Bulletin from Gunnebo AB’s Annual General Meeting 2016

Gunnebo AB's Annual General Meeting 2016 was held in Gothenburg on April 12.

Adoption of the profit and loss statement and balance sheet
The profit and loss statements and the balance sheets of the parent company and the Group for the financial year 2015 were approved.

Dividend
In accordance with the proposal of the Board, it was decided on a dividend to the shareholders of SEK 1.00 per share (previous year SEK 1.00) and that Thursday, April 14, 2016, shall be the record date for receipt of the dividend.

Election of the Board of Directors
Tore Bertilsson, Göran Bille, Charlotte Brogren, Bo Dankis, Eva Elmstedt, Mikael Jönsson and Martin Svalstedt were re-elected as members of the Board of Directors. Martin Svalstedt was re-elected as Chairman of the Board.

Board fees
The AGM decided on a total fee to the Board of Directors for 2016 amounting to SEK 2,000,000, to be divided with SEK 500,000 to the Chairman of the Board (including remuneration for committee work) and with SEK 250,000 to each of the other Board members elected by the shareholders, and a special fee for committee work amounting to SEK 50 000 for the respective chairman of the Audit Committee and the Remuneration Committee and SEK 30 000 each to other committee members.

Nomination Committee
The AGM approved the proposal presented regarding the Nomination Committee and its tasks.

Election of the Auditor
The AGM re-elected the registered auditing company Deloitte AB for the period until the end of the Annual General Meeting of the Shareholders 2017.

Principles for remuneration to senior executives
The AGM approved the Board’s proposal regarding principles for remuneration to senior executives.

Authorisation for the Board to decide on new share issue
The AGM approved the Board’s proposal regarding an authorization for the Board to decide upon a new share issue in connection with company acquisitions.

Comments from the President’s address to the AGM
In his address to the AGM, Gunnebo’s President & CEO Henrik Lange shared an updated view on the Group’s customers, offering and new launches during 2015. He then reviewed the results for 2015 by region. Thereafter he summarized the overall activities that the Group will have in focus into 2020:

“Gunnebo's journey towards profitable growth is about leaving behind the 'island mentality' where sales companies are still to a large extent running daily business according to local processes. This has resulted in an unsatisfactory level of profitability and a lack of focus on cash flow. To become a profitable company, we will therefore focus heavily over the next four years on finding an efficient and standardised way of doing business.

"In addition, we will utilise our technologies to capture growth in a better way, improve our work with key accounts and service delivery, strengthen our value chain, focus on productivity, and - last but not least - attract and retain good employees.

"Both myself and the Group Executive Team are convinced that these activities will contribute to better customer focus, increased profitability and an improved cash flow."

GUNNEBO AB (publ)
Group Communications

For further information, please contact:

Henrik Lange, President & CEO, tel: +46 10 2095 000, or
Karin Wallström, Marketing & Communication Director, tel: +46 708 283339, Karin.wallstrom@gunnebo.com

www.gunnebogroup.com

Gunnebo discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 19.05 CET on April 12, 2016.

The Gunnebo Group is a global leader in security products, services and solutions with an offering covering cash management, safes and vaults, entrance security and electronic security for banks, retail, CIT, mass transit, public & commercial buildings and industrial & high-risk sites.

The Group has an annual turnover of €660 million, employs 5,500 people and has sales companies in 32 countries across Europe, Middle East & Africa, Asia-Pacific and the Americas as well as Channel Partners on over 100 additional markets.

We make your world safer.

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The Gunnebo Group is a global leader in security products, services and solutions with an offering covering cash management, safes and vaults, entrance security and electronic security for banks, retail, mass transit, public & commercial buildings and industrial & high-risk sites. The Group has an annual turnover of MSEK 6,000, employs 5,200 people and has sales companies in 28 countries across Europe, Middle East & Africa, Asia-Pacific and the Americas as well as Channel Partners on over 100 additional markets. We make your world safer.

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