Boliden's Annual General Meeting was held on April 27, 2021. In view of COVID-19 and the Swedish authorities' regulations and recommendations, the meeting was conducted solely by means of advance voting (so-called postal voting) pursuant to temporary legal rules.
Speeches by the Chairman of the Board as well as Chairman of the Remuneration Committee Anders Ullberg, Chairman of the Audit Committee Pia Rudengren, President and CEO Mikael Staffas and auditor Jan Berntsson are available on Boliden's website at https://www.boliden.com.
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. The Meeting resolved to approve the payment of a dividend to the shareholders of SEK 8.25 per share and that Thursday, April 29, 2021 will be the record day for dividends. The dividend is scheduled for disbursal to the shareholders through the agency of Euroclear Sweden AB on Tuesday, May 4, 2021.
Automatic share redemption procedure
The Meeting resolved on an automatic share redemption procedure, including a 2:1 share split, a reduction of the share capital by redemption of shares, and an increase of the share capital by way of a bonus issue. The procedure means that a total of SEK 1,641 m will be distributed to the shareholders, which corresponds to SEK 6 per share. The record date for share splits and receipt of redemption shares will be Friday, May 7, 2021, and the record date for receiving the redemption amount will be Wednesday, June 2, 2021, whereby payment of the redemption amount is expected to be executed by Euroclear Sweden on Monday, June 7, 2021.
Articles of Association
The Meeting resolved, in accordance with the Board's proposal, to amend the Articles of Association, so that shareholders shall be able to exercise their voting rights by post before General Meetings in accordance with the procedure set out in Chapter 7, Section 4a of the Swedish Companies Act, and that General Meetings may also be held in Landskrona Municipality.
The Board of Directors
The Board of Directors and the President & CEO were granted discharge from liability for the 2020 financial year. The Meeting further resolved to elect Per Lindberg and Karl-Henrik Sundström as new Members of the Board, and that the following Members of the Board shall be re-elected: Helene Biström, Michael G:son Löw, Perttu Louhiluoto, Elisabeth Nilsson, Pia Rudengren and Anders Ullberg, with Anders Ullberg as Chairman of the Board.
The Meeting resolved to pay SEK 1,830,000 in Directors' fees to the Chairman of the Board and SEK 610,000 to Board Members not employed by the company. The Meeting further resolved that a fee of SEK 915,000 shall be paid to any Deputy Chairman of the Board; that a fee of SEK 250,000 shall be paid to the Chairman of the Audit Committee and SEK 150,000 to the members of the Audit Committee; and that a fee of SEK 50,000 shall be paid to members of the Remuneration Committee.
Guidelines for remuneration, etc. to group management
The Meeting resolved to adopt the remuneration report proposed by the Board of Directors.
Jan Andersson (Swedbank Robur fonder), Lars-Erik Forsgårdh, Ola Peter Gjessing (Norges Bank Investment Management), Lilian Fossum Biner (Handelsbanken fonder) and Anders Ullberg (Chairman of the Board) were appointed as members of the Nomination Committee.
The accounting firm of Deloitte AB was re-elected as auditor for the period up to and including the next Annual General Meeting.
The minutes with complete resolutions from the Meeting will be available on the company's website at https://www.boliden.com under "Operations/
Governance/General Meetings", by the evening of April 27, 2021. 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.
For further information, please contact:
Klas Nilsson, Director Group Communications, phone: +46 (0)70-453 65 88