Hakon Invest AB : Report from Hakon Invest's Annual General Meeting 2013

   Hakon Invest AB : Report from Hakon Invest's Annual General Meeting 2013

Hakon Invest AB (publ) held its Annual General Meeting at Näringslivets Hus in
Stockholm on Monday, May 20, 2013. Approximately 250 shareholders and guests
were present at the meeting, which resolved - among other things - to change
the name of the company to ICA Gruppen AB (publ).

The Annual General Meeting re-elected Board members Peter Berlin, Cecilia Daun
Wennborg, Andrea Gisle Joosen, Magnus Moberg and Jan Olofsson to serve until
the end of the next Annual General Meeting. Göran Blomberg, Fredrik Hägglund,
Bengt Kjell, Claes-Göran Sylvén and Margot Wallström were elected as new
members of the Board. The Annual General Meeting elected Claes-Göran Sylvén as
Chairman of the Board. The Board members are presented in more detail on Hakon
Invest's website www.hakoninvest.se.

The Annual General Meeting resolved that fees to the Board of Directors shall
total SEK3,550,000, of which SEK 850,000 to the Chairman of the Board and SEK
300,000 to each of the other Board members elected by the Meeting. In
addition, SEK 825,000 was set aside for committee work.

The Meeting further approved the Board's proposed guidelines for remuneration
to senior executives, comprising regular salary, pension, severance pay and
two variable remuneration schemes.

As proposed by the Board, the Annual General Meeting resolved to terminate the
incentive programs for 2011 and 2012 in view of the fact that the majority of
the former Group management and the majority of the employees are leaving
Hakon Invest for employment in ICA-handlarnas Förbund as of May 20, 2013.

The Annual General Meeting resolved that no dividend be paid for the 2012
fiscal year.

The Meeting approved the proposal to change the company's name to ICA Gruppen.

All the documentation for the resolutions passed at Hakon Invest's Annual
General Meeting can be found on the company's website www.hakoninvest.se under
Corporate Governance.

For further information, please contact:

Head of Investor Relations
Pernilla Grennfelt
Tel +46 8 55 33 99 55

Hakon Invest AB 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 20.30 CET on Monday, May 20,
2013.

Hakon Invest, which is listed on Nasdaq OMX Stockholm, owns ICA AB, one of the
Nordic region's leading retail companies with a focus on food. The portfolio
also includes shares in Forma Publishing Group, Kjell & Company, Cervera,
inkClub and Hemtex. Further information about Hakon Invest is available at
www.hakoninvest.se

Report from AGM (pdf)

------------------------------------------------------------------------------

This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(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: Hakon Invest AB via Thomson Reuters ONE
HUG#1702956
 
Press spacebar to pause and continue. Press esc to stop.