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TeliaSonera AGM Decides To Implement Long-term Incentive Program 2016/2019

Swedish telecommunications firm TeliaSonera (0H6X.L, TLSNY.PK) said that its Annual General Meeting approved the income statement and balance sheet for 2015. The AGM decided to implement a long-term incentive program 2016/2019 but did not approve hedging arrangements for the program. The Board of Directors will get back regarding alternative hedging arrangements. The program may include approximately 200 key persons.

The Meeting decided on the amendment of the Company's articles of association regarding change of the Company name from TeliaSonera AB to Telia Company AB.

The AGM decided upon a dividend to shareholders of SEK 3.00 per share and that the payment should be distributed in two equal tranches of SEK 1.50 each and April 14, 2016, and October 25, 2016, respectively, were decided as the record dates for the dividend. With these record dates, it is estimated that the dividend will be sent out from Euroclear on April 19, 2016, and on October 28, 2016, respectively.

The Annual General Meeting discharged the Board of Directors from liability for the financial year 2015. The Annual General Meeting discharged CEO and President Johan Dennelind from liability for the financial year 2015.

Ordinary members of the Board Marie Ehrling, Olli-Pekka Kallasvuo, Mikko Kosonen, Nina Linander and Martin Lorentzon were re-elected. Susanna Campbell, Anna Settman and Olaf Swantee were elcted new members to the Board. Marie Ehrling was elected as Chair of the Board and Olli-Pekka Kallasvuo was elected Vice-Chair of the Board.

It was decided that the number of auditors shall be one and Deloitte AB was elected until the end of the Annual General Meeting 2017. Remuneration to the auditors shall be paid as per invoice.

Daniel Kristiansson (Swedish State), Kari Järvinen (Finnish State via Solidium Oy), Johan Strandberg (SEB Fonder), Anders Oscarsson (AMF and AMF Fonder) and Marie Ehrling (Chair of the Board of Directors) were elected to the Nomination Committee.

The Annual General Meeting decided to approve the proposal from the Board of Directors regarding guidelines for remuneration to the executive management.

The Annual General Meeting authorized the Board of Directors to carry out acquisitions of own shares at one or more occasions prior to the Annual General Meeting 2017 on Nasdaq Stockholm and/or Nasdaq Helsinki or in accordance with an offer to acquire shares directed to all shareholders, whereby a maximum of 10 percent of all shares in the company may be acquired.

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