Telia Company is a Swedish public limited liability company and is bound by the Swedish Companies Act, the Nasdaq Stockholm Rule Book for Issuers, the Swedish Corporate Governance Code and the company’s Articles of Association. The Annual General Meeting is the company’s highest decision-making forum where the owners exercise their shareholder power.
For further information regarding: – Swedish Companies Act (2005:551), Annual Reports Act (1995:1554), Securities Market Act (2007:528): www.riksdagen.se/en, www.government.se – Nasdaq Stockholm (issuer rules and surveillance): www.business.nasdaq.com/list/listing-options/European-Markets – Swedish Corporate Governance Code and specific features of Swedish corporate governance: www.corporategovernanceboard.se.
Telia Company has one type of shares. Each share represents one vote at the Annual General Meeting. As of December 31, 2017, Telia Company had 496,434 shareholders.
The Swedish State is the largest shareholder, owning a 37.3 percent stake at year-end. For companies with State ownership, the Swedish Government has issued an ownership policy, which sets forth requirements related to, responsible business, diversity and gender equality. In companies where the State does not have a majority ownership, the State acts in dialoge with other owners to promote application of the policy.
The Telia Company share is listed on Nasdaq Stockholm and Nasdaq Helsinki. For more information on the Telia Company share and the shareholder structure, see the Board of Directors’ Report.
Annual General Meeting 2017
The Annual General Meeting 2017 was held in Stockholm on April 5, 2017, and decided, among other issues, on the following:
- Approval of the income statement and balance sheet
- Discharged the members of the Board and CEO from liability
- Composition of the Board
- Election of auditors
- Composition of the Nomination Committee
- Appropriation of earnings
- Remuneration policy for the executive management
- Long-term incentive program for key employees
- Authorization for the Board to decide on repurchase of the Company’s own shares, within certain limits, and transfer of the same shares
Telia Company’s Articles of Association are available at:
www.teliacompany.com/en/about-the-company/corporate-governance/articles-of-association/, and AGM minutes and related documents at: www.teliacompany.com/en/investors/annual-general-meeting/ (Information on the Telia Company website does not form part of this Statement)