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Dometic reports on resolutions at Annual Shareholders' Meeting.

M2 EQUITYBITES-April 26, 2016-Dometic reports on resolutions at Annual Shareholders' Meeting

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Dometic AB (STO:DOM) on Monday reported that at the annual shareholders' meeting held on 25 April 2016, it was resolved, that in accordance with the nomination committee's proposal, the number of board members shall be seven with no deputy board members and that the company shall have a registered auditing firm as auditor without deputy auditor.

Fredrik Cappelen, Albert Gustafsson, Rainer E. Schmuckle, Magnus Yngen, Harry Klagsbrun, Gun Nilsson and Erik Olsson were, in accordance with the nomination committee's proposal, re-elected for the period up to the end of the annual shareholders' meeting 2017. In accordance with the nomination committee's proposal, PricewaterhouseCoopers AB was, re-elected as auditor.

Also, the annual shareholders' meeting resolved, in accordance with the nomination committee's proposal, that the total board remuneration shall be distributed with SEK625,000 to the chairman of the board of directors and SEK325,000 to each of the other board members.

Remuneration for the committee work shall be paid in total to a maximum of SEK450,000, of which SEK250,000 shall be allocated to the audit committee (whereof SEK100,000 to the chairman of the committee and SEK50,000 to each of the other members) and SEK200,000 to the remuneration committee (whereof SEK100,000 to the chairman of the committee and SEK50,000 to each of the other members).

In addition, the annual shareholders' meeting resolved, in accordance with the nomination committee's proposal that remuneration to the auditor shall be paid in accordance with approved invoices within the auditor's quotation.

Further, the annual shareholders' meeting resolved, in accordance with the proposal from the board of directors included in the notice and the annual report, to adopt guidelines for remuneration to the executive management. The overall remuneration package may consist of the base salary, variable salary based on short-term annual performance targets, long-term incentives, pension and other benefits, including non-monetary benefits.

Dometic added that the annual shareholders' meeting resolved to adopt principles for appointment of the nomination committee for the annual shareholders' meeting 2017, in accordance with the nomination committee's proposal. In summary, the principles provide that nomination committee should be composed of the three largest shareholders, based on ownership in the company as of the expiry of the third quarter of the financial year, and the chairman of the board. The board should convene the nomination committee.

Finally, the annual report and the auditor's report as well as the consolidated financial statements and the auditor's report for the group for 2015 were adopted and the members of the board and the chief executive officer were discharged from liability for their respective management of the company in 2015.

The annual shareholders' meeting resolved, in accordance with the proposal from the board of directors, that the company's results shall be carried forward.

Dometic is a provider of branded solutions for mobile living in the areas of Climate, Hygiene & Sanitation and Food & Beverage. Dometic operates in the Americas, EMEA and Asia Pacific, providing products for use in recreational vehicles, trucks and premium cars, pleasure and workboats, and for a variety of other uses.

(EUR1.00=SEK9.17)

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Date:Apr 26, 2016
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