LKAB’s Annual General Meeting 2019

April 25, 2019

LKAB's Annual General Meeting was held April 25 at Vetenskapens Hus in Luleå. The AGM decided that a dividend of MSEK 3,164 would be paid to the owner. The entire board was re-elected and Göran Persson was re-elected Chairman of the Board.

The AGM granted the board members and President discharge from liability for the 2016 financial year. The AGM decided that a dividend of MSEK 3,164, corresponding to 4,500 kronor per share, would be paid to the owner for the 2018 financial year. The entire board was re-elected and consists of Göran Persson, Gunnar Axheim, Eva Hamilton, Lotta Mellström, Bjarne Moltke Hansen, Ola Salmén, Gunilla Saltin and Per-Olof Wedin.Göran Persson was re-elected Chairman of the Board.

The registered public accounting firm KPMG AB was elected as auditor. KPMG AB has appointed authorised public accountant Helena Arvidsson Älgne as auditor in charge.

The Annual General Meeting resolved that director’s fees to the Chairman will amount to 650,000 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 mining and 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 about SEK 26 billion in 2018 and employs about 4,200 people in 12 countries. Other group business include industrial minerals, drilling systems, rail transport, rockwork services and property management.