AGM Information • Mar 23, 2015
AGM Information
Open in ViewerOpens in native device viewer
The shareholders of Lindab International AB (publ) are hereby invited to attend the annual general meeting to be held at 4 pm (CET) on Monday 27 April 2015 at Grevieparken, Hålarpsvägen 14, 269 62 Grevie in Båstad. Registration for the annual general meeting begins at 3 pm (CET).
A. Right to attend the Annual General Meeting
Shareholders who wish to attend the meeting must:
be recorded in the share register maintained by Euroclear Sweden AB on Tuesday 21 April 2015 and notify the company of their intention to attend no later than 4 pm (CET) on Tuesday 21 April 2015
Notice of attendance may be made:
When giving notice of attendance, shareholders must state their name, personal identification number or corporate identification number, address and telephone number, as well as information about any representatives and assistants. Shareholders whose shares are nominee registered must temporarily register the shares in their own name in order to participate in the meeting and exercise their voting rights. Such registration must be made with Euroclear Sweden AB by Tuesday 21 April 2015. Accordingly, the shareholder must inform the nominee in due time before said date. As confirmation of the registration, Lindab International AB will forward an admission pass which shall be presented at registration upon arrival to the meeting.
Shareholders who are represented by proxy must provide a dated proxy form in writing for the representative. Proxy forms are available on the Company website www.lindabgroup.com and are sent by post to shareholders who contact the Company and provide their address. If the proxy is issued by a legal entity, a copy of the registration certificate or equivalent authorisation documents for the legal entity must be attached. To facilitate admission to the meeting, any original proxy forms, registration certificates or other authorisation documents should be submitted to the Company at the address stated above no later than Tuesday 21 April 2015.
Coffee will be served from 3 pm (CET).
| Proposed agenda | |||
|---|---|---|---|
| 1. | Opening of the annual general meeting and election of chairman of the meeting. | ||
| 2. | Preparation and approval of the voting list. | ||
| 3. | Approval of the agenda. | ||
| 4. | Election of two persons to verify the minutes together with the chairman. | ||
| 5. | Determination of whether the meeting has been duly convened. | ||
| 6. | Report by the CEO. | ||
| 7. | Presentation of the annual accounts and the auditors' report, and the consolidated accounts and the auditor's report on the consolidated accounts, for the financial year 2014 and the Auditor's report on whether the guidelines regarding remuneration to senior executives adopted by the Annual General Meeting have been complied with. |
||
| 8. | Resolutions regarding | ||
| a) adoption of the income statement and balance sheet and the consolidated income statement and consolidated balance sheet for the financial year 2014. |
|||
| b) appropriation of the Company's profit pursuant to the adopted balance sheet and resolution regarding record date for dividend. |
|||
| c) discharge from liability for the board of directors and the CEO. |
|||
| 9. | Determination of the number of board members and deputies elected by the annual general meeting. |
||
| 10. | Determination of fees to the members of the board of directors and the auditors. | ||
| 11. | Election of the board of directors. | ||
| 12. | Election of auditor. |
| 13. | Resolution regarding the nomination committee. |
|---|---|
| 14. | Guidelines for remuneration to senior executives. |
| 15. | Authorisation for the board of directors to resolve on transfer of treasury shares. |
| 16. | Closing of the annual general meeting. |
The nomination committee for the annual general meeting 2015, consisting of the chairman Sven Hagströmer, representing Creades AB, Caroline af Ugglas, representing Skandia Livförsäkringsaktiebolag, Peter Rönström, representing Lannebo Fonder and Kjell Nilsson, the chairman of the board, proposes that the chairman of the board, Kjell Nilsson shall be elected as chairman of the annual general meeting.
The board of directors proposes that a dividend of SEK 1.10 per share is resolved for the financial year 2014. As record date for the dividend the board of directors proposes 29 April 2015. If the annual general meeting resolves in accordance with the proposal, the dividend is expected to be distributed by Euroclear Sweden AB on 5 May 2015.
The nomination committee proposes that the number of board members elected by the annual general meeting shall remain unchanged and thus, that the board shall consist of six members without deputies.
