LKAB’s Annual General Meeting 2018

April 26, 2018

LKAB's Annual General Meeting was held on April 26, 2018, at Vetenskapens Hus in Luleå. Göran Persson was elected Chairman of the Board, and Lotta Mellström and Per-Olof Wedin were elected as new board members.

The AGM granted the board members and President discharge from liability for the 2016 financial year. The AGM decided that a dividend of MSEK 2,882, corresponding to 4,117 kronor per share, would be paid to the owner for the 2017 financial year.

It was decided that the board would comprise eight members. The Annual General Meeting resolved to re-elect Göran Persson, Gunnar Axheim, Eva Hamilton, Bjarne Moltke Hansen, Ola Salmén and Gunilla Saltin, and to elect Lotta Mellström and Per-Olof Wedin as new board members. Göran Persson was re-elected Chairman of the Board. Hanna Lagercrantz and Leif Darner stepped down from the board.

The registered public accounting firm Deloitte AB was re-elected as auditor. Deloitte AB re-appointed authorised public accountant Peter Ekberg as auditor in charge.

The Annual General Meeting resolved that director’s fees to the Chairman will amount to 640,000 kronor. Other board members who are not employee representatives or employees of the Government Offices will receive SEK 280,000. Auditor invoices will be settled on approval.

The AGM resolved to adopt the Board’s proposal that guidelines for the remuneration of senior executives remain unchanged. The guidelines are consistent with the Government’s employment guidelines for senior executives of state-owned companies as approved on 22 December 2016.

LKAB is an international high-tech minerals group that mines and upgrades the unique iron ore of northern Sweden for the global steel market. Sustainability is core to our business and our ambition is to be one of the industry’s most innovative, resource-efficientand responsible companies. The group had sales of more than SEK 23 billion in 2017 and employs about 4,100 people in 13 countries. Other group business include industrial minerals, drilling systems, rail transport, rockwork services and property management.