GÖTEBORG, Sweden, April 06, 2017 /PRNewswire/ --
The Annual General Meeting of AB Volvo held on April 4, 2017, approved the Board of Directors'
motions that a dividend of SEK 3.25 per share be paid to the company's shareholders. The record
date for dividends was decided to be April 6, 2017.
The income statement and balance sheet as well as the consolidated income statement and the consolidated balance sheet were
adopted. In accordance with the Board of Directors' motion, it was resolved that a dividend of SEK
3.25 per share would be paid to the shareholders. April 6, 2017, was decided as the record date for the right to
receive dividends. Disbursement of the dividend by Euroclear Sweden AB is scheduled to occur on Tuesday
April 11, 2017.
The Board Members, Board Deputies and the President were discharged from liability for their administration during the 2016
fiscal year.
Matti Alahuhta, Eckhard Cordes, James W. Griffith, Martin Lundstedt, Kathryn V. Marinello, Martina
Merz, Hanne de Mora, Håkan Samuelsson, Helena Stjernholm,
Carl-Henric Svanberg and Lars Westerberg were reelected as members
of the Board. Carl-Henric Svanberg was reelected as Chairman of the Board.
Individual fees payable to the members of the Board were adopted as follows. The Chairman of the Board was allocated
SEK 3,400,000 and each of the other members SEK 1,000,000 with the
exception of the President who does not receive a director's fee. In addition, the Chairman of the Audit Committee was allocated
SEK 350,000, the other members of the Audit Committee SEK 160,000
each and the Chairman of the Remuneration Committee was allocated SEK 140,000 and the other members
of the Remuneration Committee SEK 105,000 each. The Chairman of the new Volvo CE-committee was
allocated SEK 175,000 and the other members of the Volvo CE-committee SEK 150,000
each.
Bengt Kjell, representing AB Industrivärden, Lars Förberg, representing Cevian Capital,
Yngve Slyngstad, representing Norges Bank Investment Management, Pär Boman, representing
Handelsbanken, SHB Pension Fund, SHB Employee Fund, SHB Pensionskassa and Oktogonen, and the Chairman of the Board were elected
members of the Election Committee. The Meeting resolved that no fees shall be paid to the members of the Election Committee. The
Meeting also adopted the Election Committee's motion to amend the Instructions for the AB Volvo Election Committee. The change
entails an adaptation to the new rules on auditors and audit, which came into effect during 2016.
A remuneration policy for senior executives was adopted in accordance with the Board of Directors' motion.
Journalists who would like further information, please contact:
Joakim Kenndal,
tel. +46 (0)31-323 7229 or +46 (0)765-537229.
For more stories from the Volvo Group, please visit www.volvogroup.com/press.
The Volvo Group is one of the world's leading manufacturers of trucks, buses, construction equipment and marine and industrial
engines. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 95,000
people, has production facilities in 18 countries and sells its products in more than 190 markets. In 2016 the Volvo Group's
sales amounted to about SEK 302 billion (EUR 31,9 billion). The Volvo
Group is a publicly-held company headquartered in Göteborg, Sweden. Volvo shares are listed on
Nasdaq Stockholm. For more information, please visit www.volvogroup.com.
This information was brought to you by Cision http://news.cision.com
http://news.cision.com/volvo/r/annual-general-meeting-of-ab-volvo,c2232281
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SOURCE Volvo