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Written by / Agency / Source: ABB Robotics / ABB Ltd

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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

 

NewswireToday - /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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Written by / Agency / Source: ABB Robotics / ABB Ltd

 
 

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ABB’s Dividend Access Facility 2011

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ABB |
Publisher Contact: Thomas Schmidt - ABB.com 
+41 43 317 6568 media.relations[.]ch.abb.com
 
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