The Annual General Meeting (the "AGM") of Rezidor Hotel Group AB (publ) was held on 24 April 2015 in Stockholm, Sweden.
Adoption of the profit and loss accounts and the balance sheets and resolutions on dividend and discharge of liability
The AGM resolved to adopt the profit and loss account, the balance sheet and the consolidated profit and loss account and the consolidated balance sheet for the financial year 2014. The proposed dividend of EUR 0.03 per share was approved by the AGM. The record date for the dividend is 28 April 2015 and the dividend is expected to be paid through Euroclear Sweden AB on 6 May 2015. The Board of Directors and the President & CEO was discharged from liability for the financial year 2014.
Board of Directors
In accordance with the Nominating Committee's proposal, all members of the Board of Directors were re-elected by the AGM, i.e. Douglas M. Anderson, David P. Berg, Staffan Bohman, Göte Dahlin, Anders Moberg, Wendy Nelson, Trudy Rautio and Charlotte Strömberg. Trudy Rautio was also re-elected as Chairman of the Board of Directors.
Remuneration to the Board of Directors and the auditor
The AGM resolved, in accordance with the Nominating Committee's proposal, that the total remuneration to the members of the Board of Directors, elected by the AGM, shall remain unchanged from the previous year and, calculated on an annual basis, amount to in total EUR 431,500, of which EUR 46,500 relates to committee work, distributed as follows: EUR 80,000 to the Chairman of the Board of Directors; EUR 65,000 to the Vice Chairman of the Board of Directors; EUR 40,000 to each of the other members of the Board of Directors; EUR 9,000 to the chairman of the Audit Committee; EUR 6,000 to the chairman of the Compensation Committee; EUR 6,500 to each of the other members of the Audit Committee; and EUR 4,000 to each of the other members of the Compensation Committee. It was resolved that the auditors fee shall be paid on the basis of the amount invoiced and approved.
Principles for compensation and long-term incentive program
In accordance with the Board of Directors' proposal, the AGM resolved to approve the principles for compensation of the Company's key management for 2015.
Further, the AGM resolved, also accordance with the Board of Directors' proposal, to implement a share-based, long-term incentive program for 2015. In connection therewith, the AGM resolved on transfers of shares owned by the Company to participants in the incentive program and to authorize the Board of Directors to resolve on transfers of shares owned by the Company on a regulated market to cover certain costs related to the program.
For further information, kindly contact:
Knut Kleiven, Deputy President & CFO,
Knut.Kleiven@rezidor.com