The nomination committee proposes that the fees to the board members remain unchanged and consequently that the total fees shall amount to SEK 2.200.000 in accordance with the following: SEK 650,000 to the chairman of the board, SEK 300,000 to each of the other board members elected by the general meeting and SEK 25,000 to each of the ordinary employee representatives.
As the audit committee and the remuneration committee consist of the board in its entirety, no fees shall be determined for any committees.
The nomination committee proposes that the auditors' fees shall be paid in accordance with approved account.
The nomination committee proposes re-election of the board members Sonat Burman-Olsson, Erik Eberhardson and Kjell Nilsson. Stefan Charette and Birgit Nørgaard have declined re-election. The nomination committee proposes election of Per Frankling and Marianne Brismar as new board members.
Marianne Brismar, born in 1961, has a Pharmacist Graduate and BA in Economics and has been Managing director and owner of Atlet AB. She is board member in Wollenius Invest AB, Beijer Alma AB, Concentric AB, Axel Johnsson International AB, Semcon AB and Creades AB. Marianne Brismar holds 5.000 shares in Lindab. As board member in Creades AB, she is considered as being dependent in relation to major shareholder in Lindab.
Per Frankling, born in 1971, holds MBA and MSc degrees and is since February 2015 Managing director in Creades AB. Previously, he was Investment Director at Ratos AB and Management consultant at McKinsey and Arkwright as well as board member in Lindab and i.a. in Inwido, Tornet, Stofa, Nordic Cinema Group, Nebula and Jøtul. Per Frankling does not hold any shares in Lindab. As Managing director in Creades AB, he is considered as being dependent in relation to major shareholders in Lindab.
The nomination committee further proposes the re-election of Kjell Nilsson as chairman of the board.
For the period until the end of the next annual general meeting, the nomination committee proposes the re-election of the registered audit firm Deloitte AB as the company´s auditor. Deloitte AB has informed the company that authorised public accountant Hans Warén shall be lead auditor.
The nomination committee shall consist of at least four members, one of whom shall be the chairman of the board. At the end of the third quarter in 2015, the chairman of the board shall contact the three largest shareholders in the Company and request that they appoint their representative to the nomination committee without delay. If any shareholder refrains from exercising its right to appoint a member of the nomination committee, the right to appoint a member of the nomination committee will pass on to the next largest shareholder that has not appointed a member of the nomination committee. The chairman of the nomination committee shall be the member that has been appointed by the largest shareholder unless the nomination committee decides otherwise. The tasks of the nomination committee shall include evaluation of the board's composition and work, as well as submission of proposals to the annual general meeting regarding:
The mandate period of the nomination committee will run until a new nomination committee is constituted. In the event of a substantial change of ownership in the company during the
mandate period, the nomination committee shall have the right to invite the new major owner representation in the nomination committee. If a member appointed by a shareholder resigns during the mandate period, the shareholder in question shall have the right to appoint a new member within a time frame as decided by the nomination committee.
The composition of the nomination committee will be made public at least six months prior to the annual general meeting 2016. The members of the nomination committee receive no remuneration from the Company, but shall have the right to reimbursements from the Company for reasonable expenses.
The board proposes that the annual general meeting resolves on guidelines for remuneration to senior executives, principally entailing that remuneration to senior executives shall be based upon the market conditions in which the Company operates and the environment in which each of the executives works, be competitive, enable the company to recruit new executives and motivate senior executives to remain with the company.
The remuneration system will comprise the following elements; fixed salary, variable salary, pensions and benefits according to below.
Fixed salary and benefits should be established individually based on the criteria outlined above and each of the executive's individual skills.
Variable salary shall be paid upon fulfilment of clearly fixed targets for the Group. The variable salary shall be paid as a percentage of the fixed salary and shall have a fixed cap not exceeding 50 percent of the fixed salary.
The pension shall be a defined-contribution plan. The extent of the pension shall be based on the same criteria as for fixed remuneration and shall be based on the fixed and on the variable salary.
The board shall be entitled to deviate from the guidelines in an individual case, if there are specific grounds for this. The board has not used this mandate during 2014.
The board proposes that the annual general meeting 2015 authorises the board to resolve on transfer of the company's treasury shares on the following terms and conditions:
place at a market value appraised by the board. Consideration for the transferred shares in connection with the acquisition of a company may be made by contribution in kind or by means of set off.
