Press releases

Bulletin from the Annual Shareholders’ Meeting of  Dometic Group AB (publ)

The annual shareholders’ meeting of Dometic Group AB (publ) was held on Friday April 7, 2017 in Stockholm

Income statement and balance sheet and discharge of liability
The annual shareholders’ meeting adopted the income statement and balance sheet and the consolidated income statement and balance sheet for 2016. The members of the board of directors and the President were discharged from liability for the financial year 2016.

Dividend
In accordance with the proposal by the board of directors, the annual shareholders’ meeting resolved on a dividend of SEK 1.85 per share and that the record date should be Tuesday April 11, 2017, which means that the dividend is expected to be distributed by Euroclear Sweden AB on Tuesday April 18, 2017.

Board of Directors and auditor
In accordance with the nomination committee’s proposal, the annual shareholders’ meeting resolved that the board of directors shall comprise seven board members, and no deputies. Fredrik Cappelen, Rainer E. Schmückle, Magnus Yngen and Erik Olsson were re-elected and Heléne Vibbléus, Peter Sjölander and Jacqueline Hoogerbrugge were elected as new members of the board of directors. Fredrik Cappelen was re-elected as chairman of the board of directors.

The company’s auditor, PricewaterhouseCoopers, with Magnus Brändström as auditor in charge, was re-elected for the period until the close of the 2018 annual shareholders’ meeting.

Remuneration and remuneration principles
In accordance with the nomination committee’s proposal, the annual shareholders’ meeting resolved that the remuneration to the board of directors shall be paid in a total amount not exceeding SEK 3,335,000, whereof SEK 725,000 to the chairman of the board of directors and SEK 360,000 to each of the other members of the board of directors. Remuneration for the committee work shall be paid with in total a maximum of SEK 450,000, whereof SEK 250,000 shall be allocated to the audit committee (whereof SEK 100,000 to the chairman of the committee and SEK 50,000 to each of the other members) and SEK 200,000 to the remuneration committee (whereof SEK 100,000 to the chairman of the committee and SEK 50,000 to each of the other members).

The annual shareholders’ meeting resolved that the auditor's fee shall be paid in accordance with approved invoices within the auditor’s quotation.

In accordance with the board of directors' proposal, the annual shareholders’ meeting approved the remuneration guidelines for the Chief Executive Officer and the Group Management.

Acquisition of own shares
The annual shareholders’ meeting authorized the board of directors to, on one or more occasions during the period up until the next annual shareholders’ meeting, approve re-purchase of shares, conditioned upon that the company’s holding does not at any time exceed ten percent of the total number of issued shares in the company. Shares shall be purchased on Nasdaq Stockholm at a price within the share-price spread registered at the time. Payment for any acquired shares shall be made in cash. The purpose of the authorization to acquire own shares is to be able to adapt the company’s capital structure, thereby contributing to increase shareholder value.

Nomination Committee
The annual shareholders’ meeting approved the principles for appointment of the nomination committee before the annual shareholders’ meeting 2018 as presented. In summary, the process provides that the nomination committee shall be composed of the chairman of the board of directors together with one representative of each of the three largest shareholders, based on ownership in the company as of the expiry of the third quarter of the financial year.

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Minutes from the annual shareholders’ meeting will be published on www.dometic.com no later than April 21, 2017.

A video of the President and CEO Roger Johansson’s address at the annual shareholders’ meeting (Swedish only), together with a transcript (Swedish and English), will be available shortly at www.dometic.com.

For additional information, please contact
Erika Ståhl, Head of Business Control & Investor Relations
Tel: +46 8 501 025 24
Email: ir@dometicgroup.com