Summary of the Annual General Meeting 2016 of Nobina AB (publ)
The shareholders of Nobina AB (publ) gathered for the Annual General Meeting on 31 May 2016. The Meeting took place at the World Trade Center, Kungsbron 1, Stockholm. The Meeting approved the Group’s and Company’s income statements and balance sheets for the financial year 2015/2016, and resolved upon a dividend for the financial year 2015/2016 being SEK 2.60 per share and to grant the members of the Board of Directors and the Managing Director discharge from liability for the previous financial year.
Jan Sjöqvist, John Allkins, Birgitta Kantola, Graham Oldroyd and Ragnar Norbäck were re-elected as members of the Board of Directors and Axel Hjärne was elected as a new member of the Board of Directors. Jan Sjöqvist were re-elected Chairman of the Board. PricewaterhouseCoopers AB was re-elected as the Company’s auditor. It was resolved that the fees to be paid to the Board of Directors shall be allocated as follows: SEK 900,000 to the Chairman of the Board and SEK 450,000 to each of the other members of the Board of Directors provided, however, that no fees shall be paid to a Director who is also an employee of the Company or any of its subsidiaries. It was further resolved that fees to the auditor shall be paid in accordance with invoices approved by the Board of Directors.
The Meeting resolved on principles for the Nomination Committee in accordance with the Nomination Committee’s proposal and the Meeting approved the Board of Directors’ proposal on guidelines for remuneration to senior management.
The Meeting also resolved to authorise the Board of Directors to, at one or several occasions until the next annual general meeting, resolve upon a new issue of shares or convertibles in the Company against payment in cash, in kind or through set-off and with the right to deviate from the shareholders’ preferential rights. The purpose of the authorisation and the reason for the deviation from the shareholders’ preferential rights is to facilitate the raising of capital for acquisitions. The authorisation is limited whereby the Board of Directors may not resolve to issue shares and/or convertibles that involve the issue of or conversion into shares corresponding to more than 10.0 per cent of the total number of shares in the Company at the time of the issue resolution. To the extent new issues of shares are made with deviation from the shareholders’ preferential rights, such issues shall be made on market conditions.
The annual report for the financial year 2015/2016 is available at the premises of Nobina AB (publ), Armégatan 38 in Solna, as well as on the Company’s website: www.nobina.com.
Submission of the annual report; CEO presentation and summary of achievements during 2015/2016.
- Record net sales and earnings.
- Won contracts, to a contract value of over 4 billion SEK.
- No loss making contracts in the portfolio.
- Successful new major traffic starts in Stockholm, Oslo and Helsinki.
- 7,000 new shareholders after our listing on Nasdaq Stockholm on June 18 2015.
- Repayment of bond and improved terms for financing.
- More than 50 per cent of buses run on renewable fuel.
- Environmental bonus in Finland
- Start of Nobina’s innovation company Nobina Technology
- Owner of the most used travel app in Sweden, Res i Stockholm.
Nobina AB (publ) discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 5 p.m. CET on 31 May 2016.