Annual General Meeting in Skanska AB
The following resolutions were made at Skanska AB’s Annual General Meeting held in Stockholm today, inter alia:
The dividend for 2016 was approved in accordance with the Board’s proposal of SEK 8.25 per share. The record date for the dividend is April 6, 2017.
The Meeting resolved to increase the number of Board members elected by the Annual Meeting from eight to nine with no deputy members.
The Meeting re-elected Johan Karlström, Pär Boman, John Carrig, Nina Linander, Fredrik Lundberg, Jayne McGivern, Charlotte Strömberg and Hans Biörck as Board members. The Meeting elected Catherine Marcus as a new Board member.
Hans Biörck was re-elected as Chairman of the Board.
Further the Meeting approved the following Board fees:
Chairman of the Board: 2,040,000 SEK
Board members: 680,000 SEK
Chairman of the Audit Committee: 220,000 SEK
Members of the Audit Committee: 157,500 SEK
Chairman of the Compensation Committee: 110,000 SEK
Members of the Compensation Committee: 105,000 SEK
Chairman and members of the Project Review Committee: 205,000 SEK
The Meeting re-elected EY as auditor, the auditor in charge will be Hamish Mabon.
The Meeting approved the Board’s proposal for principles for salaries and other remuneration to senior executives.
The Meeting resolved to authorize the Board during the period until the next Annual General Meeting to acquire not more than 3,000,000 Series B shares in Skanska. The intention is to secure delivery of shares to the participants in Skanska’s employee ownership program, which was approved by the Annual General meeting on April 6, 2016 (2017 – 2019) Seop 4.
The Meeting resolved to authorize the Board during the period until the next Annual General Meeting to transfer not more than 763,000 Series B Shares in Skanska that have been purchased by virtue of previous authorizations to repurchase own shares, for the purpose of covering certain costs, that may occur in relation to Skanska’s employee ownership program, resolved by the Annual General Meeting on April 11, 2013 (2014 – 2016) Seop 3.
For further information please contact:
André Löfgren, Vice President Investor Relations, Skanska AB, tel +46 (0)10 448 13 63
Direct line for media, tel +46 (0)10-448 88 99
This and previous releases can also be found at www.skanska.com/media
Skanska is one of the world’s leading construction and project development companies, focused on selected home markets in the Nordics, Europe and USA. Supported by global trends in urbanization and demographics, and by being at the forefront in sustainability, Skanska offers competitive solutions for both simple and the most complex assignments, helping to build a sustainable future for customers and communities. The Group currently has about 41,000 employees. Skanska's sales in 2016 totaled SEK 151 billion.