Annual General Meeting in BillerudKorsnäs Aktiebolag (publ)
BillerudKorsnäs Aktiebolag (publ) has today, Wednesday 5 May 2021, held its Annual General Meeting. Due to the coronavirus pandemic, the Annual General Meeting was conducted through postal voting in accordance with temporary legislation. The Annual General Meeting resolved in accordance with all proposals of the Board and the Nomination Committee.
To give shareholders an update on BillerudKorsnäs and its business, an interview with the company's CEO Christoph Michalski was published on the company’s website before the Annual General Meeting. The interview is available on BillerudKorsnäs’ website under Corporate Governance/AGM 2021 and under Investors.
Adoption of the annual report and resolution on dividend
The Annual General Meeting adopted the 2020 annual report and resolved to distribute a dividend to the shareholders of SEK 4.30 per share. The record date for the dividend was set to Friday 7 May 2021, and the dividend is estimated to be paid out on Wednesday 12 May 2021.
Election of Board members, Chairman of the Board, Vice Chairman of the Board and auditor
The Annual General Meeting decided to re-elect all Board members, i.e. Tobias Auchli, Andrea Gisle Joosen, Bengt Hammar, Michael M.F. Kaufmann, Kristina Schauman, Jan Svensson, Victoria Van Camp and Jan Åström. The Annual General Meeting also decided to elect Jan Svensson as new Chairman of the Board and to re-elect Michael M.F. Kaufmann as Vice Chairman of the Board.
The Annual General Meeting decided to re-elect the registered accounting firm KPMG as the company's auditor for the period until the close of the 2022 Annual General Meeting. Ingrid Hornberg Román will remain as auditor-in-charge.
The introduction of a performance-based long-term share programme and transfer of own shares to the participants
The Annual General Meeting decided to implement a performance-based long-term share programme ("Share Programme 2021") comprising a maximum of 60 participants in the Executive Management Team and other key employees within the BillerudKorsnäs Group.
In order to facilitate allotment of shares, the Annual General Meeting further decided on a transfer of no more than 174,972 BillerudKorsnäs shares held in treasury to the participants in the Share Programme 2021. Allotment of shares to the participants shall be made free of charge in accordance with the terms and conditions of the Share Programme 2021.
Furthermore the Annual General Meeting decided on discharge from personal liability for the Board members and the CEO for their administration for the year 2020, fees for the Board members and remuneration for committee work, fees for the auditor and to approve the Board’s proposal for guidelines for remuneration to senior executives.
Minutes from the Annual General Meeting will soon be published on BillerudKorsnäs’ website.
For further information, please contact:
Andreas Mattsson, General Counsel, +46 8 553 335 16