In light of
Dividend and incentive program
The board of directors notes that:
- as regards dividend,
MGM has stated that in the event thatLeoVegas should pay any dividend prior to the settlement of the Offer, the price per share in the Offer will be reduced correspondingly. Since the dividend, in accordance with previous years, is proposed to be distributed in four tranches, the board of directors finds that the consideration inMGM 's Offer will be clearer and simpler toLeoVegas ' shareholders if no dividend is paid before the outcome of the Offer has been presented; and - as regards the proposal on an incentive program, the implementation of such a program would not serve its purpose and not be in the Company's best interest if
MGM completes the Offer.
In case
The nomination committee's proposals
- that the board shall consist of seven directors;
- that the current directors Per Norman,
Anna Frick ,Mathias Hallberg ,Carl Larsson , Fredrik Rüden, Torsten Söderberg andHélène Westholm are re-elected; - that Per Norman is re-elected as chairman of the board;
- that the remuneration to the board of directors shall be not more than
SEK 3,000,000 in total, including remuneration for committee work (SEK 3,000,000 previous year), and shall be paid to the board of directors and the members of the established committees in the following amounts:SEK 325,000 for each of the non-employed directors andSEK 650,000 to the chairman provided that the chair is not an employee;SEK 50,000 for each of the non-employed members of the remuneration committee andSEK 100,000 to the chairman of the committee who is not also an employee; andSEK 50,000 for each of the non-employed members of the audit committee andSEK 100,000 to the chairman of the committee who is not also an employee; and
- that the registered audit firm
PricewaterhouseCoopers AB is re-elected as the company’s auditor for a period up until the end of the next annual general meeting.PricewaterhouseCoopers AB has announced its appointment ofNiklas Renström as main responsible auditor.
The nomination committee's complete proposal and motivated opinion as well as more information on the directors that are proposed to be re-elected are available at the Company's website, www.leovegasgroup.com.
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