The Board of Directors of Solar has assessed the company's capital structure and decided to use the authority granted by the latest annual general meeting to distribute an extraordinary dividend. An extraordinary dividend of DKK 45.00 per share of DKK 100, totaling DKK 329 million, will be distributed. This was made possible because of the upwards revised EBITDA guidance for 2022.
The distribution of dividend will take place on 17 May 2022 to shareholders, who have recorded their shares in their portfolio as at 16 May 2022. 11 May 2022 will be the last trading day with right to extraordinary dividend for shares, which are traded at normal value (T+2).
Solar A/S is a Denmark-based company engaged in the distribution of electrical, heating, plumbing and ventilation components. The Companyâs sales are divided into industry segment and contractor segment. The Company offers, among others, lightning, boilers and radiators, water heaters, heat pumps, switches and socket outlets, detection and push buttons, fans and air handling units, solar heating units, fire alarm systems, contactors, and cables for building, marine and offshore, and telecommunications industries. The products are distributed through a network of centrally located branches, drive-ins supporting the central warehouses and through an online channel. Apart from this, it sells accessories for consumer electronics through Aurora Group A/S. Solar A/S operates a number of subsidiaries in Denmark, Faroe Islands, Sweden, Norway, the Netherlands, Belgium, Poland and Austria. It operates, among others, through MAG45, an integrated supply company.