Bli medlem
Bli medlem

Du är här

2016-05-11

Nordax Group AB (publ): Nordax's Annual General Meeting 2016

Summary of the decisions taken by Nordax Group AB's (publ) Annual
General Meeting 2016. The meeting, chaired by Arne Bernroth, was held
today in Stockholm.

Approval of dividend

The AGM approved a dividend per share of SEK 0.50, in total
approximately SEK 55 million. The record date for the dividend was
set at 13 May 2016, by which the dividend is expected to be paid out
via Euroclear Sweden AB on 18 May 2016.

Approval of Directors' fee

The Directors' fee was set at a total of SEK 3,450,000 in accordance
with the Nomination Committee's proposal. The fee will be distributed
as follows: SEK 1,100,000 to the Chairman of the Board and SEK
400,000 to each of the other Board members who are not employed by
the company and a total fee of SEK 350,000 for committee work. For
committee work the fee is SEK 50,000 each to the Chair and other
member in the Remuneration, Audit and Risk Committees. The Chairman
of the Board does not receive additional fee for committee work.
Andrew Rich does not receive any fee.

Election of Board of Directors and Chairman

The Board members Christian Beck, Arne Bernroth, Katarina Bonde,
Morten Falch, Hans Larsson, Andrew Rich and Synnöve Trygg were
re-elected, for the period up to and including the next Annual
General Meeting. Jenny Rosberg was elected new member. The AGM
re-elected Arne Bernroth as Chairman of the Board. It was noted that
Daryl Cohen and Richard Pym had declined to be re-elected.

Election of auditor

PricewaterhouseCoopers AB (PwC) was re-elected as the Auditor of the
Company, for the period up to and including the next Annual General
Meeting. Helena Kaiser de Carolis is main responsible within PwC.

Approval of guidelines for remuneration for the CEO and the management
team

The AGM approved the Board of Directors' proposal concerning
guidelines for remuneration for the CEO and the management team.
Pursuant to the guidelines, the CEO and the management team shall be
remunerated through fixed and variable remuneration and there shall
be an appropriate balance between the fixed and variable
remuneration. Fixed remuneration consists of base salary and
pensions. Fixed remuneration shall be market oriented, competitive
and sufficiently high to ensure that the reduction of any variable
remuneration down to zero is possible. The variable remuneration
component shall not exceed 100% of the fixed component of the total
remuneration for any staff member of Nordax. The individual variable
remuneration shall be based on individual performance, the result of
the relevant business unit and the overall business result of Nordax.

Approval of a Management Incentive Plan for 2016

The AGM approved the Board of Directors' proposal concerning a
Management Incentive Plan (MIP) for 2016. MIP 2016 is a program for
17 employees who are members of the Management Team. The MIP entails
that 40% of the award is paid out in cash the same year as the
resolution to award the remuneration has been adopted. 60% of the
award is deferred into restricted stock units that are restricted for
3 years or, with respect to the CEO, 5 years (the qualifying period).
If employment terminates before vesting, all deferred restricted
stock units will as a main rule lapse at the date on which the member
of the Management Team ceases to be staff member.

Approval of acquisition and transfer of own shares

The AGM approved the Board of Directors' proposal concerning
Authorisation for the Board of Directors to resolve on acquisition
and transfer of own shares.

Acquisitions may take place so that the maximum number of the own
shares at any time does not exceed ten percent of the total number of
shares in the company. All shares acquired may be transferred. The
authorisation may be utilised on one or more occasions, however not
longer than until the 2017 AGM.

The purpose of the authorisation to acquire shares is to enable the
company to satisfy obligations as a result of allocations of shares
to employees within the scope of the group's long-term management
incentive plans. In addition, the shares acquired under the
authorisation to acquire shares may be transferred, on Nasdaq
Stockholm or outside Nasdaq Stockholm, to be used as payment or
financing at possible future acquisitions of companies or businesses.

The AGM furthermore approved the Board of Directors' proposal that a
maximum of 455,000 shares may be transferred to the participants in
Management Incentive Plan 2016 and Management Incentive Plan 2015.

Statutory Board meeting

At the statutory Board meeting following the AGM, members of the
Committees were appointed as follows;

Remuneration Committee: Arne Bernroth (Chair), Christian Beck and
Synnöve Trygg

Audit Committee: Jenny Rosberg (Chair), Hans Larsson and Andrew Rich

Risk Committee: Hans Larsson (Chair), Katarina Bonde and Jenny Rosberg

For further information please contact:

Andreas Frid, Head of IR

Tel: +46 705 290 800

E-mail: ir@nordax.se

About Nordax

Nordax is a leading niche bank in the Nordic region providing personal
loans and deposit accounts to more than 100,000 customers in Sweden,
Norway, Finland, Denmark and Germany. Nordax employs about 200
people, all working in its office in Stockholm. Nordax was founded by
six entrepreneurs with extensive risk management experience. The
underwriting process is Nordax's core competency; it is thorough,
sound and data driven. Nordax's customers are financially stable
individuals. The typical customer is 49 years old and has an income
above the national average. As of 31 March 2016 lending to the
general public amounted to SEK 11.3 billion and deposits amounted to
SEK 6.1billion. Nordax has been supervised by the Swedish Financial
Supervisory Authority since 2004 and deposits are covered by the
Swedish deposit guarantee scheme. Read more on www.nordaxgroup.com.
For more information about Nordax's customer offerings, read more on
each country's web site: www.nordax.se, www.nordax.no, www.nordax.fi
and www.nordax.de.

Nordax Group AB (publ) announces this information in accordance with
the Securities Market Act and/or the Act on Trading in Financial
Instruments and/or the Nasdaq Stockholm Rule Book. This information
was submitted for announcement on 11 May 2016 at 8.45 pm CET.

-----------------------------------------------------------
http://news.cision.com/nordax-group-ab--publ-/r/nordax-s-annual-general-...
http://mb.cision.com/Main/12531/2007221/514603.pdf

Författare WKR

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.