Remuneration

Remuneration to the Board of Directors

Remuneration for the Board members was resolved on the Annual General Meeting (AGM) on June 25, 2025.

The AGM resolved that Board fees shall amount to a maximum of SEK 360,000 per year, in accordance with the following. The chairman of the Board will receive SEK 200,000 and each of the other Board members elected by the AGM will receive SEK 80,000.

Remuneration to the senior management

The Annual General Meeting on May 25, 2022 resolved to adopt guidelines for remuneration to the senior management. The remuneration report for 2024 was approved at the AGM on June 25, 2025.

Remuneration to senior managenent must be market-based and may consist of the following components: fixed cash salary, variable cash remuneration, pension benefits and other benefits. In addition – and independently of these guidelines – the Annual General Meeting may decide on, for example, share and share price-related remuneration. The total remuneration to the executive shall comprise a balanced mix of the above-mentioned components and conditions upon notice as well as severance pay. The board of directors shall annually evaluate whether share-related or share price-related long-term incentive programs shall be proposed to the general meeting. The fixed cash salary shall be individual and relate to the relevant person’s responsibilities and experience. 

Incentive programs

The purpose of Cinis Fertilizer’s share incentive programs is to encourage, through long-term financial interests, an ownership interest in the company in order to strengthen the ties between shareholders and employees.

Cinis Fertilizer has established a share incentive program based on capital-taxed warrants. As per June 30, 2025, the company had four warrant programs outstanding. More information about the warrants can be found in note 14 and the 2024 Annual report.

On June 25, 2025, the Annual General Meeting resolved to introduce two incentive programs, 2025:1 and 2025:2, for a total of 40,428,465 warrants for the company’s Chairman, Roger Johansson, and the company’s CEO, Jakob Liedberg. Further information can be found in Note 5 in the January – June 2025 Interim report.