Scandinavian Tobacco Group A/S: Result of Annual General Meeting
(Thomson Reuters ONE) -
COMPANY ANNOUNCEMENT
No. 18/2016
Copenhagen, 26 April 2016
RESULT OF ANNUAL GENERAL MEETING
OF SCANDINAVIAN TOBACCO GROUP A/S
Scandinavian Tobacco Group A/S (the "Company") held its annual general meeting
today. The outcome of the general meeting was as follows:
1. Adoption of the audited annual report
The audited annual report was adopted by the general meeting
2. Adoption of the remuneration of the board of directors and any board
committees
The general meeting approved the board of directors' proposal that
compensation for the board of directors for the financial year 2016 is set based
on a base annual fee of DKK 400,000 to each member. Furthermore, the chairman
will receive three times the base annual fee and the vice-chairman will receive
1.75 times the base annual fee. The chairman of the Audit Committee will receive
(in addition to the base annual fee as board member) a fee corresponding to 75
percent of the base annual fee for members of the board of directors. Other
members of the Audit Committee will receive (in addition to the base annual fee
as board members) a fee corresponding to 37.5 percent of the base annual fee for
members of the board of directors. The members of each of the Remuneration
Committee and Nomination Committee will receive (in addition to the base annual
fee as board members), a fee corresponding to 12.5 percent of the base annual
fee for members of the board of directors. The chairman of each of the
Remuneration Committee and Nomination Committee will receive (in addition to the
base annual fee as board members) a fee corresponding to 25 percent of the base
annual fee for members of the board of directors.
3. Appropriation of profit or loss as recorded in the adopted annual report
The general meeting approved the board of directors' proposal that for the
financial year 2015 the Company pays a dividend of DKK 5.00 per share of DKK 1.
4. Election of members to the board of directors
The general meeting re-elected Jørgen Tandrup, Søren Bjerre-Nielsen, Dianne
Neal Blixt, Marlene Forsell, Conny Karlsson, Luc Missorten and Henning Kruse
Petersen and elected Nigel Northridge as members of the board of directors.
5. Election of auditor(s)
PricewaterhouseCoopers Statsautoriseret Revisionspartnerskab was re-elected
as auditor of the Company.
The Board of Directors has appointed Jørgen Tandrup as chairman of the board of
directors and Nigel Northridge as vice-chairman.
Members of the Audit Committee are Søren Bjerre-Nielsen (chairman), Dianne Blixt
and Marlene Forsell. Members of the Nomination and Remuneration Committees are
Jørgen Tandrup (chairman), Nigel Northridge and Conny Karlsson.
Scandinavian Tobacco Group A/S
The Board of Directors
For further information, please contact:
For media inquiries:
Kaspar Bach Habersaat, Director of Group Communications, phone: +45 7220 7152
or kaspar.bach(at)st-group.com.
For investor inquiries:
Torben Sand, Head of Investor Relations, phone: +45 7220 7126 or torben.sand(at)st-
group.com.
About Scandinavian Tobacco Group
Scandinavian Tobacco Group A/S with its subsidiaries (the "Group") is a world
leading producer of cigars and traditional pipe tobacco. The Group also produces
fine-cut tobacco and sells tobacco-related accessories. The Group produces and
sells 3 billion cigars and 5,000 tonnes of pipe and fine-cut tobacco annually.
Scandinavian Tobacco Group believes it is the only company globally with a core
strategic focus on production and distribution in all of these tobacco
categories.
Scandinavian Tobacco Group holds market-leading positions in the machine-made
cigar market in Europe, the handmade cigar market in the US, the online and
catalogue retail sales of cigars in the US, the traditional pipe tobacco market
globally and in selected fine-cut tobacco markets.
Scandinavian Tobacco Group has a diversified portfolio of more than 200 brands
providing a complementary range of established global brands and local
champions. In the cigar segment, the brand portfolio comprises Café Crème, La
Paz, Macanudo, CAO, Partagas (US) and Cohiba (US). Pipe tobacco brands include
Captain Black, Erinmore, Borkum Riff and W.Ø. Larsen, while leading fine-cut
tobacco brands include Bugler, Break, Escort, Bali Shag and Tiedemanns.
As at 31 December 2015, the Group employed approx. 8,100 people in the Dominican
Republic, Honduras, Nicaragua, Indonesia, Europe, New Zealand, Australia, Canada
and the US.
For more information please visit www.st-group.com.
Result of the 2016 AGM of Scandinavian Tobacco Group AS:
http://hugin.info/171738/R/2006392/741329.pdf
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other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Scandinavian Tobacco Group A/S via GlobeNewswire
[HUG#2006392]
Unternehmensinformation / Kurzprofil:
Datum: 26.04.2016 - 17:53 Uhr
Sprache: Deutsch
News-ID 466589
Anzahl Zeichen: 5988
contact information:
Town:
Søborg
Kategorie:
Business News
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