Decisions at the AGM of Eniro AB (publ)

Today, 27 April 2016, the Annual General Meeting (“AGM”) of Eniro AB (publ) was held and resolved inter alia on a new board and to establish warrant programme 2016 A and B. The following summarises the main decisions taken by the AGM.

The AGM resolved upon inter alia the following:

1. Adoption of the income statement and balance sheet, as well as the consolidated income statement and the consolidated balance sheet for 2015.
2. Appropriation of the parent company’s result in accordance with the Board of Director’s proposal, e.g. a dividend on preference shares amounting to SEK 48 per preference share, which corresponds to MSEK 48, to be paid in quarterly instalments of SEK 12 until the end of the next annual general meeting and no dividend on ordinary shares.
3. Discharge of the directors and the CEO from personal liability towards the company.
4. The establishment of warrant programme 2016 A and B, respectively for members of the Board of Directors and senior executives, entailing inter alia a directed issue of 19,850,000 warrants with the right to subscribe for ordinary shares at a subscription price of SEK 1.32 to a wholly-owned subsidiary of Eniro with a subsequent transfer to the Board of Directors and senior executives in accordance with the nomination committee’s proposal. The subsidiary has subscribed for all warrants in conjunction with the AGM and the warrants will be offered to the participants at market price in accordance with the warrant programmes.
5. The remuneration to the Board of Directors should comprise an amount of SEK 1,100,000 payable to the chair of the Board of Directors and SEK 420,000 payable to each of the other directors elected at a general meeting, SEK 150,000 to the chair of the audit committee, SEK 75,000 per member to each of the other members of the audit committee, SEK 150,000 to the chair of the remuneration committee and SEK 75,000 per member to each of the other members of the remuneration committee. Remuneration to the auditor will be paid in accordance with approved invoices.
6. New election of Björn Björnsson, Ola Salmén, Joachim Berner and Örjan Frid as members of the Board of Directors. Further, Björn Björnsson was elected as chair of the Board of Directors.
7. Re-election of the authorised accounting firm PricewaterhouseCoopers AB as auditor.
8. Establishment of a new nomination committee prior to the AGM 2017 in accordance with the nomination committee’s proposal.
9. Guidelines for remuneration to senior executives in accordance with the Board of Director’s proposal.

Information regarding the newly elected board members

Björn Björnsson, Civ. Economist

Born 1946
Chair of the Board of Directors

Björn Björnsson is one of Sweden’s most experienced Board members. He has a background as financial analyst, investment manager and advisor. He has had several Board assignments in Swedish companies, amongst other things, served as chair in Bure Equity up until 2012 and before then he has been a member of the Board of Directors of E Öhman Jr, Skandia, Billerud and JM and others.

Björn Björnsson is currently a member of the Board of Directors of, amongst others, H Lundén AB, Solidium AB and is currently chair of the Board of Directors of Swiss Cape Capital.

Joachim Berner, Civ. Economist

Born 1962
Director

Joachim Berner has a background from businesses where media is combined with investment business. Since several years he is the CEO of Christian Berner Invest AB, but has also served as editor in chief at both Dagens Nyheter as well as Expressen. Also, Joachim has held the position as managing editor at Göteborgsposten and Privata Affärer. In addition, Joachim has also held the position as CEO at one of Sweden’s leading advertising firms, Lowe Brindfors.

Joachim Berner is currently chair of the Board of Directors in, among others, Lokaltidningen Mitt i Stockholm AB and Handelshögskolan i Göteborg and member of the Board of Directors of, amongst others, Yrkesakademin AB and NHST Media Group i Oslo.

Örjan Frid, Civ. Economist

Born 1954
Director

Örjan Frid has more than 25 years of turn-around work in a great number of Swedish companies in various businesses. He has served as interim CEO, COO and project manager in organisations subject to great transformations and restructuring. He has, amongst other things, served as CEO of Patria Helicopters AB, Eneas Energy AB and Trade Doubler AB. Also, he has held leading positions within transformation work at, amongst others, Camfill, Teligent and Cybercom.

Ola Salmén, Civ. Economist

Born 1954
Director

Ola Salmén has a strong financial competence and experience from positions as, amongst others, CFO in Swedish industrial and service companies such as Sandvik and Vin & Sprit. During his long career he has also held positions at Handelsbanken, Stora Financial Services, Swedish Match Finance International and worked as auditor.

Ola Salmén is currently a member of the Board of Directors of the education company Lernia AB and the infrastructure company Svevia AB.

Eniro AB (publ) is required to make this information public in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was released for publication on  April 27, 2016, at 16.00 PM (CET). 

For further information, please contact:

Fredrik Sandelin, CFO, tel: +46 (0) 72-157 29 07, e-mail: ir@eniro.com

Eniro is a leading search company for individuals and businesses in the Nordic region. With quality-assured content and an unrivalled user experience Eniro inspires local discoveries and makes local communities thrive. Eniro's content is available through internet and mobile services, printed directories, directory assistance and SMS services. Each week Eniro Group’s digital services have 8.1 million unique visitors who perform
14.5 million searches. Eniro Group has about 2,000 employees and operations in Sweden, Norway, Denmark, Finland and Poland. The company is listed on Nasdaq OMX Stockholm [ENRO] and headquartered in Stockholm. In 2015, revenues amounted to SEK 2,438 m, with a profit before depreciation (EBITDA)
of SEK 383m.

More on Eniro at www.enirogroup.com.