The facility also allows them to receive their dividend without deduction of Swiss withholding tax consistent with dividend payments to other shareholders
Zurich, Switzerland, March 21, 2012 - ABB, the leading power and automation technology group, is making a facility available for shareholders tax-resident in Sweden, holding shares of ABB Ltd registered with Euroclear Sweden, that allows them to receive their dividend relating to those shares in Swedish Kronor. The facility also allows them to receive their dividend without deduction of Swiss withholding tax consistent with dividend payments to other shareholders.
Such shareholders can apply to take part in the dividend access facility (DAF) starting on March 26 through April 16, 2012. Current shareholders who applied for ABB's last DAF in 2011 will be registered automatically for the 2012 DAF.
Assuming that shareholders approve the dividend at ABB's annual general meeting on April 26, 2012 the dividend paid under the DAF is expected to be paid on May 8, 2012.
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 April 27, 2012). The dividend 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 www.abb.se/aktie or under the following hotline number: +46 2 134 0140.
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 135,000 people.