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2016-09-01

Elekta: Bulletin from Elekta's Annual General Meeting 2016

STOCKHOLM, September 1, 2016 - The Annual General Meeting adopted the
following resolutions:

Dividend and appropriation of the Company's profits
Of the Company's unappropriated earnings totalling SEK 2,283,486,617,
a per-share dividend of SEK 0.50 to be distributed to the
shareholders. The remaining amount is to be carried forward. The
dividend will be divided into two payments, of SEK 0.25 per payment.
The first record date for the dividend was determined as Monday,
September 5, 2016 and the second record day was determined as Monday,
March 6, 2017. The payments are expected to be made on Thursday,
September 8, 2016 and on Thursday, March 9, 2017.

Adoption of the income statement and balance sheet
The Annual General Meeting adopted the income statement and balance
sheet for the Parent Company, as well as the consolidated income
statement and consolidated balance sheet as of April 30, 2016. The
members of the Board were discharged from liability for the fiscal
year 2015/16. Furthermore, the two former CEOs, Niklas Savander and
Tomas Puusepp, were discharged from liability for the respective
periods during the fiscal year 2015/16.

Board of Directors and committees
The Annual General Meeting resolved that the Board of Directors shall
consist of nine members without deputies. Luciano Cattani, Annika
Espander Jansson, Laurent Leksell, Siaou-Sze Lien, Johan Malmqvist,
Tomas Puusepp, Wolfgang Reim, Jan Secher and Birgitta Stymne
Göransson were re-elected as members of the Board. Laurent Leksell
was re-elected as Chairman of the Board.

The following director fees were adopted: SEK 1,075,000 (unchanged) to
the Chairman of the Board, SEK 460,000 (unchanged) to each external
member of the Board, SEK 90,000 (unchanged) to the Chairman and SEK
50,000 (unchanged) to other members of the Company's Executive
Compensation & Capability Committee, SEK 200,000 (unchanged) to the
Chairman and SEK 110,000 (unchanged) to other members of the
Company's Audit Committee. No Board Members employed by the Company
shall receive remuneration or compensation for committee work.

As the Audit Committee after the Annual General Meeting 2015 was
increased from three to four members, the Annual General Meeting
resolved that retroactive remuneration of SEK 55,000 (based pro rata
in relation to the number of attended committee meetings during the
year 2015/16) is paid to the fourth member.

Auditors
The Annual General Meeting re-elected the registered public auditing
firm PwC, with Authorized Public Accountant Johan Engstam as auditor
in charge, as auditor for the period until the close of the Annual
General Meeting 2017. Fees will be paid according to an approved
account.

Guidelines for remuneration to the Executive Management
The Annual General Meeting approved the guidelines for remuneration
and other employment conditions for Executive Management. The
guidelines apply for employment contracts that become effective after
the Annual General Meeting's resolution and in the event that changes
are made to existing contracts after this date.

Performance Share Plan 2016
The Annual General Meeting resolved to adopt Performance Share Plan
2016. The program comprises the President and CEO and Executive
Management in the Company, in total eleven employees, who will
qualify for allotment, free of charge, shares of series B following
expiry of the three years performance period and provided continued
employment during the performance period. The total number of shares
that can be allotted depends on the degree of fulfilment of one
financial target, EPS growth over a three years performance period.
The award will vest if the compound annual growth rate of EPS is
between 103 per cent and 132 per cent comparing 2018 financial
results to 2015. The performance target shall be adjusted at the
occurrence of events affecting the number of outstanding shares in
the Company, or unforeseen material events affecting the Elekta
Group's operations or otherwise affecting the performance targets and
deemed relevant by the Board of Directors. Should the Company decide
on changes to the Company's accounting principles or decide on
restructuring costs the Board may decide on changes to the
Performance Share Plan 2016 performance targets. Assuming maximum
allotment under the Performance Share Plan 2016 and a share price of
SEK 65, a maximum of 486,000 shares of series B are required to
fulfil commitments under the program (including social security
costs), corresponding to approximately 0.10 per cent of the total
number of outstanding shares, and the costs, including social
security costs and the financing cost for repurchased own shares, are
estimated at approximately SEK 31,590,000.

Acquisition and transfer of own shares
The Annual General Meeting authorized the Board of Directors, during
the period until the next Annual General Meeting to resolve, on one
or more occasions, on the acquisition of a maximum number of own
shares so that, after the acquisitions, the Company does not hold
more than ten per cent of the total number of shares in the Company.
The Annual General Meeting also authorized the Board of Directors,
during the period until the next Annual General Meeting to resolve,
on one or more occasions, on transfers of own shares in connection
with financing takeovers and other strategic investments and
transfers, and not exceeding the maximum number of treasury shares
held by the Company at any given time.

In view of the Performance Share Plan 2016, the Annual General Meeting
resolved to approve the transfer of treasury shares amounting to not
more than 530,000 shares of series B, and to authorize the Board of
Directors, during the period until the next Annual General Meeting,
on one or more occasions, to make decisions that not more than
159,000 shares will be transferred on Nasdaq Stockholm with the
purpose of covering certain fees, primarily social security costs.

In view of the Performance Share Plan 2014 and 2015, the Annual
General Meeting authorized the Board of Directors during the period
until the next Annual General Meeting, on one or more occasions, to
make decisions that not more than 299,700 shares will be transferred
on Nasdaq Stockholm with the purpose of covering certain fees,
primarily social security costs.

# # #

For further information, please contact:
Johan Andersson, Director, Investor Relations, Elekta AB
Tel: +46 702 100 451, e-mail: johan.andersson@elekta.com
Time zone: CET: Central European Time
The above information is such that Elekta AB (publ) shall make public
in accordance with the Securities Market Act and/or the Financial
Instruments Trading Act. The information was published at 16:00 CET
on September 1, 2016.

About Elekta
Elekta is a human care company pioneering significant innovations and
clinical solutions for treating cancer and brain disorders. The
company develops sophisticated, state-of-the-art tools and treatment
planning systems for radiation therapy, radiosurgery and
brachytherapy, as well as workflow enhancing software systems across
the spectrum of cancer care. Stretching the boundaries of science and
technology, providing intelligent and resource-efficient solutions
that offer confidence to both health care providers and patients,
Elekta aims to improve, prolong and even save patient lives.

Today, Elekta solutions in oncology and neurosurgery are used in over
6,000 hospitals worldwide. Elekta employs around 3,800 employees
globally. The corporate headquarters is located in Stockholm, Sweden,
and the company is listed on NASDAQ Stockholm. Website:
www.elekta.com.

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http://news.cision.com/elekta/r/bulletin-from-elekta-s-annual-general-me...
http://mb.cision.com/Main/35/2069534/556527.pdf

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