ABB is making a facility available for shareholders of ABB Ltd who are tax-resident in Sweden and holding shares of ABB Ltd registered with Euroclear Sweden - that allows them to receive the dividend relating to those shares in Swedish kronor without deduction of Swiss withholding tax.
Such shareholders can apply to take part in the Dividend Access Facility (DAF) starting on March 2 through March 17, 2020. Current shareholders who participated in ABB’s DAF in 2019 will be registered automatically for the DAF in 2020.
Assuming that shareholders approve the dividend at ABB’s Annual General Meeting on March 26, 2020, the dividend under the DAF is expected to be paid on April 3, 2020.
The dividend will be paid in Swedish kronor through Euroclear Sweden and will correspond to the dividend that ABB Ltd pays in Swiss francs (the CHF/SEK exchange rate for the dividend will be determined on March 27, 2020). The dividend will be taxed according to the relevant Swedish tax rules valid for each person or entity.
Further information is available on the ABB Sweden website at www.abb.se/aktie or under the following hotline number: +46 (0)8 518 01 555.
ABB (ABBN: SIX Swiss Ex) is a technology leader that is driving the digital transformation of industries. With a history of innovation spanning more than 130 years, ABB has four, customer-focused, globally leading businesses: Electrification, Industrial Automation, Motion, and Robotics & Discrete Automation, supported by the ABB Ability™ digital platform. ABB’s Power Grids business will be divested to Hitachi in 2020. ABB operates in more than 100 countries with about 144,000 employees.