Resolutions approved by the 2014 Annual General Shareholders’ Meeting of SAS AB (publ)
The Annual General Shareholders’ Meeting (AGM) on Tuesday, February 18, 2014, approved the resolution authorizing the Board to decide on the new issue of a maximum of 7 million preference shares and the issue of convertibles amounting to a maximum of MSEK 2,000 as well as to allow amendment of the Articles of Association to permit the issue of preference shares. The AGM also approved the proposal to pay dividends on any preference shares issued until the next AGM in the form of a quarterly payment of SEK 12.50 per preference share and a maximum total amount of SEK 50 per preference share. The Meeting resolved that no dividend would be paid on existing common shares for the 2012/2013 fiscal year.
The AGM also approved the motion put forward by the Nomination Committee regarding the re-election of Fritz H. Schur, Monica Caneman, Lars-Johan Jarnheimer, Birger Magnus, Dag Mejdell, Sanna Suvanto-Harsaae and Jacob Wallenberg. The Meeting also elected Carsten Dilling as a new Board member.
Fritz H. Schur was re-elected as Chairman of the Board of Directors.
Furthermore, it was resolved that the Nomination Committee will comprise owner representatives for the four largest shareholders in SAS and that the members of the Nomination Committee would be Magnus Skåninger, Ministry of Finance, for the Swedish government, Peter Brixen, Ministry of Finance, for the Danish government, Knut Utvik, Ministry of Trade, Industry and Fisheries, for the Norwegian government and Peter Wallenberg Jr for the Knut and Alice Wallenberg Foundation. 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 AGM.
On other matters, the AGM also voted in accordance with the proposals contained in the notification of the Meeting.
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 February 18, at 7.00 p.m. CET.