Scandinavian Tobacco Group shareholders approved the company’s 2025 annual report and a dividend of DKK 4.50 ($0.72) per share at its annual general meeting, while backing the remuneration report and board compensation for 2026. The AGM also saw the re-election of most board members, and the appointment of Lars Dahlgren, with Henrik Brandt confirmed as chairman. PricewaterhouseCoopers was reappointed as auditor, as the company maintains continuity of governance while returning value to shareholders.
Tag: AGm
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BAT Chair Reaffirms Growth Targets at AGM
British American Tobacco Chair Luc Jobin told shareholders at the company’s 2026 annual meeting that the group is making strong progress in its transformation toward a smokeless future, driven by growth in reduced-risk products and continued investment in innovation, science, and digital capabilities. He highlighted a more than 15% increase in smokeless product users in 2025 and reaffirmed confidence in BAT’s medium-term targets, including 3–5% revenue growth and 4–6% operating profit growth, despite regulatory challenges and market volatility.
“We enter 2026 with accelerating momentum, powered by a strengthened innovation pipeline, deep strategic partnerships, and growing confidence in our future-fit capabilities,” Jobin said. “This progress underpins our confidence in sustainably delivering our mid-term algorithm of [growth].”
Emphasizing harm reduction, Jobin called for evidence-based regulation to support alternatives to cigarettes and said the company remains well-positioned to deliver long-term value as it advances its strategy, despite a complex and volatile market.
“We have activated comprehensive Business Continuity Plans to mitigate potential disruption, and we are closely monitoring the situation in the Middle East as it evolves,” he said. “As of today, the conflict is not currently having a significant impact on the Group’s business.”
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BAT Publishes AGM 2026 Notice
Today (March 10), British American Tobacco published its Notice of Annual General Meeting 2026 and related documents on its website ahead of the AGM scheduled for April 15. Shareholders can access the 2025 Combined Annual and Sustainability Report, performance summaries, AGM Notice, and proxy forms online.
For South African shareholders, the last day to trade is April 7, with the Record Date set for April 10. All documents are also available via the UK National Storage Mechanism in compliance with listing rules.
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Scandinavian Calls for AGM Proposals
Scandinavian Tobacco Group sent a notice informing shareholders that any proposed motion to be included on the upcoming Annual General Meeting agenda must be received in writing by March 3. Requests can be sent to investor@st-group.com or mailed to Scandinavian Tobacco Group. The AGM is scheduled for April 15.
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BAT Hosts Annual General Meeting
At its 2025 General Meeting, British American Tobacco (BAT) announced that its sales had fallen by 5.2% as reported in 2024, although has risen 1.3% organically. The company presented its updated strategy based on three pillars: quality growth, a sustainable future, and a dynamic company.
“2024 was an investment year for BAT, with delivery in line with our guidance,” Luc Jobin said in BAT’s chair address. “I was pleased to see another solid performance in our new categories business. New categories’ contribution increased by £251 million, on an adjusted organic basis at constant currency rates, and category contribution margin is now at 7.1%.”
BAT said it would continue its strategy towards a smoke-free world, aiming for a largely combustion-free business by 2035. Smokeless products now account for 17.5% of sales, with 29.1 million adult consumers. For 2025, BAT expects 1% sales growth, with its adjusted operating profit up by between 1.5% and 2.5%, with an unfavorable exchange rate effect. The company is targeting 3%-5% growth in sales for 2026, with adjusted profit up 4%-6%. The £900m share buyback program and a 2% increase in its dividend have been confirmed.
The Board announced the addition of Soraya Benchikh as Chief Financial Officer and Uta Kemmerich-Keil as an independent director.