The 2018 Annual General Meeting of ASSA ABLOY AB was held on Thursday 26 April 2018 at 3.30 pm, at Moderna Museet, Skeppsholmen, Stockholm, Sweden.
The meeting's opening speech by President and CEO Nico Delvaux is available as an on-demand webcast. After a brief introduction in Swedish the remaining part of the speech is held in English.
Below the information sent out in the press release after the meeting.
The Annual General Meeting re-elected Lars Renström, Carl Douglas, Ulf Ewaldsson, Eva Karlsson, Birgitta Klasén, Sofia Schörling Högberg, and Jan Svensson as members of the Board of Directors, and elected Lena Olving as new member of the Board of Directors. Lars Renström was re-elected as Chairman of the Board of Directors and Carl Douglas was re elected as Vice Chairman.
The Annual General Meeting re-elected the registered audit firm PriceWaterhouseCoopers AB as auditor for the time period until the end of the Annual General Meeting 2019.
The Annual General Meeting approved the dividend of SEK 3,30 per share proposed by the Board of Directors and the CEO. The record date for the dividend was set at Monday 30 April 2018 and the dividend is expected to be distributed by Euroclear Sweden AB starting on Friday 4 May 2018.
The total remuneration of the Board of Directors will amount to SEK 6,780,000 (excluding remuneration for committee work).
The Annual General Meeting resolved to adopt instructions for appointment of Nomination Committee and the Nomination Committee’s assignment, in accordance with the proposal of the Nomination Committee earlier published.
The Annual General Meeting resolved to adopt guidelines for remuneration to the senior management, with the main principle that remuneration and other employment conditions for senior management should be in line with market conditions and be competitive.
The Annual General Meeting resolved to authorize the Board of Directors to, on one or more occasions, repurchase Series B shares in the company for the period up until the Annual General Meeting 2019. The repurchase shall maximum comprise so many Series B shares that the company’s holding does not at any time exceed 10 per cent of the total number of shares in the company.
The Annual General Meeting resolved to implement a long-term incentive program for senior executives and key employees within the ASSA ABLOY Group (“LTI 2018”), in accordance with the proposal of the Board of Directors earlier published.
Nico Delvaux, President and CEO, tel. no: +46 8-506 485 82
Carolina Dybeck Happe, CFO and Executive Vice President, tel. no: +46 8 506 485 72