Report from the Annual General Meeting of Coor Service Management Holding AB (publ) 2016

Coor Service Management Holding AB’s Annual General Meeting was held today, Thursday, April 28, 2016, at the conference center Kista Entré in Kista, Stockholm. The Meeting was led by Anders Narvinger.

The Annual General Meeting adopted the income statements and the balance sheets and approved the Board’s proposal of dividend of SEK 2.00 (whereof SEK 1.40 is ordinary and SEK 0.60 extra dividend) per share. The record date for the dividend was set to May 2, 2016 and the dividend is expected to be distributed through Euroclear Sweden AB on May 6, 2016. The Meeting further resolved on discharge from liability for the members of the Board of Directors and the President and CEO.

The Meeting approved the motion put forward by the Nomination Committee to increase the number of members of the Board of Directors elected by the Meeting from seven to eight. It was resolved to re-elect Anders Narvinger, Monica Lindstedt, Kristina Schauman, Sören Christensen, Mats Jönsson and Mikael Stöhr as Board members. The meeting also elected Heidi Skaaret and Mats Granryd as new Board members. Bernt Magnusson had declined re-election.

Anders Narvinger was re-elected as Chairman of the Board of Directors.

The Meeting resolved to re-elect PricewaterhouseCoopers AB as auditor for the period until the end of the Annual General Meeting 2017.

The Meeting resolved on a yearly fee to the Chairman of the Board of SEK 700,000, and fees to other non-employee members of the Board, elected by the Meeting, of SEK 250,000 each. Fees for committee work to non-employee members of the committees, elected by the Meeting, were approved as follows; SEK 150,000 to the Chairman of the Audit Committee and SEK 100,000 to each of the other members of the Audit Committee, SEK 50,000 to each of the Chairmen of the Remuneration and Project Committee and SEK 50,000 to each of the other members of the Remuneration and Project Committee. The Meeting further resolved that fees to the auditor shall be paid in accordance with approved invoices.

The Meeting adopted an instruction for the Nomination Committee in accordance with the proposal of the Nomination Committee and guidelines for remuneration to senior management in accordance with the proposal of the Board of Directors.

 
Coor Service Management
(Coor) is a leading provider of facility management services in the Nordics, focusing on integrated and complex service undertakings (IFM). Coor offers specialist expertise in workplace services (soft FM), property services (hard FM) and strategic advisory services for development of customers’ service activities. Coor creates value by executing, leading, developing and streamlining its customers’ service activities, ensuring that they provide optimal support to the core business over time. Coor’s customer base includes many large and small companies and public-sector organisations across the Nordic region, including AB Volvo, Aibel, Det Norske Veritas, E.ON, Ericsson, EY, ICA, NCC, Politiet (Danish Police), Saab, Sandvik, SAS, Skanska, Statoil, TeliaSonera, Swedish Transport Administration, Vasakronan and Volvo Cars.

Coor was founded in 1998 and is listed on Nasdaq Stockholm since 2015. At 31 March 2016, the company had 6,100 employees (FTE) based mainly in Sweden, Denmark, Norway and Finland, and annual sales of SEK 7,500 million (rolling twelve-month basis). Coor takes responsibility for the operations it conducts, in relation to its customers, employees and shareholders, as well as for its wider impact on society and the environment. Read more at www.coor.com