Annual Meeting 2005
The Annual Shareholders' Meeting of Nolato AB was held on April 27, 2005, with some 170 shareholders attending.
Carl-Gustaf Sondén was elected chairman of the Meeting.
Gun Boström, Georg Brunstam, Henrik Jorlén, Erik Paulsson, Carl-Gustaf Sondén and Claes Warnander were re-elected as Board members, and Lars-Ĺke Rydh was elected as a new Board member. Carl-Gustaf Sondén was elected Chairman of the Board.
The Annual Meeting adopted the Board's proposal to distribute a dividend of SEK 1.75 per share for the 2004 financial year. The record date for the distribution of dividends was fixed as May 2, 2005, and the dividends are expected to be sent out from VPC (the Swedish Securities Register Center) on May 6, 2005.
The director's fee that was adopted totaled SEK 730,000 for Board members elected by the Annual Meeting who are not employed by Nolato, with SEK 180,000 of this going to the Chairman of the Board and SEK 110,000 going to each of the other Board members.
The Board of Directors and the President were discharged from any liability for the 2004 financial year.
The Annual Shareholders' Meeting decided that the Company is to have a nomination committee consisting of representatives for each of the five largest shareholders based on voting rights as of September 30. The names of the five shareholder representatives and the names of the shareholders they represent shall be disclosed as soon as they have been appointed, but no later than six months prior to the 2006 Annual Shareholders' Meeting. The term of the nomination committee shall run until a new nomination committee is appointed. Unless the committee members agree otherwise, the chairman of the nomination committee shall be the member that represents the largest shareholder based on voting rights.
The nomination committee shall put together a proposal on the matters below which will be submitted to the 2006 Annual Shareholders' Meeting for adoption:
proposal for Chairman of the Annual Meeting
proposal for the Board of Directors
proposal for the Chairman of the Board
proposal for the director's fee, and how it is to be divided between the Chairman and the other Board members
proposal for remuneration to the Company's auditors
proposal on the nomination committee prior to the 2007 Annual Shareholders' Meeting
During the Meeting, the Chairman of the Board reported on the work of the compensation committee and on the Board's work on auditing matters. The chairman of the nomination committee, Henrik Jorlén, reported on the work of the nomination committee.
Next Annual Shareholder's meeting: April 27, 2006.
LINK[314,The CEO address]
LINK[/downloads/nolato_ceopres_genmeet05.pdf,Slides used at tha CEO address]
