Press release -
Bulletin from the Annual General Meeting in Dustin Group 2017/18
Dustin Group AB (publ) (”Dustin” or the ”Company”) today held its Annual General Meeting (the "AGM"). The AGM resolved in accordance with all proposals by the Board and the Nomination Committee.
The AGM re-elected Mia Brunell Livfors, Caroline Berg, Gunnel Duveblad, Johan Fant, Tomas Franzén, Mattias Miksche and Morten Strand as directors of the Board for the time until the next Annual General Meeting. Mia Brunell Livfors was re-elected as Chairman of the Board. The AGM re-elected the registered accounting firm Ernst & Young AB as auditor for the time until the next Annual General Meeting Jennifer Rock-Baley will continue as auditor-in-charge.
The AGM approved the annual report for 2017/18 and resolved on a dividend which after required recalculation for execution amounts to SEK 239,181,507.89, which distributed on all outstanding shares in the company corresponds to SEK 2.71 per share. The record date was decided to be Thursday 13 December 2018. The dividend is estimated to be paid out to the shareholders on Tuesday 18 December 2018.
The AGM discharged the directors of the Board and the CEO from liability for the financial year 2017/18.
The AGM also resolved to:
- approve remuneration to the Board and auditor and procedures for the Nomination Committee;
- approve guidelines for the remuneration to senior executives as well as the principles and scope for Dustin's long term share-related incentive plan 2019. The Incentive plan consists of an issue of not more than 1,323,882 warrants within the scope of an employee incentive plan for group management and other key employees. In total, not more than 25 persons will be invited to participate in the plan. The warrants shall be subscribed for by the wholly-owned subsidiary Dustin AB, which shall transfer the warrants to employees within the group. The transfer of the warrants to the participants shall be made at a price corresponding to the market value of the warrant. Based on the current number of shares and votes outstanding in the Company, the proposed incentive plan implies, upon exercise of all 1,323,882 warrants, a full dilution corresponding to approximately 1.5 per cent of the total number of shares and votes in the Company. The incentive plan also gives participants in Norway and the Netherlands a possibility to participate in a synthetic option plan. Information about Dustin’s current incentive plans is available in the annual report and on the Company’s website, www.dustingroup.com.
For further information, please contact:
Eva Ernfors, Head of Information: eva.ernfors@dustin.se, +46 70 258 62 94
About Dustin
Dustin is a leading online based IT-partner with operations in the Nordics and the Netherlands. The Company offers IT products with associated services and solutions to companies, the public sector and private individuals with a main focus on small and medium-sized companies. Dustin functions as a bridge between the manufacturers’ wide-ranging offerings and customer requirements. The Company offers some 255,000 products with associated services where Dustin’s employees support customers in finding the appropriate solution.
Dustin has approx. 1.500 employees. Sales for the 2017/18 financial year amounted to SEK 10.3 billion. More than 90 per cent of Dustin’s income derives from the corporate market. Dustin Group has been listed on Nasdaq Stockholm since 2015 and has its head office in Nacka, Stockholm.
