Bulletin from annual general meeting on 27 April 2022 in LMK Group AB (publ)

2022-04-27 16:00:00

On Wednesday, 27 April 2022, LMK Group AB (publ) held its annual general meeting in Stockholm. The annual general meeting revolved upon, among other things, the following.

Adoption of the balance sheets and income statements
The annual general meeting adopted the parent company's income statement and balance sheet, as well as the consolidated income statement and the consolidated balance sheet for the financial year 2021.

Allocation of profit or loss
The meeting resolved on allocation of the company's results according to the adopted balance sheet in accordance with the board's proposal. Consequently, it was resolved on a dividend in accordance with the following:

The board of directors proposes that of unappropriated earning of SEK 792,820,536, a dividend of SEK 1.75 per share shall be paid, corresponding to a total amount of SEK 22,187,536. It was decided that the record date of the dividend is to be the 29 April 2022 and the day of payment is therefore expected to be 4 May 2022.

The board of directors
The board of members and the CEO were discharged from liability for the financial year 2021.

The annual general resolved that the number of board members shall be five (5) and re-elected the board members Mathias Hedlund, Charlotte Gogstad, Gert W. Munthe and Therese Reuterswärd and elected Johan Kleberg as new board member.

The board member Fredrik Kongsli had declined re-election.

The meeting re-elected Mathias Hedlund as chairman of the board.

Board fees
The annual general meeting resolved that fee to each of the board members shall amount to SEK 200,000 annually and a fee to the chairman of the board shall be SEK 500,000 annually.

Auditors
The annual general meeting resolved, in accordance with the nomination committee's proposal, that one auditor shall be elected and that the registered auditing firm KPMG AB shall be re-elected as the company's auditor for the period until the end of the annual general meeting of 2023.

Adoption of a long-term warrant program for senior executives and key employees
The annual general meeting resolved, in accordance with the board's proposal, to adopt a long-term warrant program for senior executives and key employees in LMK Group AB (publ), including to issue not more than 215,000 warrants. The right to subscribe for the warrants shall be granted to the company's senior executives and key employees.

Adoption of a long-term incentive program for senior executives and key employees based on performance share program
The annual general meeting resolved, in accordance with parts of the board's proposal, to adopt a new incentive program in the form of a performance share program for senior executives and key employees. The participants will within the program be granted, free of charge, performance-based share awards that entitle to a maximum of 159,250 shares in LMK Group AB (publ), subject to fulfilment of performance conditions. The delivery of the shares will be ensured by entering into share-swap agreement with a third party. The annual general meeting resolved not to adopt the parts of the board's proposal related to the issue and transfer of warrants.

For further information, please contact:
________________________________________________________________________________

Peter Bodor, Head of Corporate Communications, LMK Group
Mob: +46 706 48 70 65
E-mail: peter.bodor@linasmatkasse.se

Walker Kinman, CEO, LMK Group
Mob: +46 707 22 65 13
E-mail: walker.kinman@linasmatkasse.se

Erik Bergman, CFO, LMK Group
Mob: +46 707 74 49 73
E-Mail: erik.bergman@linasmatkasse.se

About LMK Group

LMK Group was founded in 2008 with the vision of simplifying everyday life by offering a large variety of inspiring meals delivered directly to the customer's front door. Today, the group is the largest supplier of meal kits in the Nordic region and a leader in Scandinavian foodtech. The group operates in Sweden, Norway and Denmark under the brands Linas Matkasse, Godtlevert, Adams Matkasse and RetNemt. In 2020, LMK Group generated SEK 1.2 billion in revenues and delivered approximately 1.74 million meal kits to households in the markets in which the group operates. LMK Group is listed on Nasdaq First North Premier Growth Market. Certified Adviser is FNCA Sweden AB, info@fnca.se, +46 (0) 8528 00 399.

MFN