Swedbank's Annual General Meeting 2018
Today's Annual General Meeting adopted that there shall be ten board members and to elect Anna Mossberg and to re-elect Bodil Eriksson, Ulrika Francke, Mats Granryd, Lars Idermark, Bo Johansson, Peter Norman, Annika Poutiainen, Siv Svensson and Magnus Uggla. The Annual General Meeting elected Lars Idermark as Chairman of the Board of Directors. The Annual General Meeting also adopted new Articles of Association and Deloitte AB was elected as auditor for the period until the end of the 2019 Annual General Meeting.
Ulrika Francke was elected Deputy Chair at the Board of Directors' statutory meeting held directly after the Annual General Meeting. The statutory meeting also decided that the Risk and Capital Committee shall consist of Magnus Uggla, Chair, Lars Idermark, Ulrika Francke, Peter Norman, Bo Johansson and Siv Svensson. The Audit Committee shall consist of Siv Svensson, Chair, Ulrika Francke, Mats Granryd, Peter Norman and Annika Poutiainen. The Remuneration Committee shall consist of Lars Idermark, Chair, Ulrika Francke, Bodil Eriksson and Anna Mossberg.
The Annual General Meeting adopted the following fees:
- Chair of the Board of Directors to SEK 2 540 000 (SEK 2 460 000),
- Deputy Chair of the Board of Directors to SEK 850 000 (SEK 825 000),
- Other Board members to SEK 570 000 (SEK 550 000),
- Chair of the Board's Audit Committee to SEK 360 000 (SEK 350 000),
- Other members of the Board's Audit Committee to SEK 232 500 (SEK 225 000),
- Chair of the Board's Risk and Capital Committee to SEK 410 000 (SEK 400 000),
- Other members of the Board's Risk and Capital Committee to SEK 230 000 (SEK 225 000), and
- Chair and other members of the Board's Remuneration Committee to SEK 102 500 (SEK 100 000).
Auditor’s fee shall be payable by approved account.
Profit and loss account and balance sheet and dividend
The Annual General Meeting decided to adopt the profit and loss account and balance sheet of the bank and the consolidated profit and loss account and consolidated balance sheet for the financial year 2017.
The Annual General Meeting decided that the dividend for fiscal year 2017 distributed to shareholders shall be SEK 13.00 per ordinary share. The dividend cut-off date was set at 26 March 2018. Given the cut-off date, the dividend will be distributed by Euroclear on 29 March 2018.
In addition, the Annual General Meeting adopted the following:
- The members of the Board of Directors were granted discharge of liabilities, including the Chair of the Board of Directors and the CEO.
- Decision on principles for the appointment of the Nomination Committee.
- Decision on the guidelines for remuneration to top executives
- Decision to acquire own shares in accordance with the Securities Market Act
- Decision on authorization for the Board of Directors to decide on the acquisition of own shares in addition to acquisition in accordance with the Securities Market Act
- Decision on authorization for the Board of Directors to decide on the issuance of convertible debentures
- Approval of share-based remuneration program for 2018 for the Swedbank Group - partly a general 2018 program and partly an individual 2018 program - as well as a decision regarding the transfer of ordinary shares etc. under the 2018 programs and programs adopted by previous Annual General Meetings.
Lars Idermark’s and Birgitte Bonnesen’s speeches to the Annual General Meeting will be available on Swedbank's website, swedbank.com/agm
For further information, please contact:
Gregori Karamouzis, Head of Investor Relations, tel. + 46 72 740 63 38
Josefine Uppling, Head of Press Office, tel. +46 76 114 54 21
Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. Our vision is to contribute to development “Beyond Financial Growth”. As a leading bank in the home markets of Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has over 7 million retail customers and around 625 000 corporate customers and organisations with 218 branches in Sweden and 133 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. As of 6 February, 2018 the group had total assets of SEK 2 213 billion.
Read more at www.swedbank.com