The Annual General Meeting on December 5, 2017 decided on a dividend of SEK 2 per share. They also decided on a cash payment of SEK 6.50 per share through an automatic redemption procedure.
The Annual General Meeting on December 5, 2017 decided according to the Board of Directors' proposal on a cash dividend of SEK 2.00 per share to be paid for 2016/2017, corresponding to SEK 153,640,760.
Record day for the dividend is Thursday December 7, 2017. Expected date of payment via Euroclear Sweden AB is December 12, 2017.
Automatic redemption procedure
The Annual General Meeting also decided according to the Board of Directors' proposal on an automatic redemption procedure, meaning that a cash payment of SEK 6.50 per share will be distributed to the shareholders, corresponding to SEK 499,332,470.
The Annual General Meeting authorized the Board of Directors to determine the record date for the split of shares, which is estimated to be January 12, 2018. Payment of the redemption fee is estimated to be sent by Euroclear Sweden AB on February 6, 2018.
ISIN code for redemption share is SE0010520973 and ISIN code for common share is SE0010520981.
KappAhls dividend policy is that dividend is to be 40–60 per cent of the profit after tax on condition that the Group meets its financial targets: an operating margin of 10 per cent and a sales increase of 4 per cent over a business cycle.