Notice of the Annual General Meeting for Shareholders
Scandinavian Tobacco Group A/S is pleased to announce the upcoming Annual General Meeting scheduled for 9 April 2025 at 4:30 PM (CEST). This year's meeting will take place at the IDA Conference in Copenhagen, with the option for shareholders to join virtually via a live webcast. This arrangement allows everyone to stay informed even when unable to attend in person.
Agenda Highlights for the Meeting
The agenda includes several vital topics for discussion. Firstly, the Board of Directors will present a report on the company's performance during the past financial year, offering insights into achievements and challenges faced. Following that, the audited annual report will be up for adoption, solidifying the financial standing of Scandinavian Tobacco Group for the last year.
Profit Appropriation Proposal
A key proposal to consider during the meeting is the appropriation of profits. The Board has recommended a dividend payment of DKK 8.50 per share, reflecting confidence in sustained growth and value for shareholders.
Review of Remuneration Policies
An advisory vote will be conducted regarding the company's remuneration report. This report outlines compensation structures for the Board of Directors and board committees, reflecting ongoing commitments to transparency and accountability in corporate governance.
Important Shareholder Information
Shareholders are reminded that participation in the meeting requires registration by 2 April 2025. Admission cards can be requested via the Investor Portal of Scandinavian Tobacco Group's website. This digital format supports efficient access for shareholders whether attending in person or online.
Proxy Voting Options
Shareholders wishing to assign their votes through a proxy can do so by submitting a proxy form in advance. Voting by post is also available, with all votes needing to be submitted by 8 April 2025. This flexibility ensures that all shareholders can participate in the decision-making process regardless of their physical presence at the meeting.
Share Capital and Voting Rights
The company's current share capital is nominally DKK 86,000,000, divided into 86,000,000 shares, ensuring each share carries one vote at the meeting. This structure promotes active engagement from shareholders, allowing them to voice their opinions on crucial company matters directly.
Prospective Shareholder Engagement
Scandinavian Tobacco Group encourages shareholders to take advantage of the question-and-answer session that follows the main agenda items. This is a great opportunity to engage with the Board of Directors and seek clarification on any issues of interest.
Updating Board Governance
The governance declarations include proposals for the re-election of current board members and the candidacy of Ricardo Oberlander, whose extensive experience in the FMCG sector is expected to contribute positively to the board's dynamics. The meeting will also address the deletion of the age limit for board candidates, broadening the pool of potential directors and enhancing the board's diversity.
Final Thoughts
As the date draws nearer, Scandinavian Tobacco Group remains committed to facilitating a productive and informative Annual General Meeting. With promising proposals on the table and a focus on shareholder involvement, this event marks a pivotal moment for the company and its investors.
Frequently Asked Questions
What is the date and time of the Annual General Meeting?
The Annual General Meeting is scheduled for 9 April 2025 at 4:30 PM (CEST).
How can shareholders participate in the meeting?
Shareholders can attend the meeting in person or follow it via a live webcast.
Will there be any proposed changes to the board of directors?
Yes, proposals will include re-elections and the appointment of new candidates to enhance board composition.
How can I vote if I cannot attend the meeting?
You can vote by appointing a proxy, or by submitting a postal vote by 8 April 2025.
What should I do if I have questions regarding the meeting?
You are encouraged to submit questions in writing through the company’s Investor Portal prior to the meeting.
