Annual General Meeting in BillerudKorsnäs AB (publ)

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

May 6, 2014 at 10:45 AM

BillerudKorsnäs AB (publ) have today, 6 May, held its annual general meeting. The following resolutions were made at the meeting. Adoption of the annual report, resolution on dividend The annual general meeting approved the 2013 annual report and resolved to distribute dividend to the shareholders of SEK 2.25 per share. The record date for the dividend was set to 9 May 2014 and the dividend is estimated to be paid out on 14 May 2014. Election of Board members and Chairman of the Board The annual general meeting decided to re-elect Jan Homan, Lennart Holm, Gunilla Jönson and Michael M.F. Kaufmann as Board members and to elect Bengt Hammar, Mikael Hellberg and Kristina Schauman as new Board members. The annual general meeting also decided to elect Lennart Holm as new Chairman of the Board and Michael M.F. Kaufmann as new vice Chairman of the Board. Election of auditor The annual general meeting decided to re-elect the registered accounting firm Ernst & Young AB as the company's auditor for the period until the close of the 2015 annual general meeting. Ernst & Young AB will appoint the authorised public accountant Lars Träff as auditor-in-charge. Nomination Committee for the 2015 annual general meeting The annual general meeting decided that the nomination committee shall comprise four members. During the autumn of 2014, the Chairman of the Board shall contact the major shareholders (judged by size of shareholding) regarding the formation of a Nomination Committee. The names of the members of the Nomination Committee, and the names of the shareholders having appointed the members, shall be announced no later than six months before the 2015 Annual General Meeting. The introduction of a Long-Term Share Based Incentive Program and transfer of shares under the Long Term Incentive Programme The annual general meeting decided to introduce a long-term incentive programme ("LTIP 2014"). LTIP 2014 comprises up to 75 executive officers, other key employees and talents within the BillerudKorsnäs group. To participate in LTIP 2014, the participants are required to own BillerudKorsnäs shares. Allotment of BillerudKorsnäs shares is based on the fulfilment of certain target and performance conditions and, in addition, that the participant is employed in BillerudKorsnäs and has maintained their shares throughout a three year vesting period. The allotment of BillerudKorsnäs shares will be effected through a free -of-charge transfer of shares held in treasury by the company after the vesting period. LTIP 2014 has the same structure as the incentive program that was adopted at the 2013 annual general meeting. In order to facilitate allotment of shares, the meeting decided to approve a transfer, free of charge, of no more than 364,705 BillerudKorsnäs shares held in treasury to the participants in LTIP 2014. Also, it was decided that BillerudKorsnäs may transfer own treasury shares in order to hedge certain costs relating to resolved long term incentive programs and enter into an equity swap agreement with a third party which in its own name may transfer BillerudKorsnäs shares to the participants in LTIP 2014. Other Furthermore the annual general meeting decided on discharge from personal liability for Board Members and the CEO for their administration for the year 2013, on fees for Board Members and remuneration for Committee work and fees for the auditors, and to approve the Board’s proposal for guidelines for remuneration to senior executives. The information is such that BillerudKorsnäs Aktiebolag (publ) is obligated to publish under the Swedish Securities Market Act. Submitted for publication at 16.30 CET, 6 May 2014. For further information, please contact: Lennart Holm, Chairman of the Board of Directors, +46 (0)70 630 85 62 Andreas Mattsson, Corporate Legal Counsel +46 (0)8 553 335 16 or +46 (0)72 585 16 78 BillerudKorsnäs – Packaging manufacturers and brand owners are offered added value in the form of brand-strengthening, productivity-boosting and environment -enhancing packaging solutions. BillerudKorsnäs has a world-leading market position within primary fibre-based packaging paper. The company has annual sales of around SEK 20 billion and is listed on NASDAQ OMX Stockholm. www.billerudkorsnas.com

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Shanghai Hosts 20th Global Entrepreneurship Week

Shanghai: A Hacker's Paradise of Innovation? The heart of financial ambition beats loud and clear in Shanghai this time of year. November 10 to 14, 2026, promises to be a spectacle of entrepreneurial valor as the city hosts the 20th Global Entrepreneurship Week China. This isn't just some run-of-the-mill networking shindig; we're talking about over 50 dazzling events,...

