Brief: Nobia says withdraws dividend proposal, temporarily lays off 3,000 employees

Nobia AB

27/03/2020 16:43

March 27 (Reuters) - Nobia AB  NOBI.ST :
    * NOBIA WITHDRAWS THE DIVIDEND PROPOSAL AND TEMPORARILY LAYS
OFF
3,000 EMPLOYEES
    * NOBIA SAYS FURTHERMORE, NOBIA HAS INITIATED TEMPORARY
LAYOFFS OF
APPROXIMATELY 3,000 EMPLOYEES, OF WHICH AROUND 2,300 REFER TO UK
    * NOBIA SAYS IN ADDITION, CHAIRMAN OF NOMINATION COMMITTEE
HAS
INFORMED COMPANY THAT THERE WILL NOT BE ANY PROPOSED INCREASES
OF BOARD REMUNERATION.
    * NOBIA SAYS FINANCIAL POSITION FOR GROUP REMAINS STABLE
WITH
AVAILABLE CASH AND UNUSED CREDIT FACILITIES OF APPROXIMATELY SEK
1.3 BILLION

Source text for Eikon:  ID:nWkrccLW7Y 
Further company coverage:  NOBI.ST 

 (Reporting By Johan Ahlander)
 ((johan.ahlander@thomsonreuters.com;))