Important Information About the Annual General Meeting
The shareholders of ASSA ABLOY AB are warmly invited to the upcoming Annual General Meeting scheduled for Wednesday, April 23, 2025, at 3:30 p.m. The event will be held at 7A Posthuset, Vasagatan 28, Stockholm. Registration will begin at 2:30 p.m., providing ample time for attendees to prepare.
Eligibility and Notification for Participation
To participate in the Annual General Meeting, a shareholder must be listed in the share register maintained by Euroclear Sweden AB as of Friday, April 11, 2025. Additionally, shareholders need to notify ASSA ABLOY AB of their intention to attend by Tuesday, April 15, 2025. Notifications can be made via the company’s website, or by calling or writing to ASSA ABLOY AB, specifying the shareholder's details.
Proxy Information
If you plan to attend by proxy, a signed and dated power of attorney must be submitted with your notification. Proxies are encouraged to check the company’s website for the necessary forms. If the proxy is from a legal entity, supporting documents must accompany the request.
Details on Nominee Registered Shares
Shareholders holding nominee registered shares must ensure these shares are temporarily registered in their own names in the share register to participate in the meeting. This request should be made in compliance with each nominee's process well ahead of the participation deadline.
Agenda Highlights for the Meeting
The meeting will commence with the election of a chairman, followed by the establishment of the voting list and the approval of the agenda itself. Significant discussions will include the Annual Report and the Auditor's Report, along with decisions regarding discharging the Board of Directors and CEO from liability.
Expect further resolutions related to: - Voting rights and fee determinations for Board members - The election of the Board of Directors and Auditor, alongside the approval of a remuneration report - The proposal regarding shares repurchase and a long-term incentive program aimed at boosting stakeholder engagement and rewarding employee performance.
Compensation and Incentive Programs
As part of its agenda, the Board plans to discuss a proposed dividend of SEK 5.90 per share, with two payments scheduled. This shows the company’s commitment to sharing profit with its shareholders while continuing its strategic growth agenda.
In addition, ASSA ABLOY AB intends to implement a long-term incentive program for selected executives and key employees. This program aims to align the interests of eligible staff with those of the company's shareholders, ensuring a strong link between performance and reward. Participants will need to invest in shares to qualify for additional performance awards, with the program designed to support retention and promote the company’s growth.
Communication with Shareholders
The Board of Directors is dedicated to maintaining clear communication with shareholders, addressing any relevant queries and discussing pertinent issues that affect the company’s financial status and future prospects. Transparency will be key as ASSA ABLOY navigates the evolving market landscape.
About ASSA ABLOY AB
ASSA ABLOY is recognized globally as a leader in access solutions. With a workforce of 63,000 employees, generating SEK 150 billion in sales, the company excels in various sectors including door openings and digital identity assurance. The company’s commitment to innovation fosters secure and efficient access, reinforcing its market position.
Frequently Asked Questions
What is the date of the Annual General Meeting?
The Annual General Meeting is scheduled for April 23, 2025.
Where will the meeting be held?
The meeting will take place at 7A Posthuset, Vasagatan 28, Stockholm.
How can I notify ASSA ABLOY of my attendance?
You can notify by visiting the company website, calling, or writing to ASSA ABLOY AB before the deadline.
Is there a proxy form available?
Yes, a proxy form can be obtained from the company’s website or by request.
What is the purpose of the long-term incentive program?
The program aims to align employee interests with shareholders and encourage retention and performance through share ownership.
