For the financial year 2017, the Board of Tele2 AB has decided to recommend an ordinary dividend payment of SEK 4.00 per ordinary A and B share to the Annual General Meeting (AGM) in May 2018.
Dividend Financial target following merger with Com Hem
Pursuant to the announcement on January 10 of the proposed merger with Com Hem, the Board of Directors of Tele2, together with Tele2’s management, have considered appropriate financial targets for the combined entity and agreed on below framework. Subsequent to the completion of the merger, the Tele2 management team will together with the Tele2 Board of Directors refine and possibly adapt these targets.
Shareholder remuneration: Following completion of the merger, the combined entity will remain committed to covering shareholder remuneration with equity free cash flow and to returning excess capital to shareholders. It is envisaged that the combined entity will increase shareholder remuneration relative to Tele2’s level today and grow it over time.
Capital structure: The combined entity will be committed to a credit profile consistent with an investment grade credit rating and to maintain the current leverage target of 2.0–2.5x over the medium term.
Below table depicts the ordinary cash dividends and other cash distributions to shareholders paid per ordinary share by Tele2 since fiscal year 2009. All amounts in SEK.
|Decision at Annual General Meeting||2017||2016||2015||2014||2013|
|Other distribution to shareholders
||11 May 2017
||26 May 2016
||21 May 2015
||15 May 2014
||16 May 2013/
11 June 2013
* Extra ordinary dividend with the same record date as for the ordinary dividend.
** Distribution to shareholders via a share redemption program of SEK 12.5 billion, which was equivalent to a distribution of SEK 28 per existing share of Class A and B in Tele2. The record date for the share redemption program was 11 June 2013.