Scandinavian Tobacco Group A/S: Result of Annual General Meeting
April 26 2016 - 11:52AM
COMPANY
ANNOUNCEMENT
No. 18/2016
Copenhagen, 26 April 2016
RESULT OF ANNUAL GENERAL
MEETING
OF 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. Adoption of the
remuneration of the board of directors and any board committees
The general meeting approved the board of directors'
proposal that compensation for the board of directors for the
financial year 2016 is set based on a base annual fee of DKK
400,000 to each member. Furthermore, the chairman will receive
three times the base annual fee and the vice-chairman will receive
1.75 times the base annual fee. The chairman of the Audit Committee
will receive (in addition to the base annual fee as board member) a
fee corresponding to 75 percent of the base annual fee for members
of the board of directors. Other members of the Audit Committee
will receive (in addition to the base annual fee as board members)
a fee corresponding to 37.5 percent of the base annual fee for
members of the board of directors. The members of each of the
Remuneration Committee and Nomination Committee will receive (in
addition to the base annual fee as board members), a fee
corresponding to 12.5 percent of the base annual fee for members of
the board of directors. The chairman of each of the Remuneration
Committee and Nomination Committee will receive (in addition to the
base annual fee as board members) a fee corresponding to 25 percent
of the base annual fee for members of the board of
directors.
3. 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 2015 the Company pays a
dividend of DKK 5.00 per share of DKK 1.
-
Election of members to the board of
directors
The general meeting re-elected Jørgen Tandrup, Søren
Bjerre-Nielsen, Dianne Neal Blixt, Marlene Forsell, Conny Karlsson,
Luc Missorten and Henning Kruse Petersen and elected Nigel
Northridge as members of the board of directors.
-
Election of auditor(s)
PricewaterhouseCoopers Statsautoriseret
Revisionspartnerskab was re-elected as auditor of the
Company.
The Board of Directors has appointed Jørgen Tandrup as chairman of
the board of directors and Nigel Northridge as
vice-chairman.
Members of the Audit Committee are Søren Bjerre-Nielsen (chairman),
Dianne Blixt and Marlene Forsell. Members of the Nomination and
Remuneration Committees are Jørgen Tandrup (chairman), Nigel
Northridge and Conny Karlsson.
Scandinavian Tobacco Group
A/S
The Board of Directors
For further information, please
contact:
For media inquiries:
Kaspar Bach Habersaat, Director of Group Communications, phone: +45
7220 7152
or kaspar.bach@st-group.com.
For investor inquiries:
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.
Result of the 2016 AGM of
Scandinavian Tobacco Group AS
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX 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
HUG#2006392
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