The Annual General Meeting (AGM) in Swedish Orphan Biovitrum AB (publ) was held on Thursday, May 8, 2014 at 4.00 p.m. in Wallenbergsalen, at Kungliga Ingenjörsvetenskapsakademien (IVA), Grev Turegatan 16, Stockholm, Sweden.
CEO’s presentation at the AGM
The slides from CEO Geoffrey McDonough’s presentation at the AGM is available for download under “Related Documents”.
Adoption of the profit and loss statements and balance sheet and discharge of liability
The AGM adopted the income statements and the balance sheets and approved the proposal to carry forward the retained profits of SEK 4,672,982,798.
The board members and the chief executive officer were discharged from liability for the financial year 2013.
Election of Board of Directors, remuneration to the Directors and election of Auditor
The ordinary board members Adine Grate Axén, Matthew Gantz, Bo Jesper Hansen, Lennart Johansson, Helena Saxon, Hans GCP Schikan and Hans Wigzell were re-elected to the Board. Annette Clancy was elected as new board member. Bo Jesper Hansen was re-elected chairman of the Board.
The AGM approved the compensation to the Board in accordance with the nomination committee’s proposal.
Ernst & Young was elected as new auditor of Sobi until the end of the annual general meeting 2015.
Principles for remuneration for the management, long-term incentive program and transfer of own shares
The AGM approved the proposed guidelines for remuneration for the management.
The AGM also approved the Board’s proposal regarding the implementation of a long-term incentive program, and hedging arrangements in respect of the program including a directed issue of no more than 396,180 series C shares, authorisation for the Board to decide on a repurchase of all issued series C shares and transfers of no more than 1,100,235 own common shares to program participants.
The Board’s proposal regarding transfer of no more than 338,766 own common shares on the stock exchange for the purpose of covering certain payments, mainly social security contributions, that may occur in relation to the Share Program 2011 and the CEO Share Program 2011, was also approved by the AGM.
For full details on each proposal adopted by the AGM please refer to "Related Documents".