Scandic held its annual general meeting today
Annual report, dividend and discharge from liability
The annual general meeting resolved to adopt the annual report and the consolidated annual report for the financial year 2023. The meeting further resolved, in accordance with the board of director's proposal, that no dividend shall be paid to the shareholders and that the amount at the annual general meeting's disposal shall be carried forward. The members of the board of directors and the CEO were discharged from liability.
Board of directors, auditor and fees
Per
Guidelines for remuneration to senior executives
The annual general meeting resolved, in accordance with the proposal of the board of directors, to adopt guidelines for remuneration to senior executives.
Presentation of the board of directors' remuneration report for approval
The annual general meeting approved the board of directors' remuneration report.
Long-term incentive program
The annual general meeting adopted a long-term incentive program which shall be directed to members of the executive committee and certain other key employees of the
Authorisation to issue shares and/or warrants and/or convertibles
The annual general meeting resolved to authorise the board of directors to resolve to issue new shares and/or warrants and/or convertibles on one or several occasions until the next annual general meeting, with or without preferential rights for the shareholders, against cash payment or against payment through set-off or in kind, or otherwise on special conditions. The number of shares that may be issued and the number of shares that shall be possible to subscribe/convert may amount to a number of shares resulting in an increase of the share capital at the time of the notice to the annual general meeting of not more than ten (10) per cent.
Authorisation for the board of directors to resolve on repurchase and transfer of own shares
The annual general meeting resolved to authorise the board of directors to - at one or several occasions and for the time period until the next annual shareholders' meeting - resolve on repurchase and transfer of own shares. The purpose of the authorisation is to adapt and improve the capital structure of Scandic from time to time and thereby create further shareholder value, to enable transfer of own shares in accordance with the long-term incentive program 2024 and to secure costs connected to this long-term incentive program.
Authorisation for the board of directors to transfer own shares to Scandic employees who participate in the long-term incentive program for 2024
The annual general meeting resolved that transfer of own shares, in a maximum number of 725 000 to the participants in the long-term incentive program 2024 shall be possible.
More information about the resolutions is available in the notice and the complete proposals which are available on the company's website, https://www.scandichotelsgroup.com
For more information, please contact:
Email: rasmus.blomqvist@scandichotels.com
Phone: +46 702 335 367
Email: oscar.brehmer@scandichotels.com
Phone: +46 721 709 297
About
Scandic is the largest hotel company in the Nordic countries with a network of about 280 hotels with 58,000 rooms in operation and under development, in more than 130 destinations. The company is the leader when it comes to integrating sustainability in all operations and its award-winning Design for All concept ensures that Scandic hotels are accessible to everyone. Well loved by guests and employees, the Scandic Friends loyalty program is the largest in the Nordic hotel industry and the company is one of the most attractive employers in the region. Scandic is listed on Nasdaq Stockholm. www.scandichotelsgroup.com
https://news.cision.com/scandic-hotels-group-ab/r/bulletin-from-scandic-s-annual-general-meeting-2024,c3983081
https://mb.cision.com/Main/13379/3983081/2802855.pdf
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