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2016-05-12

Scandic Hotels Group AB: Bulletin from Scandic's annual general meeting 2016

The annual general meeting of Scandic was held on Thursday 12 May 2016
in Stockholm, Sweden.

Annual report, dividend and discharge from liability
The annual general meeting resolved to adopt the annual report and the
consolidated annual report for the financial year 2015. The meeting
further resolved, in accordance with the Board of Directors'
proposal, that no dividend shall be distributed for the financial
year 2015 and that the results of the year shall be carried forward.
The Board members and the President and CEO were discharged from
liability.

Amendment of the Articles of Association
The annual general meeting resolved to amend §6 of the Articles of
Association, whereby the maximum number of directors elected by the
shareholder's meeting was increased from ten to eleven directors.

Board of Directors, auditor and fees
Vagn Sørensen, Per G. Braathen, Grant Hearn, Lottie Knutson, Eva Moen
Adolfsson, Niklas Sloutski and Fredrik Wirdenius were re-elected and
Ingalill Berglund, Albert Gustafsson, Stephan Leithner and
Christoffer Lundström were elected new Board members. Vagn Sørensen
was re-elected chairman of the Board and PricewaterhouseCoopers AB
was re-elected auditor for the period until the end of the next
annual general meeting. The annual general meeting resolved that fees
to the Board members and the auditor shall be paid in accordance with
the proposal of the nomination committee.

Remuneration guidelines for senior management
Remuneration guidelines for senior management were adopted in
accordance with the Board of Directors' proposal.

Long term incentive program
The annual general meeting resolved to, in accordance with the Board
of Director's proposal, adopt a long term incentive program directed
to not more than 40 senior managers and key employees within the
Scandic group. In addition, the meeting resolved that the company
shall enter into a share swap agreement in order to hedge the
financial exposure of the program, in accordance with the proposal of
the Board of Directors.

Scandic Hotels Group (publ) is required to publish this information
under the Swedish Securities Market Act and/or Financial Instruments
Trading Act. The information was submitted for publication May 12,
2016

at 18:00 CET.
For further information, please contact:
Ann-Charlotte Johansson, VP Communications & IR
Email: ann-charlotte.johansson@scandichotels.com
Phone: +46 (0)72 180 22 44

www.scandichotelsgroup.com

About Scandic
Scandic is the largest hotel company in the Nordic region with 14,400
team members and a network of close to 230 hotels with about 44,000
hotel rooms in operation and under development. Scandic Friends is
the biggest loyalty program in the Nordic hotel sector with 1.7
million members. Corporate responsibility has always been a part of
Scandic's DNA and Scandic has been named Best Hotel Brand in the
Nordic countries (BDRC). Since December 2, 2015, Scandic has been
listed on Nasdaq Stockholm. www.scandichotelsgroup.com

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http://news.cision.com/scandic-hotels-group-ab/r/bulletin-from-scandic-s...
http://mb.cision.com/Main/13379/2008315/515209.pdf

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