ltd share, on NASDAQ Stockholm, during the period April 29, 2019 through May 6, 2019. The ABB Ltd U share’s ISIN code is SE0012453843. Trading in dividend rights, SR1, will not be possible.

Further information is available on the ABB Sweden website at or under the following hotline number: +46 (0)8 518 01 555.

ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader with a comprehensive offering for digital industries. With a history of innovation spanning more than 130 years, ABB is today a leader in digital industries with four customer-focused, globally leading businesses: Electrification, Industrial Automation, Motion, and Robotics & Discrete Automation, supported by its common ABB Ability™ digital platform. ABB’s market leading Power Grids business will be divested to Hitachi in 2020. ABB operates in more than 100 countries with about 147,000 employees.

( Press Release Image: )


This news content was configured by WebWire editorial staff. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.