Lindab´s existing holding of treasury shares amounts to 2 375 838 shares, which corresponds to three (3) per cent of the total number of shares in the company.
The purpose of the authorisations above is to facilitate the financing of acquisitions by the utilisation of the company's treasury shares.
Transfer of treasury shares in accordance with the company's previously adopted incentive programs are made in accordance with the respective resolutions from the annual general meetings and do not fall within the proposed authority.
If the transfer cannot be made according to the above, the company may resolve to cancel the shares by reducing the company's share capital without payment to the shareholders.
In order for this resolution to be valid, it must be supported by shareholders representing at least two thirds of both the votes cast and the shares represented at the general meeting.
The annual report for 2014, the auditors' report and the board's complete proposals regarding the agenda items 8 b) and 14-15 as well as related documents will be available at the Company's offices as well as on the Company's website www.lindabgroup.com no later than on Thursday 2 April 2015. Copies will be sent to shareholders upon request and the annual report for 2014, the auditors' report and the board's complete proposals and related documents will also be available at the annual general meeting.
The total number of shares and votes in the Company amounts to 78 707 820. Lindab International AB holds 2,375,838 treasury shares, for which the company cannot exercise any voting rights.
At the annual general meeting, the board and the CEO shall, if a shareholder so requests and the board is of the opinion that it is possible without any substantial damage for the company, present information on: (i) matters which may affect an item on the agenda, (ii) matters which may affect the company's or any subsidiary's financial situation or (iii) the relationship between the company and another group company. A shareholder who so requests may send questions in advance by post to Lindab International AB (publ), "Annual General Meeting", 269 82 Båstad or by email to [email protected].
Båstad in March 2015
The board of directors
Lindab International AB (publ)
English convenience translation of Swedish original. In case of discrepancies between the Swedish original and the English translation, the Swedish original shall prevail.
| --------------------------------------------------------------------------------------------------------------------- | ||
|---|---|---|
| Shareholders' personal ID number / organisation number 1) | ||
| --------------------------------------------------------------------------------------------------------------------- Name |
||
| --------------------------------------------------------------------------------------------------------------------- Street address |
||
| --------------------------------------------------------------------------------------------------------------------- Postal code and city --------------------------------------------------------------------------------------------------------------------- |
||
| Telephone (office hours) --------------------------------------------------------------------------------------------------------------------- |
||
| Assistants (max. two persons) | ||
| 1) In order to ensure that your registration is handled correctly, please ensure that the personal ID number/ organisation number is stated. |
||
| Participating with voting rights (directly registered shareholders ) |
||
| Represented by proxy pursuant to the proxy form below | ||
| The registration form must be received by Lindab no later than on Tuesday 21 April 2015. |
Mark the envelope: REPLY PAID/RESPONSE PAYEE SWEDEN/SUEDE Lindab AB SE-269 20 Båstad
The following shall represent my/our shares in the Company at the Annual General Meeting of Lindab International AB (publ) on 27 April 2015
| Name of proxy | ------------------------------------------------------------------------------------------------------------------------------- | ||
|---|---|---|---|
| Street address | ------------------------------------------------------------------------------------------------------------------------------- | ||
| Postal code and city | ------------------------------------------------------------------------------------------------------------------------------- | ||
| Telephone (office hours) | ------------------------------------------------------------------------------------------------------------------------------- | ||
| The proxy will also be participating in the meeting in respect of his/her own shares | |||
| Personal ID number of the proxy________ | |||
| ------------------------------------------------------------------------------------------------------------------------------- Place and date (the proxy form must be dated) |
|||
| ------------------------------------------------------------------------------------------------------------------------------- Signatory of the Grantor of the proxy (company signatory where applicable) |
|||
| ------------------------------------------------------------------------------------------------------------------------------- name and Personal No / Registration No of the Grantor |
|||
| Authorisation documents (certificate of registration or similar which validates the authority of the signatory) should also be attached to proxies issued by legal entities. |
|||
| than on Tuesday 21 April 2015. | The registration and an original proxy form must be received by Lindab no later | ||
| Mark the envelope: | REPLY PAID/RESPONSE PAYEE SWEDEN/SUEDE Lindab AB |
SE-269 20 Båstad
Lindab AB SE-269 20 Båstad
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.