ICA Gruppen AB: Report from ICA Gruppen’s 2015 Annual General Meeting

Regulatory News:

ICA Gruppen’s 2015 Annual General Meeting was held on Wednesday, 22 April at the Globe Arena in Stockholm. Approximately 400 shareholders and guests participated in the Meeting, which was chaired by the Chairman of the Board Claes-Göran Sylvén.

ICA Gruppen’s Annual General Meeting approved the proposed dividend of SEK 9.50 per ordinary share for the 2014 financial year. 24 April 2015 was set as the record date for receiving a dividend. Dividends are expected to be paid by Euroclear Sweden AB on Wednesday, 29 April 2015.

The Annual General Meeting resolved on re-election of Board members Peter Berlin, Göran Blomberg, Cecilia Daun Wennborg, Andrea Gisle Joosen, Fredrik Hägglund, Bengt Kjell, Magnus Moberg, Jan Olofsson and Claes-Göran Sylvén. Jeanette Christensen Jäger was elected as a new member of the Board. Claes-Göran Sylvén was re-elected as the Chairman of the Board.

The Meeting resolved that total fees to the board amount to SEK 4,100,000, of which SEK 950,000 to be paid to the Chairman of the Board and SEK 350,000 to each of the other members elected by the Meeting. It was further resolved that SEK 1,125,000 be allocated for committee work. Fees to auditors to be paid in accordance with approved invoices.

Registered accounting firm Ernst & Young Aktiebolag was re-elected as auditor. Ernst & Young Aktiebolag have announced that they will appoint Erik Åström as Senior Auditor.

The Meeting adopted the income statements and balance sheets for the Parent Company and for the Group and granted discharge from liability for the members of ICA Gruppen’s Board of Directors and the CEO for the 2014 financial year.

The Meeting resolved on principles for the composition of the Nomination Committee in accordance with the proposal from the Board and the Nomination Committee.

The Meeting resolved on principles for remuneration and other employment terms for senior executives, which essentially correspond to the principles adopted at the 2014 Annual General Meeting. Remuneration shall comprise basic salary, pension and two variable remuneration schemes in the form of a cash bonus, one of which runs for one year and the other for three years. Senior executives are expected to invest annually in shares in ICA Gruppen corresponding to 5-10% of their gross salary. After 12 months, senior executives are entitled under certain conditions to receive a net amount corresponding to half of the amount invested.

The Meeting resolved, in accordance with the Board’s proposal, to authorise the Board to decide on a transfer of a maximum of 141,655 ordinary shares held by ICA Gruppen AB.

A recorded version of CEO Per Strömberg’s address to the Annual General Meeting is available at www.icagruppen.se/arsstamma-2015.

ICA Gruppen AB discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 12.30 CET on Wednesday, 22 April 2015.

ICA Gruppen AB (publ) is a leading retail company with a focus on food and health. The Group includes ICA Sweden and Rimi Baltic which mainly conduct grocery retail, ICA Real Estate which owns and manages properties, ICA Bank which offers financial services and, since January 2015, Apotek Hjärtat which conducts pharmacy operations. The Group also includes the wholly owned portfolio company inkClub and the partly owned portfolio company Hemtex. For more information see icagruppen.se

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