TeliaSonera’s Annual General Meeting, April 8, 2015
Today’s Annual General Meeting of TeliaSonera AB (publ) decided the following:
The Annual General Meeting approved the income statement and balance sheet for 2014.
The Annual General Meeting decided upon a dividend to shareholders of SEK 3.00 per share, and April 10, 2015 was decided as the record date for the dividend. With this record date, it is estimated that the dividend will be sent out from Euroclear on April 15, 2015.
The Annual General Meeting discharged the Board of Directors from liability for the financial year 2014. The Annual General Meeting discharged CEO and President Johan Dennelind from liability for the financial year 2014.
Ordinary members of the Board Marie Ehrling, Olli-Pekka Kallasvuo, Mats Jansson, Mikko Kosonen, Nina Linander, Martin Lorentzon, Per-Arne Sandström and Kersti Strandqvist were re-elected. Marie Ehrling was elected as Chair of the Board and Olli-Pekka Kallasvuo was elected Vice-Chair of the Board.
The following Board remuneration was approved for the Board of Directors: to the Chair, SEK 1,550,000 (1,240,000) and 750,000 to the Vice-Chair (unchanged) and to all other board members that not are employed by the company SEK 530,000 each (470,000). In addition, the following remuneration was approved for work in Board Committees: Remuneration to the Chair of the Board's Audit Committee of SEK 150,000 (unchanged) and of SEK 100,000 (unchanged) to each of the other members of the Audit Committee, remuneration to the Chair of the Sustainability and Ethics Committee of SEK 150,000 (unchanged) and of SEK 100,000 (unchanged) to each of the other members of the Sustainability and Ethics Committee and remuneration to the Chair of the Board’s Remuneration Committee with SEK 65,000 (unchanged) and of SEK 45,000 (unchanged) to each of the other members of the Remuneration Committee, were approved.
It was decided that the number of auditors shall be one and Deloitte AB was elected until the end of the Annual General Meeting 2016. Remuneration to the auditors shall be paid as per invoice.
Daniel Kristiansson (Swedish State), Kari Järvinen (Finnish State via Solidium Oy), Johan Strandberg (SEB Fonder), Anders Oscarsson (AMF and AMF Fonder) and Marie Ehrling (Chair of the Board of Directors) were elected to the Nomination Committee.
The Annual General Meeting decided to approve the proposal from the Board of Directors regarding guidelines for remuneration to the executive management.
The Annual General Meeting authorized the Board of Directors to carry out acquisitions of own shares at one or more occasions prior to the Annual General Meeting 2016 on Nasdaq Stockholm and/or Nasdaq Helsinki or in accordance with an offer to acquire shares directed to all shareholders, whereby a maximum of 10 percent of all shares in the company may be acquired.
The Annual General Meeting decided to implement a long-term incentive program 2015/2018 and hedging arrangements for the program. The program may include approximately 200 key persons.
TeliaSonera AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instrument Trading Act. The information was submitted for publication at 6 p.m. CET on April 8, 2015.
Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of TeliaSonera.
TeliaSonera provides network access and telecommunication services in the Nordic and Baltic countries, the emerging markets of Eurasia, including Russia and Turkey, and in Spain. TeliaSonera helps people and companies communicate in an easy, efficient and environmentally friendly way. Our ambition is to be number one or two in all our markets, providing the best customer experience, high quality networks and cost efficient operations. TeliaSonera is also a leading wholesale provider who owns and operates one of the world’s most extensive fiber backbones. In 2014, net sales amounted to SEK 101.1 billion, EBITDA to SEK 35.2 billion and earnings per share to SEK 3.35. The TeliaSonera share is listed on Nasdaq Stockholm and Nasdaq Helsinki. Read more at www.teliasonera.com.