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ABB’s Dividend Access Facility 2011 - ABB, is making a facility available to shareholders tax-resident in Sweden, holding shares of ABB Ltd registered with Euroclear Sweden, that allows them to receive their dividend in Swedish Kronor without deduction of Swiss withholding tax
ABB’s Dividend Access Facility 2011

 

PRZOOM - /newswire/ - Zurich, Switzerland, 2011/03/28 - ABB, is making a facility available to shareholders tax-resident in Sweden, holding shares of ABB Ltd registered with Euroclear Sweden, that allows them to receive their dividend in Swedish Kronor without deduction of Swiss withholding tax. NYSE: ABB

   
 
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ABB, the leading power and automation technology group, is making a facility available to shareholders tax-resident in Sweden, holding shares of ABB Ltd registered with Euroclear Sweden, that allows them to receive their dividend in Swedish Kronor without deduction of Swiss withholding tax.

Such shareholders can apply to take part in the dividend access facility (DAF) starting today, March 28 through April 15. Current shareholders who applied for ABB’s last DAF in 2007 will be automatically registered for the 2011 DAF.

Assuming that shareholders approve the dividend at ABB’s annual general meeting on April 29, the dividend will be paid under the DAF on May 10, 2011.

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 May 2, 2011) and will be taxed according to the Swedish tax rules valid for each person or entity.

Further information is available on the ABB Sweden website at abb.se/aktie.

ABB (abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 124,000 people.

 
 
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Agency / Source: ABB Robotics / ABB Ltd

 
 

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ABB’s Dividend Access Facility 2011

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ABB |
Contact: Thomas Schmidt - ABB.com 
+41 43 317 6568 media.relations[.]ch.abb.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ABB Robotics / ABB Ltd securities in any jurisdiction including any other companies listed or named in this release.

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