Decisions at the Annual General Meeting of Rezidor Hotel Group AB (publ), 21 April 2016
The Annual General Meeting (the “AGM”) of Rezidor Hotel Group AB (publ) was held on 21 April 2016 in Stockholm, Sweden.
Adoption of the profit and loss accounts and the balance sheets and resolutions on dividend and discharge of liability
The AGM resolved to adopt the profit and loss account, the balance sheet and the consolidated profit and loss account and the consolidated balance sheet for the financial year 2015. The proposed dividend of EUR 0.07 per share was approved by the AGM. The record date for the dividend is 25 April 2016 and the dividend is expected to be paid through Euroclear Sweden AB on 2 May 2016. The Board of Directors and the President & CEO were discharged from liability for the financial year 2015.
Board of Directors and Auditor
In accordance with the Nominating Committee´s proposal, David P. Berg, Staffan Bohman, Anders Moberg, Wendy Nelson, Trudy Rautio and Charlotte Strömberg were re-elected by the AGM. Trudy Rautio was also re-elected as Chairman of the Board of Directors. Deloitte AB was re-elected as the auditor of the Company.
Remuneration to the Board of Directors and the auditor
The AGM resolved, in accordance with the Nominating Committee´s proposal, that the total remuneration to the members of the Board of Directors, elected by the AGM, shall remain unchanged from the previous year and, calculated on an annual basis, amount to in total EUR 341 000, of which EUR 36 000 relates to committee work, distributed as follows: EUR 80,000 to the Chairman of the Board of Directors; EUR 65,000 to the Vice Chairman of the Board of Directors; EUR 40,000 to each of the other members of the Board of Directors; EUR 9,000 to the chairman of the Audit Committee; EUR 6,000 to the chairman of the Compensation Committee; EUR 6,500 to each of the other members of the Audit Committee; and EUR 4,000 to each of the other members of the Compensation Committee. It was resolved that the auditors fee shall be paid on the basis of the amount invoiced and approved.
Principles for compensation and long-term incentive program
In accordance with the Board of Directors' proposal, the AGM approved the principles for compensation of the Company’s key management for 2016.
Further, the AGM resolved, also accordance with the Board of Directors' proposal, to implement a share-based, long-term incentive program for 2016. In connection therewith, the AGM resolved to authorize the Board of Directors to resolve on transfers of shares owned by the Company on a regulated market to cover certain costs related to the program.
Amendment of the Articles of Association
In accordance with the Board of Directors' proposal, the AGM resolved to amend the company’s Articles of Association regarding the auditors’ mandate period.
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