Essity's 2025 Annual General Meeting

Rhea-AI Summary

Essity (ETTYF) held its 2025 Annual General Meeting at Stockholm Waterfront Congress Centre. The company approved a dividend of SEK 8.25 per share for FY2024, payable on April 3, 2025. The meeting approved new board remuneration rates, with directors receiving SEK 960,000 and the Chairman SEK 2,880,000, plus additional compensation for committee roles.

Shareholders approved a cash-based incentive program and the Board's remuneration report. The meeting elected two new directors, Alexander Lacik and Katarina Martinson, while re-electing eight existing members. Jan Gurander was elected Chairman. Ernst & Young AB was appointed as auditor until 2026. The meeting also authorized share buybacks of Essity B shares and approved amendments to the articles of association.

Positive

• Dividend payment of SEK 8.25 per share approved
• Authorization granted for share buyback program
• Successful board renewal with two new directors appointed

Negative

• None.

Essity today held the Annual General Meeting at Stockholm Waterfront Congress Centre, Sweden.

STOCKHOLM, March 27, 2025 /PRNewswire/ -- The Meeting approved the Parent Company income statement and balance sheet and the consolidated income statement and consolidated balance sheet for 2024.

The meeting resolved on a dividend for the financial year 2024 of SEK 8.25 per share. Record date for the dividend is set to Monday, March 31, 2025. The dividend is expected to be distributed by Euroclear Sweden AB on Thursday, April 3, 2025.

The Meeting resolved that the remuneration to each director elected by the Annual General Meeting who is not employed by the company shall amount to SEK 960,000 and the Chairman of the Board of Directors is to receive SEK 2,880,000. Each member of the Remuneration Committee is to receive an additional remuneration of SEK 145,000, while the Chairman of the Remuneration Committee is to receive an additional remuneration of SEK 170,000. Each member of the Audit Committee is to receive an additional remuneration of SEK 350,000, while the Chairman of the Audit Committee is to receive an additional remuneration of SEK 490,000. Remuneration to the auditor is to be paid according to approved invoice.

The Annual General Meeting resolved in accordance with the Board of Director's proposal on a cash-based incentive program. The meeting also approved the Board of Director's remuneration report. The Board of Directors and the CEO were granted discharge from liability for the 2024 fiscal year.

Board members Maria Carell, Annemarie Gardshol, Magnus Groth, Jan Gurander, Torbjörn Lööf, Bert Nordberg, Barbara M. Thoralfsson and Karl Åberg were re-elected. Alexander Lacik and Katarina Martinson were elected as a new directors. Ewa Björling had declined re-election. Jan Gurander was elected Chairman of the Board. Ernst & Young AB was appointed the company's auditor for a mandate period until the end of the 2026 Annual General Meeting.

The meeting resolved to amend the articles of association, to reduce the share capital through cancellation of own shares and to increase the share capital through a bonus issue. 

The Annual General Meeting authorized the Board of Directors to decide on buy-back of Essity B shares and to transfer shares bought back by the company. These authorizations are valid until the next Annual General Meeting. 

Minutes from the Annual General Meeting will be available on the company website, www.essity.com, within two weeks.

CONTACT:

For further information, please contact:
Per Lorentz, Vice President Corporate Communications, +46 73 313 30 55, per.lorentz@essity.com
Sandra Åberg, Vice President Investor Relations, +46 70 564 96 89, sandra.aberg@essity.com

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

https://news.cision.com/essity/r/essity-s-2025-annual-general-meeting,c4122527

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Essity’s 2025 Annual General Meeting

View original content:https://www.prnewswire.com/news-releases/essitys-2025-annual-general-meeting-302413396.html

SOURCE Essity

FAQ

What dividend did Essity (ETTYF) approve for 2024 and when is the payment date?

Essity approved a dividend of SEK 8.25 per share for 2024, with payment expected on April 3, 2025, following a record date of March 31, 2025.

What changes were made to Essity's (ETTYF) board composition in the 2025 AGM?

Alexander Lacik and Katarina Martinson were elected as new directors, while Ewa Björling stepped down. Jan Gurander was elected as Chairman, with eight existing members being re-elected.

What is the new board remuneration structure for Essity (ETTYF) directors?

Directors will receive SEK 960,000, Chairman SEK 2,880,000, with additional compensation for committee roles: Remuneration Committee (members SEK 145,000, Chair SEK 170,000) and Audit Committee (members SEK 350,000, Chair SEK 490,000).

What key authorizations were granted at Essity's (ETTYF) 2025 AGM?

The Board was authorized to conduct share buybacks of Essity B shares and transfer bought-back shares, valid until the next AGM. The meeting also approved amendments to articles of association.