The Board of Directors' proposal, which will jeopardise neither Boliden's ability to handle any deterioration in market terms nor to finance additional growth, asks the AGM to approve, in the same way as last year, a share split and an automatic share redemption procedure whereby each share is divided into one ordinary share and one redemption share. The redemption share will then automatically be redeemed for SEK 4.25 (5.75) per share, corresponding to a total of SEK 1,162 m (1,573). The redemption procedure also includes a reduction of the company's share capital, as proposed recovered through a bonus issue. 

This, in combination with the proposed ordinary dividend SEK 8.75 (8.25) per share, will, subject to the approval of the AGM, mean that shareholders receive SEK 13.00 (14.00) per share, corresponding to a total of SEK 3,556 m (3,829).

A preliminary record date of around 24 May 2019 has been proposed for the share split. Trading in the redemption shares is estimated to take place on Nasdaq Stockholm on 27 May 2019 - 17 June 2019. Boliden expects payment for the redemption shares to be disbursed on or around 25 June 2019.
    
   
For further information, please contact:
Klas Nilsson, Director Group Communication tel: +46 70 453 65 88
    
  
This information comprises the information that Boliden AB is obliged to publish pursuant to the EU's Market Abuse Regulation. The information was released for publication, through the agency of the Director Group Communications, on the 13th of February 2019 at 07.45 (CET).
   
   
Boliden is a metals company with a commitment to sustainable development. Our roots are Nordic, but our business is global. The company's core competence is within the fields of exploration, mining, smelting and metals recycling. Boliden has approximately 5,700 employees and a turnover of SEK 50 billion. Its share is listed on Nasdaq Stockholm, segment Large Cap.