The Annual General Meeting (AGM) re-elected all of the Company's board members and elected
The Annual General Meeting of Axfood Aktiebolag (publ) was held on Wednesday,
Adoption of the income statement and balance sheet, and the consolidated income statement and consolidated balance sheet
The AGM adopted the parent company and consolidated income statements and balance sheets for the 2019 financial year.
Discharge from liability
The AGM discharged the board members and President from liability for the 2019 financial year.
Dividend
The AGM resolved in favour of a dividend of
Board of Directors
The AGM resolved that the number of board members shall be eight, with no deputy directors.
Directors' fees
The AGM resolved that directors' fees of
Nominating Committee
The AGM resolved to adopt guidelines for
Guidelines for compensation of senior executives
The AGM resolved to adopt new guidelines for compensation of senior executives, adjusted to harmonise with changes in the Swedish Companies Act.
Long-term share-based incentive programme (LTIP)
LTIP 2020
The AGM resolved to implement a long-term share-based incentive programme (LTIP 2020). The programme is in accordance in all essential respects with the long-term share-based incentive programmes that the 2019 Annual General Meeting resolved to establish, with the change that participants in Category 2 can allocate 1,250 Savings Shares to LTIP 2020, compared with 850 Savings Shares in the previous programme.
LTIP 2020 includes approximately 75 employees, consisting of the members of
The main motives for establishing LTIP 2020 are to align the shareholders' interests with those of the members of the Executive Committee and other key persons in ensuring maximum long-term value creation and to encourage personal shareholding in
Purchases of own shares and transfers of treasury shares
The AGM also resolved to authorize the Board to, on one or more occasions during the period until the next Annual General Meeting, decide on purchases of a maximum of 310,000 of the Company's own shares. Purchases of shares shall be made on Nasdaq Stockholm and at a price per share that is within the registered price interval at any given time (the spread). Purchases may be made for the purpose of securing the Company's obligations arising out of LTIP 2020 and any other share-based incentive programmes that may exist at any given time pursuant to a resolution by a general meeting of shareholders.
Further, the AGM resolved to transfer a maximum of 310,000 shares in
Employee purchases of shares in subsidiaries
The AGM resolved that employees of the
With respect to Hemköp stores, the proposal entails that Hemköpskedjan AB initially transfers the operation of a store to a newly formed, wholly owned stock company. With respect to Tempo, the proposal entails that Hemköpskedjan AB in a first step acquires or establishes such a store that is to be operated within the Tempo chain, since the
The persons who shall have the right to purchase shares are store managers (presidents) of store companies that are operated and/or established within Hemköpskedjan. The resolution covers a maximum of ten stores and applies for the period until
Resolution to amend the Articles of Association
The AGM resolved in favour of amending the Company's Articles of Association with respect to notification regarding the right to vote at general meetings, deletion of resolution on instructions for the Nominating Committee and resolution on guidelines for senior executives as obligatory items of business at every Annual General Meeting, and editorial simplification and clarifying changes.
Complete information and resolutions
All resolutions were in accordance with the recommendations made by the Board of Directors and Nominating Committee to the AGM.
Complete information about the AGM's resolutions is available on
For further information, please contact:
This press release was submitted for publication at
This document is an English translation of the Swedish original. In the event of any discrepancies, the Swedish version shall govern.
https://news.cision.com/axfood/r/resolutions-made-at-axfood-s-2020-annual-general-meeting,c3063224
https://mb.cision.com/Main/1306/3063224/1213720.pdf
https://news.cision.com/axfood/i/axfood-arsstamma-2019-foto-erik-flyg,c2763786
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