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Press release from Extraordinary General Meeting in AB Volvo

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AB Volvo held an Extraordinary General Meeting on June 29, 2021, where it was resolved to distribute an extra SEK 9.50 per share to shareholders. The record date for the distribution was set for July 1, 2021. This decision reflects the company's commitment to returning value to its investors. The complete resolutions from the meeting will be available for review. The Volvo Group continues to focus on delivering sustainable transport and infrastructure solutions, with net sales of approximately SEK 338 billion in 2020.

Positive
  • Extra distribution of SEK 9.50 per share enhances shareholder value.
  • Record date set for July 1, 2021, indicating timely execution.
Negative
  • None.

GÖTEBORG, Sweden, June 29, 2021 /PRNewswire/ -- AB Volvo held an Extraordinary General Meeting on June 29, 2021. The Meeting resolved, in accordance with the Board of Director's proposal, that an extra distribution of SEK 9.50 per share should be paid to the shareholders.

July 1, 2021 was decided as the record date for the right to receive the distribution.

Minutes from the Meeting including complete resolutions will be available here.

June 29, 2021

For journalists wanting further information, please contact:
Claes Eliasson, Volvo Group Media Relations, +46 76 553 72 29

For more information, please visit volvogroup.com
For frequent updates, follow us on Twitter: @volvogroup 

The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers' uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs almost 100.000 people and serves customers in more than 190 markets. In 2020, net sales amounted to about SEK 338 billion (EUR 33.6 billion). Volvo shares are listed on Nasdaq Stockholm.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/ab-volvo/r/press-release-from-extraordinary-general-meeting-in-ab-volvo,c3376379

The following files are available for download:

https://mb.cision.com/Main/39/3376379/1438242.pdf

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https://news.cision.com/ab-volvo/i/1860x1050-news-common-volvo-sign,c2931128

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SOURCE AB Volvo

FAQ

What is the latest shareholder distribution announced by VLVLY?

AB Volvo announced an extra distribution of SEK 9.50 per share on June 29, 2021.

When is the record date for the extra distribution for VLVLY shareholders?

The record date for the extra distribution is July 1, 2021.

What are the key outcomes of the Extraordinary General Meeting for VLVLY?

The key outcome was the resolution to distribute SEK 9.50 per share to shareholders.

How much were VLVLY's net sales in 2020?

The Volvo Group reported net sales of approximately SEK 338 billion in 2020.

VOLVO AB UNSP/ADR

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