Resolutions at Axfood’s 2024 Annual General Meeting

The Annual General Meeting (AGM) re-elected all proposed directors and elected Thomas Ekman as the new Chairman. The AGM also decided to pay a dividend of SEK 8.50 per share and to introduce an additional long-term incentive programme.

The AGM of Axfood Aktiebolag (publ) was held on 20 March 2024.

Adoption of the income statement and balance sheet and of the consolidated income statement and consolidated balance sheet
The AGM voted in favour of adopting the income statement and balance sheet for the Parent Company and the Group for the 2023 financial year.

Discharge from liability
The AGM discharged the Board of Directors and CEO from responsibility for the 2023 financial year. 

Dividend
The AGM resolved in favour of a dividend of SEK 8.50 per share. The dividend amount will be divided into two equal payments of SEK 4,25 each. The record dates for the payments are Friday, 22 March and Friday, 20 September 2024. The expected dates for payment of the dividends are Wednesday, 27 March and Wednesday, 25 September 2024. The last dates for trading in the company’s shares, including the right to dividends, are Wednesday, 20 March and Wednesday, 18 September 2024.

Remuneration report
The AGM approved the Board’s remuneration report for 2023.

Fees to the directors and other committee members
The AGM resolved that directors’ fees are to amount to SEK 820,000 for the Chairman of the Board and SEK 525,000 for each of the other AGM-elected non-executive directors. In addition to the director’s fees, additional fees shall amount to SEK 230,000 for the Chairman of the Audit Committee, to SEK 105,000 for other members of the Audit Committee, to SEK 75,000 for the Chairman of the Remuneration Committee and to SEK 50,000 to other members of the Remuneration Committee. In addition to directors’ fees, an additional SEK 20,000 per physical Board meeting that takes place in Stockholm for attending directors who do not live in Sweden.

Auditor’s fees shall be in accordance with approved invoices.

Board of Directors
The AGM resolved that the number of directors elected by a general meeting shall be seven without any deputies. Fabian Bengtsson, Caroline Berg, Mia Brunell Livfors, Thomas Ekman, Christian Luiga, Peter Ruzicka and Sara Öhrvall were re-elected as directors. Thomas Ekman was elected as new Chairman of the Board.

Auditors
The AGM re-elected Deloitte AB as the auditor for the period until the end of the 2026 AGM. Didrik Roos will continue as chief auditor.

Nominating Committee
The AGM resolved to adopt revised guidelines for Axfood’s Nominating Committee, to apply until new instructions have been adopted.

Long-term share-based incentive programme (LTIP)

LTIP 2024

The AGM resolved in favour of establishing a long-term share-based incentive programme (LTIP 2024). The main motives for establishing LTIP 2024 are to align the interests of the members of the Executive Committee and other key persons with the shareholders’ interests in ensuring maximum long-term value creation and to encourage personal shareholding in Axfood. Furthermore, it is believed that LTIP 2024 will aid Axfood in recruiting and retaining persons for the Executive Committee and other key persons.

LTIP 2024 includes approximately 85 employees, consisting of the members of Axfood’s Executive Committee, members of the management teams of Axfood’s subsidiaries, and certain other persons in management functions. Participation in LTIP 2024 requires a personal shareholding in Axfood. After the set vesting period, the participants will be allotted shares in Axfood free of charge provided that certain conditions are met. The maximum number of shares in Axfood that may be allotted under LTIP 2024 shall be limited to 385,000, which corresponds to approximately 0.2% of the total number of shares and votes in the company.

Purchase of own shares and transfer of treasury shares

The AGM also resolved to authorise the Board to, on one or more occasions during the period up until the next AGM, decide on purchases of no more than 385,000 own shares. Purchases may be made for the purpose of securing the Company’s obligations under LTIP2024 and any other share-based incentive programmes that may exist at any given time pursuant to a resolution by a general meeting of shareholders. The AGM also resolved to transfer no more than 385,000 Axfood shares to participants in LTIP2024 who, according to the terms for LTIP2024, are entitled to receive shares.

At a statutory Board meeting after the AGM, the Board decided to exercise the authorisation granted to it by the AGM to purchase own shares.

Complete information and resolutions
All resolutions were in accordance with the proposals to the AGM made by the Board or the Nominating Committee. Complete information about the Board’s resolutions is available on the company’s website, www.axfood.com.



For further information, please contact:
Alexander Bergendorf, Head of Investor Relations, Axfood AB, tel +46 730 49 18 44, alexander.bergendorf@axfood.se



This document is an English translation of the Swedish original. In the event of any discrepancies, the Swedish version shall govern.


 

Axfood aspires to be the leader in good and sustainable food. Our family of companies includes the store chains Willys and Hemköp as well as Tempo, Handlar’n and Matöppet. B2B sales are handled through Snabbgross, and our support company Dagab is responsible for the Group's product development, purchasing and logistics. The Axfood family also includes Middagsfrid and Urban Deli as well as the partly owned companies Apohem, Eurocash and City Gross. Together the Group has more than 13,000 employees and sales of more than SEK 80 billion. Axfood has been listed on Nasdaq Stockholm since 1997, and the principal owner is Axel Johnson AB. Read more at www.axfood.com.