Essity's Annual General Meeting Highlights
Essity recently hosted its Annual General Meeting at the Stockholm Waterfront Congress Centre.
The AGM accomplished several important decisions, including approving the financial statements for the previous year, which encompasses the parent company's income and balance sheets along with consolidated results.
One significant resolution from the meeting was the declaration of a dividend for the fiscal year, which is set to be SEK 8.25 per share. Shareholders can expect the record date for this dividend to be on a day at the end of March, with distributions anticipated to be processed shortly thereafter.
Additionally, the remuneration for directors not employed by Essity was set, with the Chairman of the Board receiving a stipulated amount along with additional fees for committee members, ensuring that each aspect of governance is well compensated.
The board also discussed a cash-based incentive program, emphasizing the company’s dedication to aligning its compensation structures with performance outcomes. Furthermore, the directors and CEO were granted a discharge of liability for the past fiscal year.
During the meeting, long-serving board members were re-elected while new members joined, demonstrating a blend of continuity and fresh perspectives within the management team. The election of a new Chairman signifies leadership's commitment to steering the organization forward.
Regarding auditors, the firm Ernst & Young AB was appointed for an extended mandate, continuing its longstanding relationship with Essity. This decision underlines the importance of transparency and rigorous financial oversight.
Another pivotal resolution was the amendment to the articles of association, which involved reducing the share capital to cancel out own shares while simultaneously increasing capital through a bonus issue.
Moreover, the board received authorization to repurchase Essity B shares, a strategic move that reflects the company’s proactive stance on share distribution and capital management. These decisions are set for review during the next Annual General Meeting.
Essity is committed to keeping stakeholders informed, and the minutes of this significant meeting will be available on the company's official website shortly, providing insights into all the discussions and decisions made.
CONTACT INFORMATION:
For further inquiries, please reach out to:
Per Lorentz, Vice President of Corporate Communications, +46 73 313 30 55, Contact Email
Sandra Åberg, Vice President of Investor Relations, +46 70 564 96 89, Contact Email
Engagement with shareholders and active participation in decision-making reflects Essity's core values and strategic direction, ensuring the company remains responsive to its investors.
Frequently Asked Questions
What was the location of Essity's 2025 Annual General Meeting?
It was held at the Stockholm Waterfront Congress Centre.
What amount per share was declared as a dividend?
The dividend declared was SEK 8.25 per share.
Who was re-elected as a member of the Board of Directors?
Maria Carell, Annemarie Gardshol, Magnus Groth, Jan Gurander, and others were re-elected.
Which firm was appointed as the company's auditor?
Ernst & Young AB was appointed as the auditor for the company.
What was discussed regarding the share capital at the AGM?
The articles of association were amended to reduce the share capital through cancellation of own shares and increase through a bonus issue.
