Annual General Meeting 2012
(Thomson Reuters ONE) -
Investment AB Kinnevik (publ) ("Kinnevik") today held its Annual General Meeting
("AGM").
The AGM re-elected Tom Boardman, Vigo Carlund, Dame Amelia Fawcett Wilhelm
Klingspor, Erik Mitteregger, Allen Sangines-Krause and Cristina Stenbeck as
Board Directors. The AGM further re-elected Cristina Stenbeck as Chairman of the
Board of Directors.
The AGM resolved in accordance with the proposal from the Board of Directors to
distribute a cash dividend to the shareholders for 2011 of SEK 5.50 per share.
The dividend is estimated to be paid out to the shareholders on Tuesday 15 May
2012.
The AGM resolved on the discharge of liability of the directors of the Board and
the Chief Executive Officer for 2011.
The AGM also resolved to:
* Adopt a performance based incentive plan (the "Plan"). The Plan includes in
total a maximum of 42 senior executives and other key employees within the
Kinnevik Group. In order to participate in the Plan, the participants are
required to own shares in Kinnevik. These shares can either be shares
already held or shares purchased on the market in connection with the
notification to participate in the Plan. Thereafter the participants will be
granted, by the Company free of charge, rights to retention shares and
performance shares on the Plan's terms. The Plan has the same structure as
the plan that was adopted at the 2011 Annual General Meeting.
· Authorise the Board to resolve on a directed new issue of
325,000 C-shares to Nordea Bank AB (publ) to subsequently resolve to repurchase
the C-shares from Nordea Bank AB (publ).
· Authorise the Board of Directors to pass a resolution on one or
more occasions for the period up until the next Annual General Meeting on
repurchasing so many Class A and/or Class B shares that the Company's holding
does not at any time exceed 10 percent of the total number of shares in the
Company. The repurchase of shares shall take place on the NASDAQ OMX Stockholm
and may only occur at a price within the share price interval registered at that
time, where share price interval means the difference between the highest buying
price and lowest selling price.
* Approve the following procedure for preparation of the election of the Board
of Directors and auditor. The work of preparing a proposal on the Board of
Directors and auditor, in the case that an auditor should be elected, and
their remuneration as well as the proposal on the Chairman of the Annual
General Meeting of 2013 shall be performed by a Nomination Committee. The
Nomination Committee will be formed during October 2012 in consultation with
the largest shareholders of the Company as per 30 September 2012. The
Nomination Committee will consist of at least three members representing the
largest shareholders of the Company. The Nomination Committee is appointed
for a term of office commencing at the time of the announcement of the third
quarter report in 2012 and ending when a new Nomination Committee is formed.
* Approve the proposal by the Board of Directors to amend the Articles of
Association to the effect that the Company's business shall be to own and
manage real property and movables, primarily within the following business
sectors; Paper & Packaging, Telecom & Services, Media, Online,
Microfinancing, Agriculture and Renewable energy, the possibility to issue
preference shares of Class B was removed, the Board of Directors shall not
consist of deputy directors and the stated time (3.00 p.m.) in the provision
concerning the shareholders' notice of attendance at the General Meeting was
deleted.
Proposals 21, 22 and 23 on the agenda were not supported by the required
majority of shareholders. All other proposals were approved at the AGM.
At the constituent meeting of the Board of Directors following the AGM, an Audit
Committee and a Remuneration Committee. Erik Mitteregger was appointed as
Chairman of the Audit Committee and Tom Boardman, Wilhelm Klingspor and Allen
Sangines-Krause were appointed members of the Audit Committee. Wilhelm Klingspor
was appointed Chairman of the Remuneration Committee and Dame Amelia Fawcett,
Erik Mitteregger and Cristina Stenbeck were appointed members of the
Remuneration Committee.
For further information, visit www.kinnevik.se or contact:
Mia Brunell Livfors, President and Chief Executive Officer +46 (0)8 562 000 00
Torun Litzén, Director Investor Relations +46 (0)8 562 000 83
+46 (0)70 762 00 83
Kinnevik is required to make public the information in this press release in
accordance with the Securities Market Act. The information was released for
publication on 7 May, 2012 at 12.00 (CET).
Kinnevik was founded in 1936 and thus embodies seventy-five years of
entrepreneurship under the same group of principal owners. Kinnevik's objective
is to increase shareholder value, primarily through net asset value growth. The
company's holdings of growth companies are focused around seven comprehensive
business sectors; Telecom & Services, Online, Media, Microfinancing, Paper &
Packaging, Agriculture and Renewable energy. Kinnevik has a long history of
investing in emerging markets which has resulted in a considerable exposure to
consumer sectors in these markets. Kinnevik plays an active role on the Boards
of its holdings.
Kinnevik's class A and class B shares are listed on the NASDAQ OMX Stockholm's
list for large cap companies, within the financial and real estate sector. The
ticker codes are KINV A and KINV B.
Press release:
http://hugin.info/1114/R/1609339/511049.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Kinnevik via Thomson Reuters ONE
[HUG#1609339]
Unternehmensinformation / Kurzprofil:
Datum: 07.05.2012 - 12:06 Uhr
Sprache: Deutsch
News-ID 143341
Anzahl Zeichen: 7008
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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"Annual General Meeting 2012"
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