Resolutions approved by the 2012 Annual General Shareholders’ Meeting of SAS AB (publ)
The Annual General Shareholders’ Meeting on Monday, 19 April 2012, approved the motion put forward by the Nomination Committee regarding the re-election of all Board members of SAS AB: Fritz H. Schur, Jacob Wallenberg, Dag Mejdell, Monica Caneman, Jens Erik Christensen, Gry Mølleskog, and Timo Peltola.
Fritz H. Schur was re-elected as Chairman of the Board of Directors.
The Meeting resolved that no dividend would be paid to shareholders for the 2011 fiscal year.
It was resolved that the Nomination Committee shall comprise six members and that it shall prepare proposals to be presented at the Annual General Shareholders’ Meeting in 2013 for resolution regarding:
– Chairperson of the Annual General Shareholders’ Meeting
– the number of Board members, and directors’ fees, divided between the Chairperson, Vice Chairperson, other members and any remuneration for work on Board committees
– election of Board members and Chairperson of the Board
– fees for the Company’s auditors
– election of auditors
– Nomination Committee for the 2014 Annual General Shareholders’ Meeting.
The following members were elected to the Nomination Committee: Jonas Iversen, Ministry of Finance, for the Swedish government; Peter Brixen, Ministry of Finance, for the Danish government; Knut Utvik, Ministry of Trade and Industry, for the Norwegian government; Peter Wallenberg Jr. for the Knut and Alice Wallenberg Foundation; Karsten Biltoft for Denmark’s Nationalbank, and Anders Rydin for SEB Funds. The election of the Chairman for the Nomination Committee, replacement of members during their terms of office, replacement of shareholder representatives owing to a substantial reduction in shareholding and other rules around the Nomination Committee’s composition and work shall take place in accordance with the written instructions resolved upon by the Annual General Shareholder’s Meeting.
On other matters, the Annual General Shareholders’ Meeting also voted in accordance with the proposals contained in the notification of the Meeting, including the proposed amendments of the articles of association so that the SAS Group’s financial year shall comprise the period 1 November – 31 October instead of the calendar year, and that the current financial year be shortened and thus will comprise the period 1 January 2012 – 31 October 2012. The purpose of the change is for the financial year to follow the traffic program winter/summer structure to improve the external reporting and the internal steering and reduce the internal administration. The resolution is subject to a permit from the Swedish Tax Agency.
For further information, please contact
Sture Stølen, Head of Investor Relations, +46 8 797 1451
SAS Group Investor Relations
SAS discloses this information pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was provided for publication on 19 April 2012, at 17.00 p.m. CET.