SSAB's annual general meeting (AGM) was held today,
Adoption of income statement and balance sheet
The AGM adopted the income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet.
Allocation of result
The AGM resolved that no dividend will be paid for the financial year 2020.
Discharge from liability
The AGM granted the directors and President & CEO discharge from liability in respect of the financial year 2020.
Board and auditor fees
The AGM resolved on Board fees in the amount of
Directors
It was resolved that the Board of Directors will comprise eight members. Directors
Auditors
It was resolved that the auditors will be one registered accounting firm.
Remuneration report
It was resolved to approve the Board's remuneration report for 2020.
Amendments to the Articles of Association
The AGM resolved on amendments to the Articles of Association in accordance with the Board's proposal. The amendmentsenable the company to hold general meetings by advance voting, irrespective of the temporary legislation currently in effect.
Authorization for the Board of Directors to resolve upon new issues of shares
The AGM authorized the Board of Directors to, at one or several occasions up to the next AGM, resolve on new issues of shares of series B, with or without the disapplication of the shareholders' preferential rights to subscribe for shares. The total number of shares that may be issued by exercise of the authorization shall be within the limits of the articles of association and not exceed ten (10) per cent of the total number of shares in the company at the time of the Board's resolution to issue new shares.
The authorization includes a right to resolve to issue new shares for cash consideration, by contribution in kind or payment by set-off. Share issues for cash consideration or for consideration by set-off may be made with disapplication of the shareholders' preferential rights only for the purpose of financing acquisitions and provided that the share issue is made on market terms.
For questions, please contact:
Per Hillström, Head of Investor Relations, per.hillstrom@ssab.com, tel. + 46 70 295 2912
SSAB is a Nordic and US-based steel company. SSAB offers value added products and services developed in close cooperation with its customers to create a stronger, lighter and more sustainable world. SSAB has employees in over 50 countries. SSAB has production facilities in
https://news.cision.com/ssab/r/resolutions-adopted-at-ssab-s-2021-agm,c3325376
https://mb.cision.com/Main/980/3325376/1401319.pdf
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