ANNUAL GENERAL MEETING (AGM) OF ROTTNEROS WAS HELD ON 30 MAY 2016
Adoption of income statements and balance sheets
The AGM adopted the income statements and the balance sheets for the parent company and the Group for the financial year 2015.
Dividend
The AGM adopted the Board’s proposal of an ordinary dividend of SEK 0,30 per share and an extraordinary dividend of SEK 0,20 per share (in total SEK 0,50) for the financial year 2015.
Discharge from liability
The AGM granted Board members as well as the CEO a discharge from liability for the financial year 2015.
Board
The AGM decided in accordance with the proposal of the Nominating Committee that the number of Board members elected shall be six (an increase of two) and re-elected the Board members Marie S. Arwidson, Rune Ingvarsson and Per Skoglund and elected Per Lundeen, Roger Mattsson and Ulf Carlson as new directors of the Board. Rune Ingvarsson was re-elected as Chair of the Board.
Per Lundeen was born in 1955 and has a Master of Engineering (Chemical Engineering) from Chalmers University in Gothenburg. Per is the resigning CEO and President of Rottneros AB, a position he has held since the autumn of 2014 and resigns from when the new CEO and Precidents takes office in autumn 2016. He was previously a board member of Rottneros from 2013 up until the 2015 AGM. Per is chairman of Nilsbyn Invest AB and Strand Packaging AB as well as board member of Fiskeby Board AB and Packbridge AB. Per has a longstanding experience of different capacities within Åkerlund & Rausing group, inter alia as CEO of Å&R Packaging group.
Roger Mattsson was born in 1973 and has a Master's degree in Economics from Gothenburg School of Economics. Roger is currently working as CFO of Nemus Holding AB and acting CEO of Munkedal Skog AB. Roger is also a member of the Supervisory Board for Artic Paper S.A and has previously worked as group controller within Artic Paper.
Ulf Carlson was born in 1950 and has a Master of Engineering (Chemical Engineering) from Chalmers University in Gothenburg. Ulf is the board member of a number of research boards, such as vice chairman of the Troedsson foundation and the IVA network “The Innovators”, also member of the Lyckeby Stärkelsen Reserch Foundation, and Acosense as well as a member of IVA’s dept. Vlll. He has long and broad experience from the forest industry where he held a number of leading R & D positions within pulp/paper at companies such as SCA, Mölnlycke and Eka Chemicals (currently Akzo Nobel) and as a researcher within the pulp/paper field.
Fees for the Board members
The AGM decided in accordance with the proposal of the Nominating Committee that the fees, without change, shall be SEK 550,000 to the Chair of the Board and SEK 275,000 to each of the other Board members. Furthermore, the AGM decided that the employee representatives shall receive a fee of SEK 27,500 per person for the time required to read materials ahead of meetings.
Auditors
The AGM decided in accordance with the proposal of the Nominating Committee that the company shall have a chartered auditing firm as auditor and re-elected Ernst & Young Aktiebolag until the end of the 2017 AGM. The authorized public accountant, Erik Sandström, shall be the auditor in charge. Auditors’ fees shall be paid based on an invoice approved by the CEO.
The Nominating Committee ahead of the 2017 AGM
The AGM approved the Nominating Committee’s proposed procedure for appointing members of the Nominating Committee ahead of the 2017 AGM (unchanged).
Guidelines for remuneration of senior executives
The AGM approved the guidelines for the remuneration of senior executives in accordance with the Board’s proposal (unchanged).
Complete proposals and decisions
The AGM approved all of the proposals presented by the Board and the Nominating Committee. The proposals are available in the previous published notice to attend the AGM and the decisions in the minutes of the AGM, which will be published at the company’s website.
For further information, please contact:
Per Lundeen, President and CEO of Rottneros AB (publ), +46 70 518 33 47
Krister Lindgren, acting CFO of Rottneros AB (publ), +46 72 715 06 50
Rottneros discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The Information was submitted for publication on 30 May 2016 at 16:00 CET.
Rottneros is an independent producer of market pulp. The Group comprises the parent company Rottneros AB, listed on NASDAQ Stockholm, and its subsidiaries Rottneros Bruk AB and Vallviks Bruk AB with operations involving the production and sale of market pulp. The Group also includes the wood procurement company Rottneros Baltic SIA in Latvia. The Group has just over 260 employees and had a turnover of approximately SEK 1.8 billion in the 2015 financial year.