Board and new Chairman
Karl-Henrik Sundström was elected as new Chairman of the Board, to succeed Anders Ullberg who, after 16 ½ years as Chairman, declined re-election. In addition, Tomas Eliasson was elected as new Board Member, while Helene Biström, Per Lindberg, Perttu Louhiluoto, Elisabeth Nilsson, Pia Rudengren and Karl-Henrik Sundström were re-elected as Board Members. The Board of Directors and the President & CEO were granted discharge from liability for the 2021 financial year.
Fees
It was resolved that the remuneration to the Chairman of the Board shall be SEK 1,920,000 and SEK 640,000 to Board Members not employed by the company. The fees for the Members of the Audit Committee remained unchanged SEK 250,000 to the Chairman of the Audit Committee and SEK 150,000 to the other members of the Audit Committee. Lastly, it was resolved to raise the fee for the members of the Remuneration Committee to SEK 75,000.
Remuneration Guidelines for the group management
The Meeting resolved to adopt the remuneration report proposed by the Board of Directors.
Adoption of the Income Statement and Balance Sheet and appropriation of profits
The income statements and balance sheets of the Parent Company and the Group were adopted and the Board of Directors’ proposal regarding the appropriation of profits was approved. The Meeting resolved to approve the payment of a dividend to the shareholders of SEK 10.50 per share and Monday, May 2, 2022 as the record day for dividends. The dividend is scheduled for disbursal to the shareholders through the agency of Euroclear Sweden AB on Thursday, May 5, 2022.
Automatic share redemption procedure
The Meeting resolved on an automatic share redemption procedure, including a 2:1 share split, a reduction of the share capital by redemption of shares, and an increase of the share capital by way of a bonus issue. The procedure entails that a total of SEK 7 111 m will be distributed to the shareholders in the form of dividends, respectively through the share redemption, which corresponds to a total payment of SEK 26 per share.
The record date for share split and receipt of redemption shares will be Thursday, May 12, 2022 and the record date for receiving the redemption amount will be Wednesday, June 8, 2022. Disbursement of the redemption amount is expected to be executed by Euroclear Sweden AB on Monday, June 13, 2022.
Nomination Committee
A revised instruction was adopted for the Nomination Committee and Lennart Francke (Swedbank Robur fonder), Karin Eliasson (Handelsbanken fonder) and Patrik Jönsson (SEB fonder) were appointed as members of the Nomination Committee.
Auditor
The accounting firm of Deloitte AB was re-elected as auditor for the period up to and including the next Annual General Meeting.
Minutes
The minutes with complete resolutions from the Meeting will be available on the company’s website at https://www.boliden.com under ”Operations/Governance/
General Meetings”. A copy of the minutes, except for the voting list, will also be sent to shareholders who request it from the company and who provide their postal address.
Speech by the President and CEO
A speech by the President and CEO Mikael Staffas is available here:
https://boliden.videosync.fi/2022-04-28-agm_2022/
(only in Swedish)