08 Apr 2008 17:35

SEB's Annual General Meeting 2008

At SEB's Annual General Meeting (AGM) this Tuesday the board members Annika Falkengren, Penny Hughes, Urban Jansson, Tuve Johannesson, Hans-Joachim Körber, Jesper Ovesen, Carl Wilhelm Ros, Jacob Wallenberg and Marcus Wallenberg were re-elected. Steven Kaempfer has declined re-election and Christine Novakovic was elected as a new member of the Board. The AGM re-elected Marcus Wallenberg as Chairman of the Board.
 
At the statutory Board Meeting following the AGM, Jacob Wallenberg and Tuve Johannesson were appointed Deputy Chairmen.
 
The AGM resolved on Directors' fees of SEK 8,950,000 to be distributed as follows: SEK 2,750,000 to the Chairman of the Board and SEK 4,200,000 to the other Directors elected by the AGM with SEK 600,000 each to the Deputy Chairmen and SEK 500,000 each to other board members. For committee work, the AGM resolved a total fee of SEK 2,000,000 split between SEK 510,000 to the Chairman and SEK 325,000 to other member of the Risk and Capital Committee and SEK 387,000 each to the Chairmen and SEK 195,000 each to other members of the Audit and Compliance Committee and the Remuneration and Human Resources Committee. No fee for committee work is distributed to the Chairman of the Board.
 
PricewaterhouseCoopers was re-elected as auditor for the period until and including the AGM 2012.
 
The dividend was approved at SEK 6.50 per share (6.00), with a record date of 11 April, 2008.
 
The AGM approved the Board's proposal for principles for remuneration to the President and the other members of the Group Executive Committee as well as new share-based long-term incentive programmes for 2008 in the form of a share savings programme, a performance share programme and a share matching programme.
 
The AGM also decided on the acquisition and sale of own shares in accordance with the Board's proposal. The decisions of the AGM can be read in full at www.sebgroup.com.
SEB is a North European financial group serving some 400,000 corporate customers and institutions and five million private individuals. SEB has a local presence in the Nordic and Baltic countries, Germany, Ukraine and Russia, and a global presence through its international network in another ten countries. On 31 December 2007, the Group's total assets amounted to SEK 2,344bn while its assets under management totalled SEK 1,370bn. The Group has about 20,000 employees. Read more about SEB at www.sebgroup.com.
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For further information, please contact:
Ulf Grunnesjö, Head of Investor Relations, +46 8 763 85 01, +47 70 763 85 01
Katja Margell, Head of External Communications, +46 8 763 91 63, +47 70 745 91 38