Bulletin from the Annual General Meeting in Dustin Group 2016/17
Dustin Group AB (publ) (”Dustin” or the ”Company”) today held its Annual General Meeting (the "AGM"). The AGM resolved in accordance with all proposals by the Board and the Nomination Committee.
The AGM re-elected Caroline Berg, Mia Brunell Livfors, Gunnel Duveblad, Johan Fant, Tomas Franzén and Mattias Miksche as directors of the Board and elected Morten Strand as new director of the Board. Mia Brunell Livfors was elected as new Chairman of the Board. The AGM re-elected the registered accounting firm EY as auditor until the close of the 2017/18 AGM. Jennifer Rock Baley will continue as auditor-in-charge.
The AGM approved the annual report for 2016/17 and resolved on a dividend of SEK 2.80 per share. The record date was decided to be Friday 15 December 2017. The dividend is estimated to be paid out to the shareholders on Wednesday 20 December 2017.
The AGM discharged the directors of the Board and the CEO from liability for the financial year 2016/17.
The AGM also resolved to:
- approve remuneration to the Board and auditor and procedures for the Nomination Committee;
- approve guidelines for the remuneration to senior executives as well as the principles and scope for Dustin's long term share-related incentive plan 2018. The Incentive plan consists of an issue of not more than 1,017,956 warrants, distributed in one series, within the scope of an employee incentive plan for group management and other key employees. In total, approx. 35 persons will be invited to participate in the plan. The warrants shall be subscribed for by the wholly-owned subsidiary Dustin AB, which shall transfer the warrants to employees within the group. The transfer of the warrants to the participants shall be made at a price corresponding to the market value of the warrant. Based on the current number of shares and votes outstanding in the Company, the proposed incentive plan implies, upon exercise of all 1,017,956 warrants, a full dilution corresponding to approximately 1.32 per cent of the total number of shares and votes in the Company. The incentive plan also gives participants in Norway a possibility to participate in a synthetic option plan. Information about Dustin’s current incentive plans is available in the annual report and on the Company’s website, www.dustingroup.com.
For further information, please contact:
Fredrik Sätterström, Head of Investor Relations firstname.lastname@example.org, +46 705 10 10 22
Dustin is one of the leading Nordic resellers of IT products with associated services to companies, the public sector and private individuals. With its core business in e-commerce, Dustin functions as a bridge between the manufacturer’s wide-ranging offerings and customer requirements, in which Dustin’s employees support customers in finding the appropriate solution for them.
Dustin is a one-stop-shop that offers some 250,000 products with associated services, features and solutions. Operations are conducted in Sweden, Denmark, Norway and Finland.
The company has approximately 1 000 employees. Sales during the 2016/17 financial year amounted to approximately SEK 9.3 billion. About 90 per cent of Dustin’s income derives from the corporate market with a focus on small and medium-sized companies. Dustin Group has been listed on Nasdaq Stockholm since 2015 and has its head office in Nacka, Stockholm.