The information provided herein is such that AB Industrivärden (publ) is obligated to disclose pursuant to the Securities Market Act (SFS 2007:528). Submitted for publication at 4:30 p.m. on May 6, 2014.
PRESS RELEASE
Communiqué from Industrivärden's 2014 Annual General Meeting
Industrivärden's Annual General Meeting was held on May 6, 2014, at the Grand Hotel in Stockholm, whereby the following resolutions were made, among other things.
- The Annual General Meeting set the dividend at SEK 5.50 per share (5.00). The record date for payment of the dividend was set at May 9. Dividends are expected to be paid out via Euroclear Sweden AB on May 14.
- Pär Boman, Christian Caspar, Boel Flodgren, Stuart Graham, Fredrik Lundberg, Sverker Martin-Löf and Anders Nyrén were re-elected as directors on Industrivärden's board. Annika Lundius and Nina Linander were elected as new board members. Annika Lundius, LLM (born 1951). Annika Lundius is an Executive Vice President of the Confederation of Swedish Enterprise and a former Legal Director and Director-General in the Swedish Ministry of Finance, and former CEO of the Swedish Insurance Federation and the Swedish Insurance Industry Employers Association (FAO). She is currently a director on the boards of SSAB and AMF Pension. Nina Linander, M.Sc. Econ., MBA (born 1959). Nina Linander founded and until 2012 was a partner in the recruitment consulting firm Stanton Chase International. Prior to this, she served in various executive positions for Vattenfall and Electrolux. Nina Linander is a director on the boards of TeliaSonera, Skanska, Awapatent, Specialfastigheter Sverige and Castellum. Sverker Martin-Löf was re-elected as Chairman of the Board.
- The Annual General Meeting decided to elect PricewaterhouseCoopers AB to be accounting firm.
- The Annual General Meeting voted in favour of the Board's proposal to introduce a long-term share savings program for a combined maximum of 30 employees of the Industrivärden Group. The program covers a maximum of 150,000 Industrivärden Class C shares. The share savings program is a form of long-term variable salary and corresponds in its construction to the programs approved by the 2012 and 2013 Annual General Meetings. The program is part of an overall, market-based compensation package in which the employees receive matching shares after three years provided that they have invested a certain portion of their fixed salary in Industrivärden shares and are still employed at the time of the matching. The program aims to encourage equity ownership among Industrivärden's employees and thereby emphasizes long-term shareholder value.
- Proposals by the shareholder Thorwald Arvidsson was rejected by the Annual General Meeting.
Information about the Annual General Meeting is available from the Company and on Industrivärden's website: www.industrivarden.net under Corporate Governance/Annual General Meeting.
Stockholm, Sweden, May 6, 2014
AB INDUSTRIVÄRDEN (publ)
For further information, please contact: Sverker Sivall, Head of Corporate Communication, Industrivärden, tel. +46-8-666 64 00