Oatly AGM Approves No Dividend, Elects Brok Chair and Launches 3.36M-Option LTIP
Oatly’s 2026 AGM approved carrying forward 2025 results with no dividend and elected Martin Brok as board chair among ten directors, including new member Stefan Descheemaeker. Shareholders also authorized LTIP 2026–2028 covering 3,363,198 options and RSUs, boosted the incentive share limit to 143,861,475, and cleared issuance of 67,263,960 warrants.
1. AGM Resolutions
At the AGM on May 20, Oatly shareholders adopted the company’s financial year 2025 income statement and balance sheet, resolved to carry forward results with no dividend distribution, and discharged the board of directors and CEO from liability for that period.
2. Board Composition
The meeting set the board size at ten members and elected Martin Brok as chairperson until the 2029 AGM, while appointing Stefan Descheemaeker and Eric Melloul as ordinary board members for the same term.
3. Executive LTIP Program
Shareholders approved implementation of LTIP 2026–2028, authorizing grants of up to 3,363,198 stock options and restricted stock units under an increased overall share limit of 143,861,475 common shares, and cleared issuance of 67,263,960 warrants to secure award delivery.
4. Board Equity Program
Oatly also launched the Board Equity Program 2026–2028 under its incentive plan, permitting grants of up to 300,000 share awards to non-employee board members in the form of ordinary shares, warrants of series 2026-B or American Depositary Shares.