Decisions at the Annual General Meeting of Shareholders of Klövern AB (publ)
2006-04-05
At the Annual General Meeting of Shareholders 5 April 2006 the following decisions have been made among others:
Dividend for the year 2005
For the year 2005 a dividend of SEK 1.00 per share will be paid. 10 April 2006 is record date and the dividend will be paid by VPC AB on 13 April 2006.
Board of Directors and auditor
As Board members Stefan Dahlbo (chairman), Gustaf Hermelin, Lars Holmgren, Anna-Greta Lundh, Johan Piehl, Lars Rosvall and Fredrik Svensson were re-elected. A fee of SEK 875,000 will be paid to the Board, of which SEK 250,000 to be paid to the Chairman of the Board and SEK 125,000 each to the other members. No fee is to be paid to the President & CEO of Klövern. The auditors will be paid in accordance with the account submitted.
Principles for remuneration and other conditions of employment for the executive management
The principles for remuneration and other conditions of employment for the executive management are to be drawn up in accordance with the Boards proposition.
Appointment of the Nominations Committee
The nominations committee is to be appointed annually and consist of the chairman of the Board, and a representative of each owner whose holding in the company as per 31 August exceeds five per cent of the shares and votes of the company, and a representative of the other shareholders. The nominations committee is to appoint a chairperson from among its members, who may not be a member of the Board. The names of the persons who are to serve on the nominations committee are to be published at the latest by 15 September on Klövern’s website.
Amendment to the articles of association
The articles of association are to be adapted to the rules applicable in accordance with the new Companies Act.
Brokerage-free trade
Klövern will invite shareholders to purchase or sell the number of shares required to achieve a holding equivalent to whole trading lots (a trading lot = 500 shares) without payment of brokerage. If the shareholder holds less than 500 shares, the whole holding can be sold free of brokerage. The period of offer and the detailed terms and conditions are to be decided upon by the Board.
Klövern will invite shareholders to purchase or sell the number of shares required to achieve a holding equivalent to whole trading lots (a trading lot = 500 shares) without payment of brokerage. If the shareholder holds less than 500 shares, the whole holding can be sold free of brokerage. The period of offer and the detailed terms and conditions are to be decided upon by the Board.
Nyköping, April 5, 2006
Klövern AB (publ)
For further information, please contact:
Gustaf Hermelin, CEO, tel +46-(0)155-44 33 10, +46-(0)70-560 00 00 gustaf.hermelin@klovern.se
Anders Lundquist, CFO, tel +46-(0)155-44 33 20, +46-(0)70-528 43 33 anders.lundquist@klovern.se
Britt-Marie Einar, Corporate Communications Officer, tel +46-(0)155-44 33 12,
+46-(0)70-224 29 35, britt-marie.einar@klovern.se