UBS Publishes Agenda for Extraordinary General Meeting on 19 November 2020
UBS Group AG (NYSE:UBS) announces the second instalment of its 2019 dividend, scheduled for payment on 27 November 2020, pending shareholder approval at an Extraordinary General Meeting (EGM) on 19 November 2020. This follows a split decision made during the 29 April 2020 Annual General Meeting to distribute the dividend in two equal parts of USD 0.365 per share due to COVID-19 impact. The second distribution will derive equally from capital contribution reserves and retained earnings.
- Approval of second dividend instalment of USD 0.365 per share signifies continued shareholder value.
- Dividend distribution reflects UBS's strong capital management despite the pandemic.
- Pandemic led to a split dividend distribution, indicating potential financial pressures.
ZURICH--(BUSINESS WIRE)--Regulatory News:
The second instalment of the 2019 dividend is to be paid to UBS Group AG (NYSE:UBS) (SWX:UBSN) shareholders on 27 November 2020, subject to shareholder approval at an Extraordinary General Meeting (EGM) on 19 November 2020. This follows the decision at the 29 April 2020 Annual General Meeting (AGM) to split the distribution of the 2019 dividend into two equal instalments of USD 0.365 per share, consistent with a request by FINMA to Swiss banks in light of the uncertainty caused by COVID-19.
The first distribution of USD 0.365 per share was made on 7 May 2020. The second distribution of USD 0.365 per share will be paid out of the special dividend reserve established for this purpose at the 2020 AGM.
Similar to this year’s AGM, personal attendance of shareholders at the EGM will not be possible due to the ongoing pandemic. UBS asks its shareholders to exercise their voting rights through the independent proxy by 16 November 2020. The result of the vote will be shared via a news release and at www.ubs.com/egm.
Shareholders can access the EGM agenda and related information at www.ubs.com/egm.
