Information to shareholders
INITIATED WORK IN ORDER TO BE ABLE TO PROPOSE TO THE 2017 ANNUAL GENERAL MEETING TO DECIDE ON A SPLIT OF THE SCA GROUP INTO TWO LISTED COMPANIES: HYGIENE AND FOREST PRODUCTS
On August 24, 2016, SCA announced that the company would initiate work in order to be able to propose to the 2017 Annual General Meeting to decide on a split of the SCA Group into two listed companies; one for the hygiene business and one for the forest products business. A split of the Group and a distribution and listing of the shares in the subsidiary which today operates the hygiene business, is expected to increase focus, customer value, development opportunities and enables each company to successfully realize its strategies under the leadership of separate and dedicated management teams, two different boards of directors and independent access to capital. This is considered to increase value for SCA’s shareholders in the long term. In addition, the synergies between the operations have diminished over time and are currently limited. An evaluation of various methods and structural alternatives to carry out a complete split of the business into two separate companies has been carried out. Therefore, the Board of Directors has proposed to the 2017 AGM a distribution of all shares in and listing of the company’s hygiene business. Distribution to shareholders is proposed in proportion to their holdings of Class A and Class B shares. If shareholders approve the proposal, the new hygiene company is planned to be distributed and listed on Nasdaq Stockholm no later than in the second half of 2017.
ANNUAL GENERAL MEETING
The Annual General Meeting of Svenska Cellulosa Aktiebolaget SCA will be held on Wednesday, April 5, 2017 at 3:00 p.m. in Stockholm Waterfront Congress Centre, Nils Ericsons Plan 4, Stockholm. Registration for the Annual General Meeting will start at 1:30 p.m.
Notification of attendance
Shareholders who wish to attend the Annual General Meeting must be listed in the shareholders’ register maintained by Euroclear Sweden AB on Thursday, March 30, 2017, and give notice of their intention to attend the meeting no later than Thursday, March 30, 2017.
Notification may be given in any of the following manners:
- by telephone at +46 8 402 90 59, weekdays between 8:00 a.m. and 5.00 p.m.
- on the internet at www.sca.com
- by mail to Svenska Cellulosa Aktiebolaget SCA, Group Function Legal Affairs, P.O. Box 200, SE-101 23 Stockholm, Sweden
To be entitled to participate in the Annual General Meeting, the following applies for shareholders whose shares are registered through a bank or other nominee: In addition to giving notification, shareholders must request that their shares be registered in the shareholders’ register under their own names by Thursday, March 30, 2017 at the latest in order to be entitled to attend the meeting. In such cases, the shareholders in question should instruct the bank or nominee of this well in advance of Thursday, March 30, 2017. Such registration may be temporary.
The shareholder’s name, personal identity number/corporate registration number, address and telephone number, and number of accompanying persons, if any, should be stated when notification is given. Shareholders represented by proxy should deliver a proxy in the original to the company prior to the Annual General Meeting. Proxy forms are available upon request and on the company website www.sca.com. Anyone representing a corporate entity must present a copy of the registration certificate, not older than one year, or equivalent authorization document, listing the authorized signatories.
The Notice convening the Annual General Meeting can be found on the company website www.sca.com.
- Helena Stjernholm, AB Industrivärden,
- Petter Johnsen, Norges Bank Investment Management
- Håkan Sandberg, Handelsbanken Pension Fund and others
- Hans Sterte, Skandia
- Pär Boman, Chairman of the Board of SCA
The Nomination Committee prepares, among other things, the proposal for election of Board members.
The Board of Directors proposes a dividend of SEK 6.00 per share and that the record date for the dividend be Friday, April 7, 2017. Payment through Euroclear Sweden AB is expected to be made on Wednesday, April 12, 2017.
The Board of Directors also proposes that all shares in the wholly owned subsidiary SCA Hygiene AB be distributed to shareholders in Svenska Cellulosa Aktiebolaget SCA. For further information see chapter The SCA share.
Proposed dividend per share
FINANCIAL INFORMATION 2017 – 2018
Interim report (Jan 1–Mar 31, 2017) April 27, 2017
Interim report (Jan 1–Jun 30, 2017) July 18, 2017
Interim report (Jan 1–Sep 30, 2017) October 26, 2017
Year-end report 2017 January 26, 2018
Annual Report 2017 March 2018
Annual Reports, year-end reports and interim reports are published in Swedish and English (in the event of differences between the English translation and the Swedish original, the Swedish text shall prevail) and can be downloaded from SCA’s website www.sca.com. Annual Reports can also be ordered from:
Svenska Cellulosa Aktiebolaget SCA
Group Function Communications
P.O. Box 200
SE-101 23 Stockholm, Sweden
Tel +46 8 788 51 00
Subscriptions to publications
Subscription to SCA’s press releases, interim reports and year-end reports can be arranged by registering an e-mail address on the SCA website.