H&M drops reinvestment plan, proposes unchanged dividend

STOCKHOLM (Reuters) - Swedish fashion retailer H&M dropped plans to ask shareholders to reinvest their dividend payouts in newly issued shares on Monday, saying the move had proved problematic to carry out.

Under the original plan, the retailer was set to make the request to its annual general meeting in May in order to help finance investments in analytics and technology and rekindle growth at the embattled firm."The investigation has shown that the reinvestment plan would be difficult to implement, both from a technical perspective and because.....

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