Ownership structure and AGM

Ownership structure

As of 31 December 2018 Sandvik’s share capital amounted to 1,505,263,107.60 SEK represented by 1,254,385,923 shares. According to the share register, Sandvik had about 101,000 shareholders as of 31 December 2018. AB Industrivärden was the largest owner with about 12.1 percent of the share capital. Of the total share capital at year-end, about 35 percent was owned by investors outside Sweden.

Shareholders’ meeting

The General Meeting of Shareholders is the highest decision-making body. At the Annual General Meeting, the shareholders are given the possibility to exercise their voting rights in relation to, for example, the Annual Report, dividends, election of the Board and appointment of auditor, and other matters stipulated in the Companies Act, the Articles of Association and, where applicable, the Code.

All shareholders who have been entered in the share register and have informed the company of their attendance within the time limit stated in the notice of the General Meeting are entitled to participate at Sandvik’s General Meetings and vote according to the number of shares held. Shareholders are also entitled to be represented by a proxy at the General Meeting.

All shares in Sandvik carry equal voting rights with one vote per share.

2018 Annual General Meeting

Shareholders representing 55.22 percent of the share capital and votes attended the Annual General Meeting held on 27 April 2018 in Sandviken, Sweden. Sven Unger, attorney-at-law, was elected to chair the meeting. Resolutions passed at the General Meeting included the following:

• Dividend of 3.50 SEK per share
• Re-election of Board members Jennifer Allerton, Claes Boustedt, Marika Fredriksson, Johan Karlström, Johan Molin, Björn Rosengren, Helena Stjernholm and Lars Westerberg. Re-election of Johan Molin as Chairman of the Board.
• Election of PricewaterhouseCoopers AB as new auditor
• Guidelines for remuneration of senior executives
• A long-term incentive program in the form of a performance share program for about 350 senior executives and key employees in the Group

For additional information about the Annual General Meeting, including the minutes, refer to home.sandvik.

2019 Annual General Meeting

The next Annual General Meeting will be held on 29 April 2019 in Sandviken, Sweden. More information is available at home.sandvik.