Dividend policy
Volati's Board has adopted a dividend policy entailing that dividends on common shares correspond to 10–30% of net profit after tax. When assessing dividends, consideration is given to future acquisition potential, development potential in existing companies, the Group's financial position and other factors deemed to be significant by the company's Board of Directors.
The Annual General Meeting 2019 decided on a dividend of SEK 1 per ordinary share. Reconciliation date for the distribution of ordinary shares was 29 April 2019 and payment from Euroclear Sweden AB is expected to take place on 3 May 2019.
Preferential annual dividend
Dividends on preference shares are to be issued at an annual amount of SEK 40.00 per preference share, through quarterly payments of SEK 10.00, in accordance with the Articles of Association.
Each preference share entitles the holder to a preferential annual dividend of SEK 40.00, which is payable in an amount of SEK 10.00 each quarter. The following table sets out the dates for payment of the preference share dividends:
| 2019 | |
|---|---|
| The record date for dividend payment¹ | 5 August 2019 |
| The record date for dividend payment¹ | 5 November 2019 |
| 2020 | |
|---|---|
| The record date for dividend payment¹ | 5 February 2020 |
| The record date for dividend payment¹ | 5 May 2020 |
¹The dividend is normally distributed on the third bank day after the record date for Swedish issuers. Euroclear Sweden administers the payment, which means Volati exercises no control over this date.
