NCC AB’s Annual General Meeting on March 24, 2015
The Annual General Meeting of NCC AB shareholders will be held on Tuesday, March 24, 2015 at Grand Hôtel, Vinterträdgården in Stockholm. The Meeting will start at 4:30 p.m. and registration will commence at 3:30 p.m.
The Board proposes that the Meeting approve a dividend of SEK 12.00 per share for the 2014 fiscal year, divided into two payments, whereby SEK 6.00 will be paid on the first date of payment and SEK 6.00 will be paid on the second date of payment.
The Board proposes that the record date for the first dividend payment be Thursday, March 26, 2015. If the Meeting approves the motion, it is estimated that a dividend of SEK 6.00 per share will be distributed from Euroclear Sweden AB on Tuesday, March 31, 2015.
The Board proposes that the record date for the second dividend payment be Tuesday, October 27, 2015. If the Meeting approves the motion, it is estimated that a dividend of SEK 6.00 per share will be distributed from Euroclear Sweden AB on Friday, October 30, 2015.
The Nomination Committee proposes the following members as Members of the Board: reelection of Tomas Billing, Ulla Litzén, Christoph Vitzthum, Olof Johansson, Sven-Olof Johansson, Carina Edblad and Viveca Ax:son Johnson. It is proposed that Tomas Billing be elected Chairman of the Board.
It is proposed that director fees be paid in a total amount of SEK 4,100,000, distributed so that the Chairman of the Board receives SEK 1,100,000 and each other AGM-elected member receives SEK 500,000.
It is proposed that the registered auditing firm EY, i.e. Ernst & Young AB, with Mikael Ikonen as auditor-in-charge, be elected auditor of the company. The auditing firm is to be elected until the close of the 2016 AGM.
The Board of Directors proposes that the guidelines for determining salaries and other remuneration of Group Management, as adopted at the 2014 AGM, continue to be applied. The Board also proposes a long-term performance-based incentive program (LTI 2015), which places additional focus on profitability and work environment. It is proposed that LTI 2015 will encompass approximately 200 senior executives and key personnel. The reasons, scope, terms and conditions are described in the enclosed official notification. If LTI 2015 is adopted by the AGM, the short-term maximum variable remuneration payable to the participants will be reduced. In all significant respects, LTI 2015 complies with the corresponding program (LTI 2014) adopted by the AGM on April 2, 2014.
In order to secure delivery of Series B shares in accordance with LTI 2015 and to cover costs, including costs for social security fees and payments on the basis of the synthetic shares, it is proposed that the Board be authorized by the AGM to make decisions on one or several occasions during the period up to the following AGM to buy back no more than 867,486 Series B shares, and that the AGM resolve to permit the transfer of not more than 303,620 Series B shares to the participants of LTI 2015.
Shareholders representing more than 50 percent of the total voting rights in NCC AB propose the following Nomination Committee: reelection of Viveca Ax:son Johnson, Marianne Nilsson, Vice President of Swedbank Robur AB, and Johan Strandberg, equity researcher, SEB Funds. It is proposed that Viveca Ax:son Johnson be elected chairman of the Nomination Committee.
The complete notification is available in the enclosed pdf document.
For further information, please contact:
Johan Bergman, Investor Relations Manager, +46 8-585 523 53, +46 70-354 80 35
This is the type of information that NCC could be obligated to disclose pursuant to the Securities Market Act. The information was issued for publication on February 16, 2015 at 7 p.m. (CET).
All of NCC:s press releases are available on www.ncc.se.
NCC is one of the leading construction and property development companies in the Nordic region. NCC had in 2014 sales of SEK 57 billion, with 18,000 employees.