Major items approved by today's Annual General Meeting include:
- A dividend of
15.00 SEK per share - Mandate to repurchase up to 10 percent of all shares in the Company
- Withdrawal of 4,200,000 repurchased company shares with a simultaneous bonus issue without issuing any new shares
- Mandate to resolve on the transfer of shares in the Company and to issue new shares
- Election of
Deloitte AB as auditor - Amendment of the Articles of Association
- A share split 10:1
At the Annual General Meeting of
The Annual General Meeting further approved the proposed remuneration to the members of the Board of Directors as set out in the notice. The Annual General Meeting resolved to adopt the Board of Directors' remuneration report for 2020.
Furthermore, the Annual General Meeting approved the Board of Directors' proposal that it be authorized to resolve on acquisition of the Company's own shares, on one or several occasions prior to the next Annual General Meeting, provided the Company's holding does not at any time exceed ten (10) percent of all shares in the Company. The shares shall be acquired on Nasdaq Stockholm at a price within the price interval registered at any given time, i.e. the interval between the highest bid price and the lowest selling price.
In addition, the Annual General Meeting resolved to reduce the Company's share capital by
The Annual General Meeting authorized the Board of Directors to resolve on the transfer of the Company's own shares, on one or several occasions prior to the next Annual General Meeting. The shares may only be transferred in conjunction with the financing of company acquisitions and other types of strategic investments and acquisitions, and the transfers may not exceed the maximum number of treasury shares held by the Company at any given time. Transfer of own shares shall be made either on Nasdaq Stockholm or in another manner.
Furthermore, the Annual General Meeting approved the Board of Directors' proposal that it be authorized to, for the period until the end of the next Annual General Meeting, to issue new ordinary shares on one or more occasions, with or without deviation from shareholders' preferential rights and against payment in cash, in kind or by set-off. The number of shares that may be issued may not exceed a maximum dilution effect of ten (10) percent of the share capital and votes at the time of the Annual General Meeting 2021.
The Annual General Meeting elected
The Annual General Meeting resolved, as proposed by the Board of Directors, to amend the Articles of Association, primarily as regards the stipulation on minimum and maximum number of shares and share capital due to the proposed share split (see below), but also by introducing the possibility of postal voting to facilitate and increase flexibility in the conduct of General Meetings.
The Annual General Meeting resolved, as proposed by the Board of Directors, to split the share of the Company, whereby each existing share shall be split into ten shares of the same class of shares (10:1 share split). The Board of Directors was mandated to decide on the record date for the share split, which is estimated to be
The Annual General Meeting approved all other proposals made by the Board of Directors and the Nominating Committee. The proposals are outlined in the published notice of the Annual General Meeting.
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Contacts:
Phone +46 8 658 0441
Phone +46 10 139 3006
Phone +46 70 938 0173
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Visiting address: Sveavägen 44, 8th Floor. Telephone: +46 10 13 93 000
Corporate Identity Number: 556015-0756
www.swedishmatch.com
https://news.cision.com/swedish-match/r/swedish-match-annual-general-meeting-2021,c3324455
https://mb.cision.com/Main/2004/3324455/1400734.pdf
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