Annual General Meeting in ASSA ABLOY AB
STOCKHOLM, SWEDEN -- (Marketwired) -- 04/25/13 -- Election of the
Board of Directors
The Annual General Meeting of ASSA ABLOY AB re-elected Lars
Douglas, Johan Molin, Sven-Christer Nilsson, Birgitta
Klasen, Eva Lindqvist, Jan Svensson and Ulrik Svensson as members of
the Board of Directors. Lars Renstroem
was re-elected Chairman of the
Board of Directors and Carl Douglas was re- elected Vice Chairman.
The Annual General Meeting approved the dividend of SEK 5,10 per
by the Board of Directors and the CEO. The record date
for the dividend was set
at Tuesday 30 April 2013 and the dividend is
expected to be distributed by Euroclear Sweden AB starting on Monday
6 May 2013.
Remuneration of the Board of Directors
The total remuneration of the Board of Directors will amount to SEK
excluding remuneration for committee work.
Gustaf Douglas (Investment AB Latour), Mikael Ekdahl (Melker
Liselott Ledin (Alecta), Marianne Nilsson (Swedbank
Robur fonder) and Johan Strandberg (SEB Fonder/SEB Trygg Liv) were
elected as members of the Nomination
Committee up to and including
the 2014 Annual General Meeting. Gustaf Douglas
was elected Chairman
of the Nomination Committee.
Establishment of guidelines for the remuneration of the Executive
The Annual General Meeting resolved to adopt guidelines for the
remuneration of senior management, with the main principle that
remuneration and other employment conditions for senior management
should be in line with market conditions and be competitive.
Authorization to repurchase and transfer Series B shares in the
The Annual General Meeting resolved to authorize the Board of
Directors to, on
one or more occasions, repurchase Series B shares in
the company for the period
up until the next Annual General Meeting.
The repurchase shall maximum comprise
so many Series B shares that
the company's holding does not at any time exceed
10 per cent of the
total number of shares in the company.
Implementation of long term incentive program
The Annual General Meeting resolved to implement a long term
for senior executives and key employees within the
ASSA ABLOY Group ("LTI 2013"), in accordance with the proposal of the
Board of Directors earlier published.
This information is that which ASSA ABLOY is required to disclose
under the Swedish Securities Exchange and Clearing Operations Act
and/or the Swedish Financial Instruments Trading Act. The information
is released for publication
at 17.00 on 25 April 2013.
Press release PDF: http://hugin.info/1014/R/1696192/558549.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ASSA ABLOY via Thomson Reuters ONE
For more information please contact:
President and CEO
Tel: +46 8 506 485 42
Carolina Dybeck Happe
CFO and Executive Vice President
Tel: +46 8 506 485 72
Press spacebar to pause and continue. Press esc to stop.