Bulletin from Gunnebo AB’s Annual General Meeting 2017

Gunnebo AB's AGM took place on Wednesday, 5 April 2017 in Gothenburg, Sweden.

Adoption of the profit and loss statement and balance sheet
The profit and loss statements and the balance sheets of the parent company and the Group for the financial year 2016 were approved.

Dividend
In accordance with the proposal of the Board, it was decided on a dividend to the shareholders of SEK 1.20 per share for 2016 (previous year SEK 1.00) and that Friday April 7, 2017, shall be the record date for receipt of the dividend.

Election of the Board of Directors
Göran Bille, Charlotte Brogren, Bo Dankis, Eva Elmstedt, Mikael Jönsson and Martin Svalstedt were re-elected as members of the Board of Directors. Anna Borg was elected as new member of the Board of Directors. Martin Svalstedt was re-elected as Chairman of the Board.

Board fees
The AGM decided on a total fee to the Board of Directors for 2017 amounting to SEK 2,000,000, excluding fees to committees, to be divided with SEK 500,000 to the Chairman of the Board (including remuneration for committee work) and with SEK 250,000 to each of the other Board members elected by the shareholders, and a special fee for committee work amounting to SEK 50 000 for the respective chairman of the Audit Committee and the Remuneration Committee and SEK 30 000 each to other committee members.

Nomination Committee
The AGM approved the proposal presented regarding the Nomination Committee and its tasks.

Election of the Auditor
The AGM re-elected the registered auditing company Deloitte AB for the period until the end of the 2018 Annual General Meeting.

Principles for remuneration to senior executives
The AGM approved the Board’s proposal regarding principles for remuneration to senior executives.

Long-term share based incentive program (LTI 2017/2021)
The AGM approved the Board’s proposal regarding the implementation of a long-term share based incentive program (LTI 2017/2021) and hedging arrangements in respect thereof by authorising the Board to resolve on a directed issue of shares of series C (with 1/10 vote and without dividend rights) to a third party, to repurchase those shares and transfer of ordinary shares to participants in the program.

The program comprises 20 participants employed within the Group, including the CEO. In brief, LTI 2017/2021 means that the participants will receive, subject to the performance and development of three dfferent performance conditions during the financial year 2017, shares free of charge on the allotment day, which will occur after the 2021 Annual General Meeting but before June 30, 2021. The maximum number of shares that may be received shall correspond to 20 percent of the participant’s actually paid salary 2017, however with certain limitations regarding the maximum number of shares that can be allotted to each participant. Receivement of shares is conditional upon the participant being employed within the group until the expiration of 2020.

The program means that the participants may be allotted a maximum of 212,986 shares (an additional 53,247 shares are for hedging the costs of social security contributions) and the maximum cost for LTI 2017/2021 is estimated to approximately MSEK 8.5.

Authorisation for the Board to decide on new share issue
The AGM approved the Board’s proposal regarding an authorization for the Board to decide upon a new share issue in connection with company acquisitions.

GUNNEBO AB (publ)
Group Communications

For further information, please contact:
Henrik Lange, President & CEO, tel: +46 10 2095 000, or
Karin Wallström Nordén, SVP Marketing & Communications, tel: +46 708 283339 or
e-mail: Karin.wallstrom@gunnebo.com

The Gunnebo Group is a global leader in security products, services and solutions with an offering covering cash management, safes and vaults, entrance security and electronic security for banks, retail, mass transit, public & commercial buildings and industrial & high-risk sites.

The Group has an annual turnover of MSEK 6,100, employs 5,600 people and has sales companies in 28 countries across Europe, Middle East & Africa, Asia-Pacific and the Americas as well as Channel Partners on over 100 additional markets.

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