Essity's Annual General Meeting 2025: Key Highlights and Decisions
On March 27, 2025, Essity conducted its Annual General Meeting at the Stockholm Waterfront Congress Centre, gathering important stakeholders to discuss the company’s financial performance and future directions.
Key Financial Approvals
During the meeting, shareholders approved both the Parent Company's income statement and balance sheet, as well as the consolidated income statement and balance sheet for 2024. This affirmation signifies consensus on the company's financial health and performance over the past year.
Dividends Announced
The company decided on a dividend of SEK 8.25 per share for the financial year 2024. Shareholders can expect to receive this dividend with the record date set for March 31, 2025, and the payout scheduled through Euroclear Sweden AB on April 3, 2025.
Director Remuneration
The assembly also addressed the remuneration for the Board of Directors. Each elected director who is not an employee of Essity will receive SEK 960,000, while the Chairman of the Board will get SEK 2,880,000. Additional compensation includes SEK 145,000 for each member of the Remuneration Committee, with the Chairman receiving SEK 170,000, while members of the Audit Committee will see their remuneration set at SEK 350,000, and the Chairman at SEK 490,000.
Re-elections and New Appointments
The meeting resulted in the re-election of several board members: Maria Carell, Annemarie Gardshol, Magnus Groth, Jan Gurander, Torbjörn Lööf, Bert Nordberg, Barbara M. Thoralfsson, and Karl Åberg. Two new directors, Alexander Lacik and Katarina Martinson, were elected, taking the place of Ewa Björling, who declined re-election. Jan Gurander was selected as the new Chairman of the Board.
Changes to Capital Structure
There were also significant changes regarding the company's share capital. The meeting resolved to amend the Articles of Association, including reducing share capital through the cancellation of own shares and increasing capital through a bonus issue. Additionally, the Board of Directors was authorized to decide on the buy-back of Essity B shares and the transfer of shares repurchased by the company.
Commitment to Transparency
Essity continues to emphasize transparency and accountability, with the approval of the Board's remuneration report and the decision to grant discharge from liability to the Board of Directors and the CEO for the fiscal year 2024.
Looking Ahead
Looking forward, these decisions set a clear path for Essity as it navigates its business strategies and capital management. Stakeholders can anticipate that the Minutes from the Annual General Meeting will be accessible on the company’s website within the next two weeks, ensuring ongoing transparency and communication with shareholders.
For additional inquiries about the AGM and the decisions taken, stakeholders are encouraged to contact the Vice Presidents of Corporate Communications and Investor Relations.
For more details, visit Essity’s official website.
Key Financial Approvals
During the meeting, shareholders approved both the Parent Company's income statement and balance sheet, as well as the consolidated income statement and balance sheet for 2024. This affirmation signifies consensus on the company's financial health and performance over the past year.
Dividends Announced
The company decided on a dividend of SEK 8.25 per share for the financial year 2024. Shareholders can expect to receive this dividend with the record date set for March 31, 2025, and the payout scheduled through Euroclear Sweden AB on April 3, 2025.
Director Remuneration
The assembly also addressed the remuneration for the Board of Directors. Each elected director who is not an employee of Essity will receive SEK 960,000, while the Chairman of the Board will get SEK 2,880,000. Additional compensation includes SEK 145,000 for each member of the Remuneration Committee, with the Chairman receiving SEK 170,000, while members of the Audit Committee will see their remuneration set at SEK 350,000, and the Chairman at SEK 490,000.
Re-elections and New Appointments
The meeting resulted in the re-election of several board members: Maria Carell, Annemarie Gardshol, Magnus Groth, Jan Gurander, Torbjörn Lööf, Bert Nordberg, Barbara M. Thoralfsson, and Karl Åberg. Two new directors, Alexander Lacik and Katarina Martinson, were elected, taking the place of Ewa Björling, who declined re-election. Jan Gurander was selected as the new Chairman of the Board.
Changes to Capital Structure
There were also significant changes regarding the company's share capital. The meeting resolved to amend the Articles of Association, including reducing share capital through the cancellation of own shares and increasing capital through a bonus issue. Additionally, the Board of Directors was authorized to decide on the buy-back of Essity B shares and the transfer of shares repurchased by the company.
Commitment to Transparency
Essity continues to emphasize transparency and accountability, with the approval of the Board's remuneration report and the decision to grant discharge from liability to the Board of Directors and the CEO for the fiscal year 2024.
Looking Ahead
Looking forward, these decisions set a clear path for Essity as it navigates its business strategies and capital management. Stakeholders can anticipate that the Minutes from the Annual General Meeting will be accessible on the company’s website within the next two weeks, ensuring ongoing transparency and communication with shareholders.
For additional inquiries about the AGM and the decisions taken, stakeholders are encouraged to contact the Vice Presidents of Corporate Communications and Investor Relations.
For more details, visit Essity’s official website.
Topics General Business）
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