Lindab International AB (publ) has on 9 may 2017 held the annual general meeting in Grevieparken, Båstad municipality. Present at the meeting was approximately 200 people.
Decision
In all cases, the meeting decided, in accordance with the board of directors and the nomination committee’s proposal. The following is an account of the most important decisions.
The election of the board of directors
The meeting approved the re-election of the board members Sonat Burman-Olsson, Per Bertland, Viveka Ekberg, Peter Nilsson, Bent Johannesson and election of Anette Frumerie and John Hedberg. The agm also resolved to re-elect Peter Nilsson as chairman of the board.
The election of the auditor
The meeting decided to appoint the audit firm Deloitte AB as the company’s auditor for the period up to the end of the next annual general meeting.
Fixing m m
The meeting approved the company’s and the group’s income statement and balance sheet and discharged the members of the board and the managing director be discharged from liability for the financial year 2016.
Dividend
In accordance with the board’s proposal, the meeting decided on a dividend of 1.40 sek per share and determined the record date for the dividend on 11 may 2017.
Authorisation to transfer own shares
The annual general meeting authorised the board of directors to decide on conveyance of own shares. According to the authorisation, the transfer may be made on one or several occasions until the next annual general meeting.
Fees to the board of directors, the public accountant also board committees
The agm resolved on board fees in accordance with the following:
Fees to the chairman of the board shall be 663 000 sek and the fee to each of the elected board members shall be paid by 306 000 sek. The fees paid to each of the ordinary trade union members shall amount to 25 500 sek.
The fee for the ordinary work of the board thus amount to a total of 2 550 000 sek.
The meeting resolved that the remuneration payable to the board of directors ‘ committees as follows:
To the chairman of the audit committee shall fees be paid with sek 100,000 and sek 50,000 to each of the committee members.
To the remuneration committee chairman of the board shall fees be paid with 60 000 sek 30 000 sek to each of the committee members.
Revisons and remuneration committee total fees shall not exceed 320 000 sek.
The meeting further decided that remuneration to the auditors shall be paid according to approved invoices.
The nomination committee
The meeting decided on a valberedningsprocedur resulting in, among other things, the three largest shareholders shall appoint one member each of the nomination committee. In addition, should the board of directors chairman member of the nomination committee.
Guidelines for remuneration to senior executives
The annual general meeting adopted guidelines for remuneration to senior executives in accordance with the board’s proposal.
Subscription warrant programme for senior executives
The meeting decided to establish a warrant programme for senior executives in the Lindabkoncernen. The agm authorized the company to issue a maximum of 110 000 warrants.
End
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The information is that which Lindab International AB (publ) is obliged to publish under the Swedish securities market act and/or the law on trading with financial instruments. The information was submitted for publication on 9 may 2017 18: 00 (CET).
Contacts:
LINDAB
Anders Berg, president and CEO
Email: anders.berg@lindab.com
Mobile: +46 (0)70 35 89155
Fredrik Liedholm, general counsel, M&A and HR director
Email: fredrik.liedholm@lindab.com
Mobile: +46 (0)72 38 85742
Short of Lindab
Lindab develops, manufactures, markets and distributes products and system solutions for simplified construction and improved indoor climate. The products are characterized by high quality, ease of – and environmental awareness and comes with a high level of service, all of which provide increased customer value.
The group’s net sales 7 849 MILLION in 2016, and is established in 32 countries with approximately 5,100 employees. The main market is non-residential, which accounts for 80 percent of sales, while residential accounts for 20 percent of sales. In 2016, the Nordic countries accounted for 47%, Western europe 33 percent, the CEE/CIS (Central and Eastern europe and other former soviet states) for 17 percent and Other markets for 3 percent of total sales.
The share is listed on Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap, under the ticker symbol operations is provided. See also www.lindabgroup.com.
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