EBONY Celebrates Cultural Icons at 2026 Power 100 Event

Dazzling Night in Los Angeles Honors Black Excellence Step aside Oscars, last night was about powerful celebrations. EBONY threw one hell of a party with its Power 100 event at the Hollywood Palladium. This gathering wasn't just an awards ceremony—it was an explosion of culture, rhythm, and nods to a legacy that’s made waves for over 80 years. Now, what makes this...

Eagle Bank Club Breathing New Life Into Historic Site

Preserving History with Contemporary Flair Sometimes, a building is more than just bricks and mortar, it's the heart of a community's memories. Come spring 2027, Eagle Bank Club is set to throw open its doors, reviving the century-old tradition of gathering in a place that's been etched into the town's identity. Scott Slater and Todd Ketlinski aren't just opening another...

NYSE Salutes Veterans and Shares Market Insights

Honoring Veterans at the NYSE It's not every day you see the hustle and bustle of the NYSE pause for a moment of reflection, but Veterans Day is one of those rare occasions. Before traders dive into the chaos of buying and selling, there's a solemn recognition of those who've soldiered on for our freedoms—a refreshing pause, if you ask me. As Brigadier General Matthew...

Asphalt Additives Market Set for $7.07B Boom by 2031

Asphalt Additives: A Lucrative Growth Path Let me tell you, the asphalt additives market isn't just sticking to the roads; it's rolling out real potential. Heading for a $7.07B finish line by 2031 with a steady pace of 7.3% CAGR, it's a road worth staking your claims on. The underlying story? It's more than just laying tar. Pavement to Profit: Key Drivers The asphalt...

Military Friendly Employers of 2027 Show Strategic Trends

Breaking Down Employer Recognition Well, if you're yearning to see which companies have the savvy to back the troops, the 2027 Military Friendly® Employers list gives us that inside scoop. Rolling out for its 24th annual iteration, 282 employers got the pat on the back this time on www.militaryfriendly.com, and let me say, some familiar names made the grade, but it's the...

Flex LNG's Q3 2026: Steering Through Market Dynamics

Earnings Snapshot: Navigating Through a Challenging Quarter Ah, the quarterly earnings lottery. From the Bermuda docks, Flex LNG has thrown its hat in the ring for Q3 2026, with the game called at $97.4 million in vessel operating revenues. That's a cool $9.4 million shy of last quarter's performance. CEO Marius Foss and his crew are feeling the pressure of narrowing...

Regen™ Yarn Takes Stage in Charity Race Events

Running for Charity, Clothed in Sustainability In the bustling streets of Seoul, they say charity begins at home, but it's picking up pace on the streets too. Just last week, runners in the Save Race 2026 charity event found themselves not just racing for a cause but wearing one too. Hyosung TNC, renowned for pushing eco-friendly textiles, stepped up with their recycled...

PC Richard & Son Offers Big Black Friday Savings

Holiday Prep Kicks Into High Gear As November ticks on, folks are diving headfirst into the frenzy of holiday planning and spending. What better time for a salvo of sales from P.C. Richard & Son? The appliance stalwart is throwing down the gauntlet with hefty discounts and some intriguing offers on TVs, mattresses, and more. With Black Friday looming, the savvy shopper...

Lawyers Juggle AI's Promise and Perils in 2026

AI's Growing Pains in the Legal Arena Looks like the legal eagles are getting a run for their money with AI entering the courtroom. Bloomberg Law's 2026 AI in Practice report dives deep into this legal labyrinth. You got attorneys leaning on AI to keep the gears turning, but they're also clutching their pearls over potential pitfalls. Trust Issues: Humans vs. Machines The...