STOCKHOLM, April 27,
2022 /PRNewswire/ -- Major items approved by
today's Annual General Meeting include:
- A dividend of 1.86 SEK per
share to be paid in two equal instalments of 0.93 SEK per share
- Mandate to repurchase up to 10 percent of all shares in the
Company
- Withdrawal of 55,000,000 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 a new Board Director, Sanna Suvanto-Harsaae, and
of Deloitte AB as auditor
At the Annual General Meeting of Swedish Match AB (publ) on
April 27, it was resolved, in
accordance with the proposal of the Board of Directors, to pay a
dividend of 1.86 SEK per share
distributed to the shareholders in two equal payments of
0.93 SEK per share. The record date
for the right to receive a cash dividend for the first payment is
April 29, 2022, and payment through
Euroclear Sweden AB is expected to be made on May 4, 2022. The record date for the second
payment is November 14, 2022, and
payment through Euroclear Sweden AB is expected to be made on
November 17, 2022.
The Board of Directors and the Chief Executive Officer were
granted discharge for the financial year 2021.
Charles A. Blixt, Jacqueline Hoogerbrugge, Conny Karlsson, Alexander Lacik, Pauline
Lindwall, and Joakim Westh
were re-elected as members of Swedish Match's Board of Directors.
Sanna Suvanto-Harsaae was elected as new member of the Board of
Directors. Conny Karlsson was
re-elected as Chairman of the Board.
The Annual General Meeting elected Deloitte AB as auditor until
the end of the Annual General Meeting 2024.
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 2021.
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. Swedish Match owns 59,285,810 treasury shares as per
April 27, 2022.
In addition, the Annual General Meeting resolved to reduce the
Company's share capital by 13,559,080.98
SEK by means of withdrawal of 55,000,000 previously
repurchased shares held in treasury, with a simultaneous bonus
issue, without issuing any new shares, of a corresponding amount to
restore the share capital. The shareholders further approved the
proposal that the reduction will be allocated to a fund for use
pursuant to a resolution adopted by the Annual General Meeting.
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, 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
2022.
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.
CONTACT:
Lars Dahlgren, President and
Chief Executive Officer
Phone +46 8 658 0441
Anders Larsson, Chief Financial
Officer and Senior Vice President Group Finance
Phone +46 10 139 3006
Emmett Harrison, Senior Vice
President Investor Relations
Phone +46 70 938 0173
Johan Levén, Investor Relations and Business Analysis
Manager
Phone +46 70 207 2116
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/swedish-match/r/swedish-match-annual-general-meeting-2022,c3554571
The following files are available for download:
https://mb.cision.com/Main/2004/3554571/1570090.pdf
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Swedish Match AGM
2022_ENG
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SOURCE Swedish Match