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Skanska reports on Annual General Meeting resolutions.

M2 EQUITYBITES-April 7, 2016-Skanska reports on Annual General Meeting resolutions

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Skanska AB (STO:SKAB) on Wednesday reported that at its Annual General Meeting held in Stockholm on 6 April 2016, the dividend for 2015 was approved in accordance with the board of directors' proposal of SEK 7.50 per share. The record date for the dividend is 8 April 2016.

Also, the Annual General Meeting re-elected Par Boman, John Carrig, Johan Karlstrom, Fredrik Lundberg, Nina Linander, Jayne McGivern and Charlotte Stromberg as board members. Hans Biorck was elected as a new board member and chairman of the board.

In addition, the Annual General Meeting approved the board fees for chairman of the board of SEK1,995,000; SEK665,000 for board members; SEK10,000 for members and the chairman of the compensation committee; SEK200,000 for chairman of the audit committee; SEK150,000 for members of the audit committee and SEK200,000 for chairman and members of the project review committee.

Further, the meeting elected EY as auditor, with the auditor in charge as be Hamish Mabon; decided on changes in the Articles of Association regarding notice that notice of a General Meeting of Shareholders has been done; approved the board's proposal for principles for salaries and other remuneration to senior executives and resolved to authorise the board during the period until the next Annual General Meeting to acquire not more than 4,000,000 Series B shares in Skanska.

Reportedly, the intention is to secure delivery of shares to the participants in the long-term share-savings programme, which was approved by the Annual General meeting on 11 April 2013.

According to Skanska, the meeting also resolved to authorise the board during the period until the next Annual General Meeting to transfer not more than 763,000 Series B Shares in Skanska that have been purchased by virtue of previous authorisations to repurchase own shares, for the purpose of covering certain costs, that may occur in relation to the long-term employee ownership programme, resolved by the annual general meetings on 13 April 2010 (Seop 2011 to 2013) and April 11, 2013 (Seop 2014 to 2016).

It was also resolved at the meeting to adopt the board's proposal regarding the long-term share-savings programme Seop (2017 to 2019) for all of the group's permanent employees for the period 2017 to 2019.

Finally, the Annual General Meeting authorised the board to purchase a maximum of 1,500,000 own Series B shares up to the next Annual General Meeting to secure delivery of shares to the participants in the new programme and decided to approve the transfer of not more than 11,210,000 Skanska B shares to participants in the programme. Reportedly, each Annual Programme may comprise no more than 4,500,000 Series B shares in Skanska.

Skanska is a leading project development and construction group with expertise in construction, development of commercial and residential premises and public-private partnerships projects.

(EUR1.00+SEK9.28)

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