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2014-05-06

BillerudKorsnäs: Annual General Meeting in BillerudKorsnäs AB (publ)

BillerudKorsnäs AB (publ) have today, 6 May, held its annual general
meeting. The following resolutions were made at the meeting.

Adoption of the annual report, resolution on dividend

The annual general meeting approved the 2013 annual report and
resolved to distribute dividend to the shareholders of SEK 2.25 per
share. The record date for the dividend was set to 9 May 2014 and the
dividend is estimated to be paid out on 14 May 2014.

Election of Board members and Chairman of the Board

The annual general meeting decided to re-elect Jan Homan, Lennart
Holm, Gunilla Jönson and Michael M.F. Kaufmann as Board members and
to elect Bengt Hammar, Mikael Hellberg and Kristina Schauman as new
Board members. The annual general meeting also decided to elect
Lennart Holm as new Chairman of the Board and Michael M.F. Kaufmann
as new vice Chairman of the Board.

Election of auditor

The annual general meeting decided to re-elect the registered
accounting firm Ernst & Young AB as the company's auditor for the
period until the close of the 2015 annual general meeting. Ernst &
Young AB will appoint the authorised public accountant Lars Träff as
auditor-in-charge.

Nomination Committee for the 2015 annual general meeting

The annual general meeting decided that the nomination committee shall
comprise four members. During the autumn of 2014, the Chairman of the
Board shall contact the major shareholders (judged by size of
shareholding) regarding the formation of a Nomination Committee. The
names of the members of the Nomination Committee, and the names of
the shareholders having appointed the members, shall be announced no
later than six months before the 2015 Annual General Meeting.

The introduction of a Long-Term Share Based Incentive Program and
transfer of shares under the Long Term Incentive Programme

The annual general meeting decided to introduce a long-term incentive
programme ("LTIP 2014"). LTIP 2014 comprises up to 75 executive
officers, other key employees and talents within the BillerudKorsnäs
group. To participate in LTIP 2014, the participants are required to
own BillerudKorsnäs shares. Allotment of BillerudKorsnäs shares is
based on the fulfilment of certain target and performance conditions
and, in addition, that the participant is employed in BillerudKorsnäs
and has maintained their shares throughout a three year vesting
period. The allotment of BillerudKorsnäs shares will be effected
through a free-of-charge transfer of shares held in treasury by the
company after the vesting period. LTIP 2014 has the same structure as
the incentive program that was adopted at the 2013 annual general
meeting.

In order to facilitate allotment of shares, the meeting decided to
approve a transfer, free of charge, of no more than 364,705
BillerudKorsnäs shares held in treasury to the participants in LTIP
2014. Also, it was decided that BillerudKorsnäs may transfer own
treasury shares in order to hedge certain costs relating to resolved
long term incentive programs and enter into an equity swap agreement
with a third party which in its own name may transfer BillerudKorsnäs
shares to the participants in LTIP 2014.

Other

Furthermore the annual general meeting decided on discharge from
personal liability for Board Members and the CEO for their
administration for the year 2013, on fees for Board Members and
remuneration for Committee work and fees for the auditors, and to
approve the Board's proposal for guidelines for remuneration to
senior executives.

The information is such that BillerudKorsnäs Aktiebolag (publ) is
obligated to

publish under the Swedish Securities Market Act. Submitted for
publication at

16.30 CET, 6 May 2014.
For further information, please contact:

Lennart Holm, Chairman of the Board of Directors, +46 (0)70 630 85 62
Andreas Mattsson, Corporate Legal Counsel +46 (0)8 553 335 16 or +46
(0)72 585 16 78

BillerudKorsnäs - Packaging manufacturers and brand owners are offered
added value in the form of brand-strengthening, productivity-boosting
and environment-enhancing packaging solutions. BillerudKorsnäs has a
world-leading market position within primary fibre-based packaging
paper. The company has annual sales of around SEK 20 billion and is
listed on NASDAQ OMX Stockholm. www.billerudkorsnas.com

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http://news.cision.com/billerudkorsnas/r/annual-general-meeting-in-bille...
http://mb.cision.com/Main/66/9580208/241267.pdf

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