#Sweden #Stockholm #ASSA ABLOY #Annual Meeting #Board Elections

Resolutions at ASSA ABLOY AB's Annual General Meeting 2025

On April 23, 2025, ASSA ABLOY AB conducted its Annual General Meeting (AGM) in the heart of Stockholm, Sweden, bringing together shareholders and executives to discuss key resolutions for the company.

Adoption of Income Statements and Balance Sheets

One of the primary resolutions taken during the meeting was the approval of the income statements and balance sheets for the fiscal year 2024. This adoption ensures transparency and accountability in the financial dealings of the company. Moreover, the members of the Board of Directors and the CEO were cleared of any liability arising from the year's financial activities, a move typically aimed at reinforcing trust among investors and stakeholders.

Dividend Approval

The AGM also addressed dividends, resulting in the approval of a SEK 5.90 per share payout. Shareholders will receive this in two installments, with the first to be recorded by April 25, 2025, and paid by April 30, 2025, while the second will be recorded on November 11, 2025, and distributed on November 14, 2025. This decision signifies the company's commitment to returning value to its shareholders while maintaining financial health.

Board of Directors Election

A significant element of the AGM was the re-elections of board members. Johan Hjertonsson continues as the Chairman, alongside Carl Douglas as Vice Chairman. Other board members re-elected included Erik Ekudden, Sofia Schörling Högberg, Lena Olving, Victoria Van Camp, and Susanne Pahlén Åklundh. This continuity in leadership is indicative of the board's stability and strategic direction for the company.

Auditor Re-Election

The prestigious audit firm, Ernst & Young AB, was re-elected as the company’s auditors, a decision that will last until the conclusion of the 2026 AGM. This move ensures that shareholders can have confidence in the integrity of the company’s financial reporting for the next few years.

Remuneration to the Board

The AGM further resolved that the total remuneration for the Board of Directors will amount to SEK 10,106,000, exclusive of compensation for committee work. Such transparency regarding compensation is vital as it responds to shareholders' calls for accountability in executive remuneration.

Authorization for Share Buybacks

Among the noteworthy resolutions was the authorization granted to the Board of Directors to repurchase Series B shares until the 2026 AGM. The company aims to maintain a maximum of 10% of its shares, supporting the overall share price and benefiting shareholders by potentially increasing value.

Long-term Incentive Programs

The meeting also introduced a long-term incentive program for senior executives and key employees, known as LTI 2025. This initiative aims to align the interests of key personnel with the long-term success of the company, fostering an atmosphere of commitment and performance.

Conclusion

The detailed minutes from this significant meeting will be accessible on ASSA ABLOY's official website, ensuring transparency and ongoing engagement with stakeholders. The resolutions passed signal the company’s proactive strategy towards enhancing shareholder value, ensuring robust corporate governance, and positioning for future growth.

For more detailed information or inquiries, interested parties can reach out to:

• - Nico Delvaux, President and CEO - tel. no +46 8 506 485 82
• - Erik Pieder, CFO and Executive Vice President - tel. no +46 8 506 485 72
• - Björn Tibell, Head of Investor Relations - tel. no +46 70 275 67 68.

ASSA ABLOY is recognized globally as the leader in access solutions, striving to create a more open world while ensuring safety and security for individuals worldwide.