TeliaSonera’s Annual General Meeting, April 12, 2016
Today’s Annual General Meeting of TeliaSonera AB (publ) decided the following:
The Annual General Meeting approved the income statement and balance sheet for 2015.
The Annual General Meeting decided upon a dividend to shareholders of SEK 3.00 per share and that the payment should be distributed in two equal tranches of SEK 1.50 each and April 14, 2016, and October 25, 2016, respectively, were decided as the record dates for the dividend. With these record dates, it is estimated that the dividend will be sent out from Euroclear on April 19, 2016, and on October 28, 2016, respectively.
The Annual General Meeting discharged the Board of Directors from liability for the financial year 2015. The Annual General Meeting discharged CEO and President Johan Dennelind from liability for the financial year 2015.
Ordinary members of the Board Marie Ehrling, Olli-Pekka Kallasvuo, Mikko Kosonen, Nina Linander and Martin Lorentzon were re-elected. Susanna Campbell, Anna Settman and Olaf Swantee were elcted new members to the Board. 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 1,600,000 (1,550,000) and 775,000 to the Vice-Chair (750,000) and to all other board members that not are employed by the company SEK 545,000 each (530,000). In addition, the following remuneration was approved for work in Board Committees: Remuneration to the Chair of the Board's Audit Committee of SEK 200,000 (150,000) and of SEK 150,000 (100,000) to each of the other members of the Audit Committee, remuneration to the Chair of the Sustainability and Ethics Committee of SEK 70,000 (150,000) and of SEK 50,000 (100,000) 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 70,000 (65,000) and of SEK 50,000 (45,000) 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 2017. 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 2017 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 2016/2019 but did not approve hedging arrangements for the program. The Board of Directors will get back regarding alternative hedging arrangements. The program may include approximately 200 key persons.
The Annual General Meeting decided on the amendment of the Company’s articles of association regarding change of the Company name from TeliaSonera AB to Telia Company AB.
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 18.00 p.m. CET on April 12, 2016.
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.
We’re TeliaSonera, the New Generation Telco. Our 21 000 talented colleagues serve millions of customers every day in one of the world’s most connected regions. With a strong connectivity base, we’re the hub in the digital ecosystem, empowering people, companies and societies to stay in touch with everything that matters 24/7/365 - on their terms. Headquartered in Stockholm, the heart of innovation and technology, we’re set to change the industry and bring the world even closer for our customers. Read more at www.teliasonera.com.