Communiqué from Boliden's Annual General Meeting

Rhea-AI Summary

Boliden held its Annual General Meeting on April 23, 2025, both live in Aitik and through postal voting. The meeting saw the re-election of eight Board Members and the new election of Victoire de Margerie, with Karl-Henrik Sundström continuing as Chairman. Key financial decisions include setting the Chairman's remuneration at SEK 2,100,000 and SEK 700,000 for non-employee Board Members.

Shareholders approved the Board's proposal for no dividend distribution, with funds being carried forward as retained earnings. The meeting also approved amendments to the Articles of Association and established a new long-term share savings programme (LTIP 2025/2028) for key executives. PwC was elected as the new auditor, and a new Nomination Committee will be appointed by the three largest shareholders as of August 31.

Positive

• Implementation of new long-term share savings program LTIP 2025/2028 for key executives
• Board continuity maintained with re-election of experienced members

Negative

• No dividend payment to shareholders for the period

STOCKHOLM, April 23, 2025 /PRNewswire/ -- 

Boliden's Annual General Meeting was held on April 23, 2025 live in Aitik and through postal voting.

Board of Directors

The Meeting resolved on the re-election of all Board Members - Helene Biström, Tomas Eliasson, Per Lindberg, Perttu Louhiluoto, Elisabeth Nilsson, Pia Rudengren, Karl-Henrik Sundström and Derek White, and the new election of Victoire de Margerie. Karl-Henrik Sundström was re-elected as Chairman of the Board. The Board of Directors and the President & CEO were granted discharge from liability for the 2024 financial year.

Fees

The Meeting resolved that the remuneration to the Chairman of the Board shall be SEK 2,100,000 and SEK 700,000 to Board Members not employed by the company, that the fee for the Chairman of the Audit Committee shall be SEK 350,000 and SEK 175,000 for the other members of the Audit Committee, and that the fee shall be SEK 80,000 for the members of the Remuneration Committee.

Remuneration etc. for the Group Management

The Meeting resolved to adopt the remuneration report issued 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, meaning that no dividend is paid to the shareholders, and that funds at the disposal of the Meeting are carried forward as retained earnings.

Articles of Association
The Meeting resolved that, in accordance with the Board's proposal, the Articles of Association be amended to enable the General Meeting to be held also in the municipalities of Askersund and Örebro, as well as to include the sustainability assurance report regarding the consolidated sustainability report when presenting the annual report and auditor's report, the consolidated financial statements and auditor's report for the Group.

Instruction for the Nomination Committee

The meeting resolved on the Nomination Committee's proposal for instruction for the Nomination Committee, meaning that a new Nomination Committee will be appointed by the three largest shareholders in the company in terms of votes as of August 31.

Auditor

The auditing firm Öhrlings PricewaterhouseCoopers (PwC) was elected as the new auditor for the period up to and including the next Annual General Meeting.

Long-Term Share Savings Programme 2025/2028

The Meeting resolved on a long-term share savings programme 2025/2028 ("LTIP 2025/2028") aimed at the CEO, members of the Group Management, General Managers and certain other key employees in the Boliden Group. The Board of Directors was authorized to resolve on acquisitions of treasury shares on Nasdaq Stockholm and that treasury shares may be transferred to the participants in the LTIP 2025/2028.

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/Annual 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 on Boliden's website at https://www.boliden.com.

For further information, please contact:

Klas Nilsson
Director Group Communications
+46 70 453 65 88
Klas.Nilsson@boliden.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/boliden/r/communique-from-boliden-s-annual-general-meeting,c4138308

The following files are available for download:

https://mb.cision.com/Main/997/4138308/3403138.pdf

Communiqué

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SOURCE Boliden

FAQ

Why did Boliden (BDNNY) decide not to pay dividends in 2025?

Boliden's shareholders approved the Board's proposal for no dividend distribution, with funds being carried forward as retained earnings. No specific reason was provided in the press release.

What changes were made to Boliden's Board of Directors in 2025?

The meeting re-elected eight existing Board Members and added Victoire de Margerie as a new member. Karl-Henrik Sundström was re-elected as Chairman.

What is Boliden's new LTIP 2025/2028 program?

LTIP 2025/2028 is a long-term share savings program aimed at the CEO, Group Management, General Managers, and key employees. The Board can acquire treasury shares on Nasdaq Stockholm for this program.

How much will Boliden's Board Chairman and members be paid in 2025?

The Chairman will receive SEK 2,100,000, while non-employee Board Members will receive SEK 700,000. Additional fees include SEK 350,000 for Audit Committee Chair and SEK 175,000 for committee members.