#Sweden #AGM #Stockholm #ASSA ABLOY #Corporate Governance

Summary of ASSA ABLOY AB's Annual General Meeting (AGM)

The Annual General Meeting of ASSA ABLOY AB was conducted on April 28, 2026, in Stockholm, Sweden. This strategic gathering provided insight into the company's financial performance and future directives, reflecting on the proceedings and resolutions that shape the company's path forward.

Financial Overview

At the AGM, the income statements and balance sheets of both ASSA ABLOY AB's parent company and the Group for the fiscal year 2025 were officially adopted. The members of the Board of Directors and the CEO received a discharge from liability for the 2025 financial year—a typical procedural action affirming their management of the company during this period. This clearance acts as a reaffirmation of shareholder confidence in the current administration.

Dividend Announcement

A significant highlight of the meeting was the approval of the proposed dividend of SEK 6.40 per share, introduced by the Board of Directors. This dividend will be distributed in two equal installments: the first payment is anticipated on May 6, 2026, while the second is expected on November 16, 2026. The record dates set for these disbursements are April 30, 2026, and November 11, 2026, reaffirming the company's commitment to providing shareholder returns even amidst ongoing market fluctuations.

Board of Directors Elections

The AGM also saw re-elections and new appointments within the Board of Directors. Johan Hjertonsson was re-elected as Chairman, with Carl Douglas stepping into the role of Vice Chairman once again. Notably, the meeting welcomed Astrid Mozes and Jurgen Timperman as new members, enriching the board's diversity and expertise. This reshuffle of leadership reflects ASSA ABLOY's dynamic approach towards evolving their governance mechanism to adapt to market demands.

Auditor Re-elections

In terms of oversight, the audit firm Ernst & Young AB was re-elected as auditors, tasked with providing independent scrutiny until the conclusion of the next AGM in 2027. This continuity indicates shareholders' trust in the auditing firm's capabilities, which is crucial for maintaining fiscal integrity within the organization.

Remuneration and Guidelines for Executives

The total remuneration approved for the Board of Directors was set at SEK 13,515,000, excluding any fees for committee work, underlining the importance placed on attracting quality leadership. Furthermore, the AGM passed a resolution regarding remuneration guidelines for senior executives, aligning with market best practices and promoting retention amongst key talent.

Share Repurchase Authorization

Another key resolution from the AGM was an authorization for the Board to repurchase Series B shares. This initiative would empower the company to manage its shares actively, with a limitation ensuring that repurchased shares do not exceed 10% of the total shares outstanding.

Long-term Incentive Program

To retain and motivate key contributors, the AGM approved a long-term incentive program targeting senior executives and crucial employees within the ASSA ABLOY Group. This strategic move to implement an LTI program, labeled “LTI 2026,” reflects the company’s ongoing commitment to aligning employee performance with shareholder interests, promoting growth and accountability.

Conclusion

In conclusion, ASSA ABLOY AB's Annual General Meeting was not only a reflection of past performance but also a detailed overview of strategic intentions heading forward. With the distinct resolutions made, ASSA ABLOY is poised to navigate the complexities of the global access solutions market while ensuring stakeholder interests are adequately met. Shareholders and industry watchers alike will be keen on monitoring the implementation of these resolutions as the company continues its trajectory towards growth and innovation.

For Further Information:

Attendees looking for more details on this meeting may access the full minutes and complete resolutions via the company’s official website at assaabloy.com/general-meeting.

For immediate inquiries, please reach out to:

• - Nico Delvaux, President and CEO, Tel: +46 8 506 485 82
• - Erik Pieder, CFO, Tel: +46 8 506 485 72
• - Björn Tibell, Head of Investor Relations, Tel: +46 70 275 67 68

About ASSA ABLOY

ASSA ABLOY stands at the forefront of the global access solutions industry, dedicated to enhancing safety and security. With a robust workforce of 64,000 employees generating SEK 152 billion in sales, the company continues to innovate in areas such as secure door openings, trusted identities, and entrance automation.