2018-04-10

Holmen’s AGM, held on Tuesday 10 April, resolved in favour of paying a dividend of SEK 13.00 per share for the 2017 financial year, which is an increase of 1.00 SEK per share compared to the preceding year.

The AGM re-elected Fredrik Lundberg, Carl Bennet, Lars Josefsson, Lars G. Josefsson, Carl Kempe, Louise Lindh, Ulf Lundahl, Henrik Sjölund and Henriette Zeuchner. Fredrik Lundberg was re-elected Chairman of the Board.

KPMG AB was re-elected as company auditors. Joakim Thilstedt, authorised public accountant, has been appointed principal auditor.

The AGM resolved in favour of a share split meaning that each share, regardless of share series, will be split into two (2) shares of the same series. The record date for the share split was, in accordance with the Board’s proposal, determined to 2 May 2018. The share split will result in an increase of shares in the company from 84,756,162 to 169,512,324 of which 45,246,468 shares of series A and 124,265,856 shares of series B.

The AGM resolved in favour of mandating the Board for the period until the next AGM to make decisions to buy back the company’s own shares via the stock market. Acquisitions may be made of up to so many Class B shares that the company’s own shareholding does not exceed 10 per cent of all shares in the company at any time. The Board was also mandated to make decisions to use bought-back shares as settlement for acquisitions or to finance such acquisitions. The 2017 AGM gave the Board a corresponding mandate.

Excerpt from President and CEO Henrik Sjölund's speech to the AGM:

“Holmen’s business concept is to own and add value to the forest. The forest holdings form the basis of our business – an ecocycle in which the raw material grows and is refined into everything from wood for climate-smart building to renewable packaging, magazines and books. With our own forest holdings and renewable energy assets in the form of hydro and wind power, we have a stable basis for our business. And with well-invested production facilities and strong market positions, we aim to continue developing our business with good returns and stable value growth.”

The whole speech to the AGM is available on our website www.holmen.com

For further information, please contact:
Stina Sandell, Director of Sustainability and Communications, Holmen, tel. +46 739 86 51 12 



Holmen AB, P.O. Box 5407, SE-114 84 Stockholm, Sweden. 

Tel: +46 8 666 21 00  E-mail: info@holmen.com

  

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