Kinnevik: Annual General Meeting 2017
(Thomson Reuters ONE) -
Kinnevik AB (publ) ("Kinnevik") today held its Annual General Meeting (the
"AGM"). The AGM resolved in accordance with all proposals by the Board and the
Nomination Committee.
The AGM resolved to re-elect Tom Boardman, Anders Borg, Dame Amelia Fawcett,
Wilhelm Klingspor, Lothar Lanz, Erik Mitteregger, Mario Queiroz, John Shakeshaft
and Cristina Stenbeck as members of the Board and to elect Cynthia Gordon and
Henrik Poulsen as new members of the Board. The AGM further re-elected Tom
Boardman as Chairman of the Board.
The AGM approved the 2016 Annual Report and resolved to distribute a cash
dividend to the shareholders for the 2016 financial year of SEK 8.00 per share,
with Friday 12 May 2017 as record date. The dividend is estimated to be paid out
to the shareholders on Wednesday 17 May 2017. The last trading day in the
Kinnevik share including the right to receive dividend will be Wednesday 10 May
2017, and the first trading day in the Kinnevik share not including a right to
receive dividend will be Thursday 11 May 2017.
The AGM resolved on the discharge of liability of the Board and the Chief
Executive Officer for the 2016 financial year.
The AGM also resolved:
* To re-elect the authorised accounting firm Deloitte AB as auditor for a
term-of-office of four years, i.e. until the close of the Annual General
Meeting 2021.
* To approve remuneration of the Board and auditor, and procedures for the
Nomination Committee.
* To adopt guidelines for remuneration to senior executives.
* To adopt a long-term share based incentive plan for all employees in
Kinnevik (except the participants in the long-term cash based incentive
plan), and transfer of own Class B shares to the participants in the plan.
* To secure the undertakings to deliver shares to the participants in the
long-term share based incentive plan through a directed issue of Class C
shares to a bank, and immediately thereafter repurchase the same Class C
shares.
* To adopt a long-term, cash based, incentive plan for employees that have a
direct impact on, and are working almost exclusively with, Kinnevik's
private portfolio.
* To authorise the Board to resolve on repurchases of own shares, subject to
that Kinnevik's holding of own shares may not at any time exceed 10 per cent
of the total number of shares in the company.
* To approve that the Board shall consist of no less than three and no more
than twelve members elected by the shareholders' meeting, and an amendment
of the object of Kinnevik's business to better reflect Kinnevik's current
investment operations and investment portfolio compositions, through
amendments of the articles of association.
* To reject propsals from the shareholders.
At the constituent meeting of the Board following the AGM, Anders Borg and Dame
Amelia Fawcett were appointed Deputy Chairmen of the Board. The Board also
formed an Audit Committee, a Remuneration Committee and a Governance, Risk and
Compliance ("GRC") Committee. John Shakeshaft was appointed as Chairman of the
Audit Committee, and Tom Boardman, Erik Mitteregger and Henrik Poulsen were
appointed 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. Further, Dame Amelia
Fawcett was appointed Chairman of the GRC Committee, and Cynthia Gordon and John
Shakeshaft were appointed members of the GRC Committee.
For further information, visit www.kinnevik.com or contact:
Torun Litzén, Director Investor Relations Phone +46 (0)8 562 000 83
Mobile +46 (0)70 762 00 83
Kinnevik is an industry focused investment company with an entrepreneurial
spirit. Our purpose is to build the digital consumer businesses that provide
more and better choice. We do this by working in partnership with talented
founders and management teams to create, invest in and lead fast growing
businesses in developed and emerging markets. We believe in delivering both
shareholder and social value by building well governed companies that contribute
positively to society. Kinnevik was founded in 1936 by the Stenbeck, Klingspor
and von Horn families. Kinnevik's shares are listed on Nasdaq Stockholm's list
for large cap companies under the ticker codes KINV A and KINV B.
Press release:
http://hugin.info/1114/R/2102602/797368.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kinnevik via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 08.05.2017 - 14:00 Uhr
Sprache: Deutsch
News-ID 540895
Anzahl Zeichen: 5494
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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