May 9, 2019
The Annual General Meeting approved the proposal allowing Board members to receive half of the Board fee in the form of synthetic shares and the remaining part in cash. The Annual General Meeting also approved that the obligation of the Company to pay an amount corresponding to the synthetic shares shall be hedged through the purchase of own series A shares.
The Annual General Meeting re-elected Deloitte AB as the Company’s auditing company.
The Annual General Meeting approved the proposal of the Board of Directors regarding guiding principles for remuneration to senior executives (CEO and other members of Group Management) and a performance based personnel option plan for 2019.
The Annual General Meeting authorized the Board to decide on the purchase and transfer of own series A shares, in order to fulfill obligations related to the performance stock option plan for 2019, and to the part of the Board fee that consists of synthetic shares. The Board was authorized to sell shares in order to fulfill obligations related to the performance stock option plans for 2014, 2015 and 2016, and to cover costs related to synthetic shares to the Board of Directors.
A statutory Board meeting was held after the Annual General Meeting. Ulla Litzén, Chair, Anders Ullberg and Ronnie Leten were re-elected to serve on the Audit Committee. Ronnie Leten, Chair, Lennart Evrell and Johan Forssell were re-elected as members of the Remuneration Committee.
The speech to the shareholders by Epiroc’s President and CEO Per Lindberg will be published on the Group's website https://www.epirocgroup.com/en/investors/corporate-governance/general-meetings where the minutes from the Annual General Meeting will also be published.