Bulletin from the Annual Shareholders’ Meeting of  Dometic Group AB (publ)

The annual shareholders’ meeting of Dometic Group AB (publ) was held on Tuesday, April 10, 2018 in Stockholm.

Income Statement and Balance Sheet and Discharge of Liability

The annual shareholders’ meeting adopted the income statement and balance sheet and the consolidated income statement and balance sheet for the financial year 2017 as presented. The members of the board of directors and the company’s CEO were discharged from liability in respect of their management of the company’s business during the period covered by the annual report. 

Dividend

In accordance with the proposal by the board of directors, the annual shareholders’ meeting resolved on a dividend to the shareholders of SEK 2.05 per share. It was further resolved that the record date for the dividend should be Thursday, April 12, 2018, which means that the dividend is expected to be distributed by Euroclear Sweden AB on Tuesday April 17, 2018.

Board of Directors and External Auditor 

In accordance with the proposal by the nomination committee, the annual shareholders’ meeting resolved that the board of directors shall consist of seven members with no deputies and that the company shall have a registered auditing firm as auditor, without deputy auditor.

In accordance with the proposal by the nomination committee, the board members Fredrik Cappelen, Erik Olsson, Heléne Vibbleus, Jacqueline Hoogerbrugge, Magnus Yngen, Peter Sjölander and Rainer E. Schmückle were re-elected as members of the board of directors for the period up to the end of the 2019 annual shareholders’ meeting. In accordance with the proposal by the nomination committee, Fredrik Cappelen was re-elected as chairman of the board of directors.

In accordance with the proposal by the nomination committee, the auditing firm PricewaterhouseCoopers AB was re-elected as auditor for the period until the end of the 2019 annual shareholders’ meeting. The authorized public accountant Anna Rosendal shall be the new auditor in charge.

Fees and Remuneration Guidelines

In accordance with the proposal by the nomination committee, the annual shareholders’ meeting resolved that remuneration to the board of directors for the period up until the 2019 annual shareholders’ meeting shall be paid in a total amount of not more than SEK 3,700,000 (including remuneration for committee work), distributed as follows: SEK 850,000 to the chairman of the board of directors and SEK 400,000 to each of the other members of the board of directors. Remuneration for committee work shall be paid with in total a maximum of SEK 450,000, whereof SEK 200,000 shall be allocated to the audit committee (whereof SEK 100,000 to the chairman of the committee and SEK 50,000 to each of the other members) and SEK 250,000 to the remuneration committee (whereof SEK 100,000 to the chairman of the committee and SEK 50,000 to each of the other members).

In accordance with the proposal by the nomination committee, it was resolved that remuneration to the auditor shall be paid in accordance with approved invoices within the auditor’s quotation.

The annual shareholders’ meeting resolved to adopt guidelines for remuneration for the CEO and the Group Management for the period until the 2019 annual shareholders’ meeting in accordance with the proposal of the board of directors.

Acquisition of own shares

The annual shareholders’ meeting authorized the board of directors to resolve to acquire, on one or several occasions until the next annual shareholders’ meeting, up to such number of shares that, following each acquisition, the company holds at a maximum 10% of all shares issued by the company. The shares shall be purchased on Nasdaq Stockholm at a price per share at each time within the prevailing price interval for the share. Payment for the shares shall be made in cash. The purpose of the authorization is to be able to adapt the company’s capital structure, thereby contributing to increase shareholder value.

Nomination Committee

The annual shareholders’ meeting resolved to adopt principles for appointment of the nomination committee for the 2019 annual shareholders’ meeting in accordance with the proposal of the nomination committee. In summary, the principles provide that the nomination committee shall be composed of the chairman of the board of directors together with one representative of each of the three largest shareholders, based on ownership in the company as of August 31.
   

Minutes from the annual shareholders’ meeting will be published on www.dometic.com no later than April 24, 2018.

A video of the CEO and President Juan Vargues’ address at the annual shareholders’ meeting (Swedish only), together with a transcript (Swedish and English), will be available shortly at www.dometic.com.
  

FOR FURTHER INFORMATION, PLEASE CONTACT
Johan Lundin, Head of Investor Relations & Communications
Phone: +46 8 501 025 46, Email: ir@dometic.com
   

ABOUT DOMETIC
Dometic is a global market leader in branded solutions for mobile living in the areas of Climate, Hygiene & Sanitation and Food & Beverage. Dometic operates in the Americas, EMEA and Asia Pacific, providing products for use in recreational vehicles, trucks and premium cars, pleasure and workboats, and for a variety of other uses. Dometic offer products and solutions that enrich people’s experiences away from home, whether in a motorhome, caravan, boat or a truck. Our motivation is to create smart and reliable products with outstanding design. We operate 28 manufacturing/assembly sites in eleven countries, sell our products in approximately 100 countries and manufacture approximately 85% of products sold in-house. We have a global distribution and dealer network in place to serve the aftermarket. Dometic employs approximately 8,800 people worldwide, had net sales of SEK 14.0 billion in 2017 and is headquartered in Solna, Sweden.

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About Us

Dometic is a global market leader in branded solutions for mobile living in the areas of Climate, Hygiene & Sanitation, Food & Beverage, Power & Control and Safety & Security. Dometic operates in the Americas, EMEA and Asia Pacific, providing products for use in recreational vehicles, trucks and premium cars, pleasure and workboats, and for a variety of other uses. Dometic offer products and solutions that enrich people’s experiences away from home, whether in a motorhome, caravan, boat or a truck. Our motivation is to create smart and reliable products with outstanding design. We operate 28 manufacturing/assembly sites in eleven countries and sell our products in approximately 100 countries. We have a global distribution and dealer network in place to serve the aftermarket. Dometic employs approximately 8,800 people worldwide, had net sales of SEK 14.0 billion in 2017 and is headquartered in Solna, Sweden.

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