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 February 27 through March 14, 2023. Current shareholders who participated in ABB’s DAF in 2022 will be registered automatically for the DAF in 2023.
Assuming that shareholders approve the dividend at ABB’s Annual General Meeting on March 23, 2023, the dividend under the DAF is expected to be paid on March 31, 2023.
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 24, 2023). 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)8-124 39 855.
ABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company’s solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered and operated. Building on more than 130 years of excellence, ABB’s ~105,000 employees are committed to driving innovations that accelerate industrial transformation. www.abb.com