Lindab International AB (publ): Lindab's Annual General Meeting 2016
Lindab International AB (publ) held its Annual General Meeting on 3 May 2016, at Grevieparken in the municipality of Båstad, Sweden. 220 shareholders were represented at the meeting.
The Meeting resolved in favour of all the proposals of the Board and the Nomination Committee. The most important resolutions are described below.
Election of the Board of Directors
Marianne Brismar, Sonat Burman-Olsson and Hans Porat were re-elected as members of the Board and Per Bertland, Viveka Ekberg, Bent Johannesson and Peter Nilsson were elected as new members of the Board. Furthermore, Peter Nilsson was elected as new chairman of the Board.
Election of auditors
The Meeting resolved to re-elect the audit firm Deloitte AB as the company's auditor for the period until the end of the next Annual General Meeting.
Adoption of statements etc.
The Meeting adopted the company's and the Group's income statements and balance sheets and discharged the Board members and the CEO from liability for the financial year 2015.
In accordance with the Board's proposal, the Meeting resolved on a dividend of 1.25 SEK per share and that the record date for the right to dividend shall be 6 May 2016.
Authorisation for the Board to resolve on transfer of treasury shares
The Meeting authorised the Board to resolve on transfer of treasury shares. Authorisations may be exercised on one or several occasions during the period up until the next Annual General Meeting.
Fees to the Board and the auditors
The Meeting resolved on unchanged fees to each Board member, totalling 2,500,000 SEK. The Meeting resolved that the auditors' fee shall be paid in accordance with approved account.
The Meeting resolved on a procedure for the Nomination Committee meaning i.a. that the three largest shareholders shall each nominate a member to the Nomination Committee. In addition, the chairman of the Board shall be a member of the Nomination Committee.
Guidelines for remuneration to senior executives
The Meeting resolved on guidelines for remuneration to senior executives in accordance with the Board's proposal.
The information is such that Lindab International AB (publ) is obligated to publish under the Swedish Securities Market Act and/or the Swedish law on Trading with Financial Instruments. The information was submitted for publication on 4 May 2016 at 07.40 CET.
Lindab develops, manufactures, markets and distributes products and system solutions for simplified construction and improved indoor climate. The products are characterised by their high quality, ease of assembly, energy efficiency, consideration towards the environment, and are delivered with high levels of service. Altogether, this increases customer value.
The Group had sales of SEK 7,589 m in 2015 and is established in 32 countries with approximately 5,100 employees. The main market is non-residential construction, which accounts for 80 percent of sales, while residential accounts for 20 percent of sales. During 2015, the Nordic market accounted for 44 percent, Western Europe for 33 percent, the CEE/CIS (Central and Eastern Europe plus other former Soviet states) for 19 percent and other markets for 4 percent of total sales.
The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap, under the ticker symbol LIAB. For more information visit