Business News
Participation in Dividend Access Facility 2011 reported
Thursday 28. April 2011 - The dividend is subject to approval by the shareholders at the Annual General Meeting on April 29, 2011
Shareholders representing 297,405,123 shares are participating in ABB Ltds Dividend Access Facility (DAF), corresponding to 54% of ABB Ltd shares registered with Euroclear Sweden.
Shareholders participating in the DAF will temporarily be registered as shareholders without rights to the ABB Ltd dividend. These shareholders will instead receive their dividend from ABB Ltds Swedish subsidiary ABB Norden Holding AB. The participating shareholders will for each ABB Ltd share receive one ABB Ltd share without dividend rights (ABB Ltd U), and one dividend right separated from the share (SR1). The ordinary ABB Ltd shares will be re-registered on the shareholders VP accounts on May 9, 2011. Assuming that shareholders approve the dividend at ABBs annual general meeting on April 29, for shareholders participating in the DAF, the dividend payment date is planned to be May 10, 2011.
The ABB Ltd U share will be traded, in parallel with the ABB Ltd share, on the NASDAQ OMX Stockholm, during the period April 26, 2011 through May 3, 2011. The ABB Ltd U shares ISIN code is SE0000625568. Trading in dividend rights, SR1, will not be possible.