Kinnevik AB (publ) (“Kinnevik”) has today held its annual general meeting. The annual general meeting decided, in accordance with all of the proposals that the board of directors and the nominating committee put forward.
The general meeting decided on re-election of the board members Tom Boardman, Anders Borg, Dame Amelia Fawcett, Wilhelm Klingspor, Lothar Lanz, Erik Mitteregger, Mario Queiroz, John Shakeshaft and Cristina Stenbeck, and election of Cynthia Gordon and Henrik Poulsen as new board members. Furthermore, re-elected the annual general meeting Tom Boardman to the board chairman.
The annual general meeting adopted the annual report for 2016 and decided to distribute a cash dividend of sek 8.00 per share shall be submitted to the shareholders for fiscal year 2016, Friday 12 may 2017 as the date of record. Payout to shareholders is expected to take place on Wednesday 17 may 2017. The last day of trading in the kinnevik share including right to receive dividend is Wednesday 10 may 2017, and the first day of trading in the kinnevik share excluding the right to the dividend is Thursday 11 may 2017.
The annual general meeting granted the board of directors and the managing director be discharged from liability for the financial year 2016.
The agm also resolved to:
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Re-elect the authorized public accounting firm Deloitte AB as auditor for a mandate period of four years, d.v.p. to the end of the annual general meeting in 2021.
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Approve the fees to the board of directors and the auditor, and the order for the nominating committee.
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Approve the guidelines for remuneration to senior executives.
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Approve a long-term share-based incentive programme for all employees in Kinnevik (except for participants in the long-term cash-based incentive plan), as well as the transfer of own B-shares to participants in the program.
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Ensure the commitment to deliver shares to participants in the long-term, equity-based, incentive programme through a directed issue of C shares to a bank, and direct the subsequent repurchase of the same C-shares.
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Approve a long-term, cash-based, incentive programme for Kinnevikanställda that have a direct impact on, and works almost exclusively with, Kinnevik’s unlisted portfolio companies.
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Authorize the board of directors to decide on repurchase of own shares, given that Kinnevik’s holding of own shares does not at any time exceed 10 per cent of all shares in the company.
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Approve that the board of directors shall consist of a minimum of three and maximum of twelve members elected by the agm, and an amendment of Kinnevik’s objects to better reflect Kinnevik’s current investment activities and portfolio composition, through the amendment of the articles of association.
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Reject proposals from the shareholders.
At the statutory board meeting held after the annual general meeting appointed Anders Borg and Dame Amelia Fawcett to the board’s vice chairman. Further, the board appointed an audit committee, a remuneration committee and a committee for corporate governance, risk management and compliance (Governance, Risk and Compliance, “GRC“). John Shakeshaft was appointed chairman of the audit committee, and Tom Boardman, Erik Mitteregger, and Henrik Poulsen was appointed to the members of the audit committee. Dame Amelia Fawcett was appointed chairman of the remuneration committee, and Tom Boardman and Erik Mitteregger were appointed members of the remuneration committee. Dame Amelia Fawcett was appointed to the chair of the GRC committee, and Cynthia Gordon, and John Shakeshaft were appointed members of the GRC committee.
For further information, please visit www.kinnevik.com or contact:
Kinnevik is a sektorfokuserat investment company that is passionate about entrepreneurship. Together with driven founders and business leaders, we build digital konsumentbolag that offers people more and better choices. We create, invest in and lead the rapidly growing businesses in both developed and emerging markets. We believe in delivering both shareholder value and social value, and by building well-governed companies that contribute positively to society. Kinnevik was founded in 1936 by the families of Stenbeck, Klingspor and von Horn. Kinnevik’s shares are traded on Nasdaq Stockholm’s list for large cap companies under the ticker CLASS A and CLASS
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