Mar 23, 2017 6:30 PM CET
The Annual General Meeting (the "Meeting") in Com Hem Holding AB (publ) was held today in Stockholm.
Election of members of the Board and auditor
The Meeting resolved to re-elect Andrew Barron, Nicholas Stathopoulos, Joachim Ogland, Monica Caneman, Eva Lindqvist and Anders Nilsson as members of the Board. Andrew Barron was re-elected as the chairman of the Board.
The Meeting further resolved to re-elect KPMG AB as registered audit firm for the period until the next Annual General Meeting.
The Meeting resolved to distribute dividend of SEK 4.00 per share, distributed on two payment occasions of SEK 2.00 per share and payment occasion for the 2016 financial year. The first record date for dividend will be 27 March 2017 and the second record date will be 26 September 2017. The dividend payment is expected to be distributed by Euroclear on 30 March 2017 and 29 September 2017 respectively.
Repurchase of warrants
The Meeting resolved to offer to repurchase warrants from certain Board members and senior executives as holders of warrants of series 2014/2017 and 2014/2018.
The Meeting resolved to implement a long-term share savings incentive program for senior managers and certain other key employees within the Com Hem Group ("LTIP 2017") and to transfer treasury shares as hedge for delivery under LTIP 2017. The Meeting also resolved to adopt a detail amendment of the terms for the long-term share savings incentive programs that were adopted at the AGM 2016 (LTIP 2016) and the AGM 2015 (LTIP 2015) respectively.
Buy-back of shares
The Meeting authorized the Board to, until the end of the next Annual General Meeting, on one or more occasions, resolve on acquisitions of shares in the Company to such extent that the Company's holding at any time does not exceed a tenth of the total number of shares in the Company.
Reduction and increase of share capital
The Meeting resolved to reduce the share capital by 5 609 209 SEK by way of cancellation of 5 071 161 own shares and to simultaneously increase the share capital by way of a bonus issue with a corresponding amount. The total number of shares in the Company after the cancellation amounts to 183 879 479.
Further, the Meeting resolved upon an additional reduction of the share capital by way of cancellation of such own shares that are held by the Company at the date of the notification of the resolution to the Swedish Companies Registration Office.
Amendment to the Articles of Association
The Meeting resolved on two amendments to the company’s Articles of Association – to give the General Meeting greater flexibility in relation to the auditors’ term of office, and an adaptation due to that the Swedish Financial Instruments Accounts Act (1998:1479) has changed name.
For queries, please contact:
Marcus Lindberg, Investor Relations Manager
Tel: +46(0)734 39 25 40
Fredrik Hallstan, Head of PR
Tel: +46(0)761 15 38 30
About Com Hem Group
Com Hem Group offers broadband, TV, play and telephony services to Swedish households and companies. Our powerful and future-proofed network with speeds up to 1 Gbit/s, covers half of the country’s households, making the Com Hem Group an important driver of creating a digital Sweden. We bring our 1.5 million customers the largest range of digital tv channels and play services via set-up boxes as well as on-the-go for tablets and smartphones. The company was founded in 1983 and has approximately 1,100 employees. Com Hem Group is headquartered in Stockholm and operates through four subsidiaries; Com Hem AB, Boxer TV Access AB, Phonera Företag AB and iTUX Communication AB. In 2016, Group sales totalled in 5,665 SEK million. Since 2014 the Com Hem share is listed on Nasdaq Stockholm. www.comhemgroup.com.