Press release from the Annual General Meeting of FinnvedenBulten AB (publ) April 26, 2012
FinnvedenBulten AB (publ) has held its Annual General Meeting on April 26, 2012. Below is a summary of the decisions made at the meeting.
Adoption of the income statement and balance sheet, and discharge from liability
The AGM adopted the income statement and the balance sheet, and the consolidated income statement and the consolidated balance sheet for 2011. The AGM granted the Board of Directors and President discharge from liability for the 2011 financial year.
Resolution regarding allocation of the Company’s earnings
In accordance with the Board of Directors’ proposal, the AGM decided on a dividend of SEK 2.00 per share. The record day was established as May 2, 2012 and the dividend is expected to be distributed by Euroclear Sweden AB on May 7, 2012.
Resolution regarding changes to the term of appointment and re-appointment of auditors
The AGM decided to make a change to the Articles of Association and as a result the auditor’s term of appointment shall be reduced from the current four years to the end of the first AGM held after the year the auditor is appointed. PricewaterhouseCoopers was re-appointed as the Company’s auditor.
Establishment of fees to Board Directors
The AGM made a decision regarding establishment of fees to Board Directors according to the Nomination Committee’s proposal for decision, which means the same terms as previous year.
Election of Board Directors and the Chairman of the Board
The AGM decided that Roger Holtback, Hans Gustavsson, Arne Karlsson and Adam Samuelsson should be re-elected as ordinary Board Directors and that Johan Lundsgård should be newly elected as an ordinary Board Director. Roger Holtback was re-elected as the Chairman of the Board.
Resolution regarding guidelines for remuneration for senior management
The AGM decided on the guidelines for remuneration to senior management, in accordance with the Board of Directors’ proposed resolution.
Furthermore, the AGM decided, for example, to establish the fee for the auditor, decided on the establishment of principles for the nomination committee’s appointment as well as instructions for the nomination committee and remuneration for the nomination committee’s members in accordance with the proposed resolution.
Gothenburg, April 26, 2012
FinnvedenBulten AB (publ)
For further information, please contact:
Kamilla Oresvärd, Vice President Corporate Communications
Tel: +46 (0)70-520 59 17, e-mail: firstname.lastname@example.org
The information in this announcement is required to be disclosed by FinnvedenBulten AB (publ) under the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 13:00 CET on, April 26, 2012.
FinnvedenBulten develops and manages industrial businesses, offering products, technical solutions and systems in metallic materials. The Group operates as a business partner to international customers in the engineering industry, primarily the automotive industry. FinnvedenBulten is structured into two divisions – Bulten and Finnveden Metal Structures – both with strong positions in their respective customer segments. FinnvedenBulten is listed on NASDAQ OMX Stockholm. Further information at www.finnvedenbulten.com.