Swedish Match Annual General Meeting 2016

Major items approved by today’s Annual General Meeting include:

  · An ordinary dividend of  8.00 SEK per share and a special dividend of 12.00
SEK per share, in total 20.00 SEK per share
  · Mandate to repurchase up to 10 percent of all shares in the Company
  · Withdrawal of 7,750,000 repurchased company shares with a simultaneous bonus
issue without issuing any new shares
  · Re-election of KPMG AB as auditor

At the Annual General Meeting of Swedish Match AB (publ) on April 28, it was
resolved, in accordance with the proposal of the Board of Directors, to pay an
ordinary dividend of 8.00 SEK per share and a special dividend of 12.00 SEK per
share, in total 20.00 SEK per share. The record day for the right to receive a
cash dividend is May 2, 2016 and payment through Euroclear Sweden AB is expected
to be made on May 6, 2016.
Charles A. Blixt, Andrew Cripps, Jacqueline Hoogerbrugge, Conny Karlsson, Wenche
Rolfsen, Meg Tivéus and Joakim Westh were re-elected as members of Swedish
Match’s Board of Directors. Conny Karlsson was re-elected as Chairman of the
Board and Andrew Cripps was re-elected Deputy Chairman of the Board. The Annual
General Meeting further approved the proposed remuneration to the members of the
Board of Directors as set out in the notice and the principles for remuneration
and other terms for members of the executive management.
Furthermore, the Annual General Meeting approved the Board of Directors’
proposal that it be authorized to resolve on acquisition of the Company’s own
shares, on one or several occasions prior to the next Annual General Meeting,
provided the Company’s holding does not at any time exceed 10 percent of all
shares in the Company. The shares shall be acquired on Nasdaq Stockholm at a
price within the price interval registered at any given time, i.e. the interval
between the highest bid price and the lowest selling price. Swedish Match owns
8,295,632 treasury shares as per April 28, 2016.
In addition, the Annual General Meeting resolved to reduce the Company’s share
capital by 15,362,568 SEK by means of withdrawal of 7,750,000 previously
repurchased shares held in treasury, with a simultaneous bonus issue, without
issuing any new shares, of a corresponding amount to restore the share capital.
The shareholders further approved the proposal that the reduction will be
allocated to a fund for use pursuant to a resolution adopted by the Annual
General Meeting.
The Annual General Meeting re-elected KPMG AB as auditor until the end of the
Annual General Meeting 2017.
The Annual General Meeting approved all other proposals made by the Board of
Directors and the Nominating Committee. The proposals are outlined in the
published notice of the Annual General Meeting.
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Contacts:
Lars Dahlgren, President and Chief Executive Officer
Office +46 8 658 0441
Marlene Forsell, Senior Vice President and Chief Financial Officer
Office +46 8 658 0489
Emmett Harrison, Senior Vice President Investor Relations and Corporate
Sustainability
Office +46 8 658 0173
Richard Flaherty, President US Division, US Investor Relations contact
Office +1 804 787 5130
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Swedish Match develops, manufactures, and sells quality products with market
-leading brands in the product areas Snus and moist snuff, Other tobacco
products (cigars and chewing tobacco), and Lights (matches, lighters, and
complementary products). Production is located in six countries, with sales
concentrated in Scandinavia and the US. The Group’s global operations generated
sales of 14,486 MSEK for the twelve month period ending 31 December 2015. The
Swedish Match share is listed on Nasdaq Stockholm (SWMA).
Swedish Match’s vision is a world without cigarettes. Some of its well-known
brands include: General, Longhorn, White Owl, Red Man, Fiat Lux, and Cricket.
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Swedish Match AB (publ), SE-118 85 Stockholm, Sweden
Visiting address: Sveavägen 44, 8th Floor. Telephone: +46 8 658 0200
Corporate Identity Number: 556015-0756
www.swedishmatch.com