Notice of Annual General Meeting of Hakon Invest AB (publ)
Shareholders in Hakon Invest AB (publ) are hereby summoned to the Annual General
Meeting to be held at4.00 pm on Wednesday, April 14, 2010 in the Stockholm
Conference Room at the Grand Hôtel in Stockholm, at Södra Blasieholmshamnen 8.
Light refreshments will be served from 2:30 pm in conjunction with the meeting.
The Nomination Committee of Hakon Invest proposes the re-election of the Board
members: Lars Otterbeck, Cecilia Daun Wennborg, Anders Fredriksson, Magnus
Moberg, Jan Olofsson and Thomas Strindeborn. As a new board member suggests
Andrea Gisle Joosen. Andrea Gisle Joosen (born 1964) is managing director of
Panasonic Nordic AB. Andrea Gisle Joosen was president of Chantelle AB
2003-2006 and CEO of Twentieth Century Fox AB 2000-2002. She was previously
marketing director at Johnson & Johnson AB and has held various positions at
Procter & Gamble AB and Mars Inc. She has an MBA degree (MSc) from Copenhagen
Business School. Jan-Olle Folkesson, who was a member of Hakon Invest's board of
directors since 2005, has declined re-election. The Nomination Committee of
Hakon Invest proposes the re-election of Lars Otterbeck as Chairman of the
Board. More information on the Board members can be found at www.hakoninvest.se.
It is proposed that the fees to the Board remain unchanged at a total of SEK
1,980,000 of which SEK 550,000 is to be paid to the Chairman of the Board, SEK
330,000 to the Deputy Chairman and SEK 220,000 to each of the other members. It
is proposed that a further maximum of SEK 325,000 be distributed for committee
work.
The Board proposes that guidelines be established for the remuneration and terms
of employment of senior executives of Hakon Invest that shall apply until the
end of the 2011 Annual General Meeting. These guidelines are consistent with
those set at the 2009 AGM. Executive Director and other senior executives to the
proposal subject to an annual recurrent combined shares matching and performance
share program. The 2010 equity incentive plan is essentially the same as the
2009 program. One difference is that the vesting period for the 2010 program
will be extended from two to three years. Furthermore, shares will be received
without consideration in the 2010 program, unlike the 2009 program where the
exercise price is SEK 10 per share. The shares in this year's proposed program
to be awarded at a date fixed by the Board. In the 2009 program, participants
can solve the shares at any time for about a year after maturity.
The Board proposes that the Annual General Meeting approve the 2010
share-related incentive program for the Company's President and other senior
executives as well as a share-related incentive program for other employees.
It is proposed that the dividend be set at SEK 6.00 per common share.
The complete notice can be found on the Company's website www.hakoninvest.se and
is also appended to this press release. Documentation relating to certain
proposals for decision can also be found on the website.
For more information, contact:
General Counsel Head of Investor
Relations
Fredrik Hägglund Anders Hallgren
tel. +46-8-553 399 08 tel. +46-8-553
399 66
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|Hakon Invest, which is listed on the OMX Nordic Exchange in Stockholm, |
|conducts active and long-term investment operations in retail-oriented |
|companies in the Nordic and Baltic region. Hakon Invest owns 40% of ICA AB, |
|the Nordic region's leading retail company with a focus on food. The portfolio|
|also includes shares in Forma Publishing Group, Kjell & Company, Hemma, |
|Cervera, inkClub and Hemtex. Further information about Hakon Invest is |
|available at www.hakoninvest.se . |
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[HUG#1393921]
Press release 100316: http://hugin.info/135965/R/1393921/350964.pdf
Notice of AGM : http://hugin.info/135965/R/1393921/350963.pdf
