2024 Annual General Meeting

The 2024 Annual General Meeting of ASSA ABLOY AB was held on Wednesday 24 April 2024 in Stockholm, Sweden.

Below is the information sent out in the press release after the meeting.

CEO speech

Watch the opening speech by our President and CEO, Nico Delvaux.

Watch speech

Adoption of income statements and balance sheets and discharge from liability

The Annual General Meeting adopted the parent company’s and the Group’s income statements and balance sheets for the financial year 2023. The members of the Board of Directors and the CEO were discharged from liability for the financial year 2023.

Dividend     

The Annual General Meeting approved the dividend of SEK 5.40 per share proposed by the Board of Directors, to be paid out in two equal installments, the first with the record date Friday 26 April 2024 and the second with the record date Monday 11 November 2024. The first installment is estimated to be paid on Thursday 2 May 2024 and the second installment on Thursday 14 November 2024.

Election of the Board of Directors and auditor

The Annual General Meeting re-elected Johan Hjertonsson, Carl Douglas, Erik Ekudden, Sofia Schörling Högberg, Lena Olving, Victoria Van Camp, Joakim Weidemanis and Susanne Pahlén Åklundh as members of the Board of Directors. Johan Hjertonsson was re-elected as Chairman of the Board of Directors and Carl Douglas was re-elected as Vice Chairman.

The Annual General Meeting re-elected the audit firm Ernst & Young AB as auditor for the time period until the end of the Annual General Meeting 2025.

Remuneration to the Board of Directors and the auditor

The remuneration to the Board of Directors will totally amount to SEK 9,945,000 (excluding remuneration for committee work). Auditor fees shall be paid according to contract.

Resolution on approval of remuneration report

The Annual General Meeting resolved, in accordance with the Board of Directors’ previously published proposal, to approve the Board’s remuneration report.

Resolution regarding authorization to repurchase and transfer Series B shares in the company

The Annual General Meeting resolved, in accordance with the Board of Directors’ previously published proposal, to authorize the Board of Directors to, on one or more occasions, repurchase Series B shares in the company for the period up until the Annual General Meeting 2025. The repurchase shall maximum comprise so many Series B shares that the company’s holding does not at any time exceed 10 per cent of the total number of shares in the company.

Resolution regarding long-term incentive program

The Annual General Meeting resolved, in accordance with the Board of Directors’ previously published proposal, to implement a long-term incentive program for senior executives and key employees within the ASSA ABLOY Group (“LTI 2024”).

Minutes from the Meeting including complete resolutions will be available on the company's website assaabloy.com/general-meeting.

For more information, please contact:

Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82
Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72             
Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68

Related links

  • General Meeting

    Shareholders’ rights to decide on the affairs of ASSA ABLOY are exercised at the General Meeting.
    Read more

  • Nomination Committee

    The Nomination Committee has the task of preparing, on behalf of the shareholders, among other things, proposals to the Annual General Meeting regarding the election of the members of the Board of Directors and the election of the auditor as well as their fees.
    Read more