General Meeting 2019
Boliden’s 2019 Annual General Meeting was held on 3 May in Boliden and was combined with the opportunity for a guided bus tour to the Hötjärn tailings pond. An exhibition on the theme sustainability was held in a facility next to the AGM venue.
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, firstly, to approve the payment of a dividend to the shareholders of SEK 8.75 per share, and secondly, that Tuesday, 7 May 2019 will be the record day for dividends. The dividend is scheduled for disbursal to the shareholders through the agency of Euroclear Sweden AB on Friday, 10 May 2019.
Automatic share redemption procedure
The Meeting approved an automatic share redemption procedure entailing a division of the shares (2:1 share split), a reduction in the share capital by means of the redemption of shares, and an increase in the share capital by means of a bonus issue. The procedure will entail the disbursement of a combined sum of SEK 1,162 million to the shareholders, corresponding to SEK 4.25 per share. The record date for the share split and receipt of redemption shares will be Friday, 24 May 2019, and the record date for receipt of redemption proceeds will be Wednesday, 19 June 2019, with the date of disbursement of the redemption proceeds by Euroclear Sweden AB scheduled for Tuesday, 25 June 2019.
The Board of Directors
The Board of Directors and the President & CEO were granted discharge from liability for the 2018 financial year. The Meeting further resolved to elect Perttu Louhiluoto as a new Member of the Board and that the following Members of the Board shall be re-elected: Marie Berglund, Tom Erixon, Michael G:son Löw, Elisabeth Nilsson, Pia Rudengren, and Anders Ullberg, with Anders Ullberg as the Chairman of the Board.
The Meeting resolved to pay SEK 1,750,000 in Director’s fees to the Chairman of the Board and SEK 580,000 to Board Members not employed by the company. The Meeting further resolved, firstly, that fees of SEK 225,000 shall be paid to the Chairman of the Audit Committee, and of SEK 125,000 to members of the Audit Committee, and secondly, that fees of SEK 50,000 shall be paid to members of the Remuneration Committee.
Jan Andersson (Swedbank Robur fonder), Lars-Erik Forsgårdh, Ola Peter Gjessing (Norges Bank Investment Management), Tommi Saukkoriipi (SEB Investment Management) and Anders Ullberg (Chairman of the Board) were appointed as members of the Nomination Committee.
The accounting firm of Deloitte AB were re-elected as auditors for the period up to and including the next Annual General Meeting.