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As Balder is prioritising growth, capital structure and liquidity in the next few years, the dividend to ordinary shareholders will be low or will not be paid at all. Dividend to the preference shareholders takes place in accordance with the provisions of the articles of association, which means an annual dividend of SEK 20.00 per preference share with quarterly payment of SEK 5.00, according to the following calendar.

Redemtion can be made at a price per preference share of SEK 350.00 plus any Outstanding Amount, after a resolution by the general meeting.
 
In the event of liquidation the preference shares have priority over ordinary shares to an amount of SEK 300.00 plus any Outstanding amount.
 
Each preference share entitles to one tenth (1/10) voting right.
 
In case of failure to distribute dividend any unpaid portion of the dividends will be added to the Outstanding amount (as defined in the Articles of Association). Any Outstanding amount will be adjusted with an annual adjustment factor of 14 %. No dividend may be made to the holders of ordinary shares before the holders of preference shares have received full payment of any Outstanding Amount.
 
The preference shares have no right to receive additional dividends.
 
The terms of the preference shares are governed by Balder's Articles of Association. Amendments to the terms and conditions of the preference shares require i) a resolution by the general meeting from shareholders representing at least two-thirds of the votes cast and the shares represented at the general meeting and ii) that the owners of at least half of the total amount of outstanding preference shares and nine-tenths of the preference shares represented at the general meeting agree to such amendments.

July 2017

Last day of trading including entitlement to payment of dividend 

6 July

First day of trading excluding entitlement to payment of dividend

7 July

Record day for payment of dividend 

10 July

Expected date of payment from Euroclear*

13 July

October 2017

Last day of trading including entitlement to payment of dividend

6 Oct

First day of trading excluding entitlement to payment of dividend

9 Oct

Record day for payment of dividend

10 Oct

Expected date of payment from Euroclear*

13 Oct

* Effected on the third banking day after the record day for Swedish issuers.
However, Balder does not exercise control over this date, but it is subject to Euroclear's rules and regulations.

Contact person

Marcus Hansson

Head of finance
+46 31-10 95 94