Results of the Annual General Meeting in Scandinavian Tobacco Group A/S
27 April 2017 - 2:08AM
COMPANY
ANNOUNCEMENT
No. 12/2017
Copenhagen, 26 April 2017
Results of the Annual General
Meeting in Scandinavian Tobacco Group A/S
Scandinavian Tobacco Group A/S (the "Company")
held its Annual General Meeting today. The outcome of the General
Meeting was as follows:
1. Adoption of the audited annual report
The audited annual report
was adopted by the General Meeting.
2. Appropriation of profit or loss as recorded in the adopted
annual report
The General Meeting approved the
Board of Directors' proposal that for the financial year 2016 the
Company pays a dividend of DKK 5.50 per share of DKK 1.
3. Adoption of the remuneration of the Board
of Directors and any Board committees
The General Meeting approved the
Board of Directors' proposal for compensation to the Board of
Directors for the financial year 2017 as follows:
- Ordinary members of the Board of
Directors are paid a base annual fee of DKK 400,000
- The Chairman receives three
times the base annual fee
- The Vice-chairman receives 1.75
times the base annual fee
- The chairman of the Audit
Committee receives a fee corresponding to 75 percent of the base
annual fee
- Other members of the Audit
Committee receive a fee corresponding to 37.5 percent of the base
annual fee
- The chairman of each of the
Remuneration Committee and Nomination Committee receive a fee
corresponding to 25 percent of the base annual fee
- The members of each of the
Remuneration Committee and Nomination Committee receive a fee
corresponding to 12.5 percent of the base annual fee
The fees for the chairmen and
members of the committees are in addition to their fee as chairman,
vice-chairman or member of the Board of Directors.
4. Election of members to the Board of
Directors
The general meeting re-elected
Nigel Northridge, Søren Bjerre-Nielsen, Dianne Neal Blixt, Conny
Karlsson, Luc Missorten and Henning Kruse Petersen and elected
Henrik Brandt as members of the Board of Directors.
5. Election of auditor(s)
PricewaterhouseCoopers
Statsautoriseret Revisionspartnerskab was re-elected as auditor of
the Company.
--o--
The Board of Directors has appointed Nigel Northridge as Chairman
of the Board of Directors and Henrik Brandt as Vice-chairman.
Members of the Audit Committee are Søren
Bjerre-Nielsen (chairman), Dianne Blixt and Luc Missorten. Members
of the Nomination and Remuneration Committees are Nigel Northridge
(chairman), Henrik Brandt, Conny Karlsson and Søren
Bjerre-Nielsen.
For further information, please
contact:
For media enquiries:
Kaspar Bach Habersaat, Director of Group Communications, phone: +45
7220 7152
or kaspar.bach@st-group.com.
For investor enquiries:
Torben Sand, Head of Investor Relations, phone: +45 7220 7126 or
torben.sand@st-group.com.
About
Scandinavian Tobacco Group
Scandinavian Tobacco
Group A/S with its subsidiaries (the "Group")
is a world leading producer of cigars and traditional pipe tobacco.
The Group also produces fine-cut tobacco and sells tobacco-related
accessories. The Group produces and sells 3 billion cigars and
5,000 tonnes of pipe and fine-cut tobacco annually. Scandinavian
Tobacco Group believes it is the only company globally with a core
strategic focus on production and distribution in all of these
tobacco categories.
Scandinavian Tobacco
Group holds market-leading positions in the machine-made cigar
market in Europe, the handmade cigar market in the US, the online
and catalogue retail sales of cigars in the US, the traditional
pipe tobacco market globally and in selected fine-cut tobacco
markets.
Scandinavian Tobacco
Group has a diversified portfolio of more than 200 brands providing
a complementary range of established global brands and local
champions. In the cigar segment, the brand portfolio
comprises Café Crème, La Paz, Macanudo, CAO, Partagas (US) and
Cohiba (US). Pipe tobacco brands include Captain Black, Erinmore,
Borkum Riff and W.Ø. Larsen, while leading fine-cut tobacco brands
include Bugler, Break, Escort, Bali Shag and Tiedemanns.
As at 31 December 2015,
the Group employed approx. 8,100 people in the Dominican Republic,
Honduras, Nicaragua, Indonesia, Europe, New Zealand, Australia,
Canada and the US.
For more information
please visit www.st-group.com.
STG - Results of the AGM 2017,
26.4.2017
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Scandinavian Tobacco Group A/S via
Globenewswire
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