#Sweden #Stockholm #Essity #Annual General Meeting

Essity's 2025 Annual General Meeting: Key Takeaways

On March 27, 2025, Essity convened its Annual General Meeting (AGM) at the Stockholm Waterfront Congress Centre, where significant resolutions were passed regarding the company's future direction and financial management.

Financial Reports Approved

During the meeting, shareholders ratified both the parent company's income statement and balance sheet for the fiscal year 2024, as well as the consolidated statements. The approval of these documents underlines the robustness of Essity’s financial health amid evolving market conditions.

Dividend Declaration

The board announced a dividend of SEK 8.25 per share for the 2024 financial year. The record date for the dividend is set for March 31, 2025, with distribution expected to occur on April 3, 2025. This decision reflects Essity's commitment to returning value to its shareholders while sustaining growth initiatives.

Remuneration Resolutions

Additionally, the AGM resolved on the remuneration packages for directors, noting that those elected but not employed by the company would receive SEK 960,000. The Chairman of the Board is set to earn SEK 2,880,000, while special allowances were specified for the chairs and members of both the Remuneration and Audit Committees. These determinations ensure that compensation aligns with the level of responsibility held by each board member.

Board Elections and Appointments

Significant transitions occurred within the board composition. Long-standing members including Maria Carell, Annemarie Gardshol, and Magnus Groth were re-elected, while Alexander Lacik and Katarina Martinson joined as new directors. Ewa Björling opted out of re-election, leading to Jan Gurander's appointment as the new Chairman of the Board, steering forward a diverse and experienced team.

Auditor Appointments

The AGM also confirmed Ernst & Young AB as the company’s auditor, with a mandate lasting until the conclusion of the next AGM in 2026. This decision aims to uphold transparency and accountability in financial reporting.

Governance Changes

Moreover, the agenda included amendments to the articles of association, which will reduce share capital through the cancellation of own shares and increase it via a bonus issue. These changes are intended to optimize the company’s capital structure for enhanced shareholder value.

Share Buy-Back Authorization

The shareholders granted the Board the authority to decide on buy-backs of Essity B shares, enabling the company to manage its share capital strategically. This buy-back program reflects an adaptive approach to deploying capital effectively in the interests of its shareholders.

Conclusion

This Annual General Meeting underscored Essity's proactive governance, clarity in financial management, and a transparent approach to shareholder engagement. The minutes of the meeting will be accessible on the company’s website, providing further insights into the discussions held.

For more information, stakeholders can reach out to:

• - Per Lorentz, Vice President Corporate Communications, at +46 73 313 30 55.
• - Sandra Åberg, Vice President Investor Relations, at +46 70 564 96 89.