Resolutions at Nolato’s Annual Meeting
Summary of the main resolutions at Nolato’s Annual Meeting.
The meeting was held today in Grevie, and was chaired by Carl-Gustaf Sondén.
Resolution on dividend:
The Annual Meeting approved a dividend of SEK 3.00 (2.40) per share. May 2, 2008 was set as the dividend record date, so the dividend can be expected to be paid out by VPC on May 7, 2008.
Election of the Board and resolution on fees:
The Board members Carl-Gustaf Sondén, Gun Boström, Roger Johanson, Henrik Jorlén, Erik Paulsson and Lars-Åke Rydh were re-elected as Board members. Hans Porat was elected as a new Board member. Carl-Gustaf Sondén was elected as Chairman of the Board.
The Annual Meeting resolved that, until the next Annual Meeting, the Board shall receive fees totalling SEK 900,000, excluding travel allowances (SEK 820,000 for the previous year, which remained unchanged compared with the year before that), to be distributed as follows among the non-employed members elected by the Annual Meeting: Chairman SEK 250,000 (SEK 220,000 for the previous year) and other members SEK 130,000 each (SEK 120,000 for the previous year).
Election of auditors:
For the period until the 2012 Annual Meeting, Alf Svensson was newly elected as ordinary auditor and Camilla Alm Andersson as deputy auditor, both of whom work for KPMG Bohlins AB.
Buy-back of shares:
The Annual Meeting authorised the Board, with a maximum duration of until the next Annual Meeting, to acquire and transfer a maximum of 10 percent of the Company’s own shares, in accordance with the Board’s proposal to the Annual Meeting.
Resolution on the nomination committee:
The Annual Meeting resolved in accordance with the Board’s proposal that the Company should have a nomination committee consisting of one representative for each of the five largest shareholders in terms of number of votes as at the end of September. The names of the five shareholder representatives and the names of the shareholders whom they represent shall be made public as soon as they have been appointed, but no later than six months before the 2009 Annual Meeting. The nomination committee’s mandate period shall run until a new nomination committee has been elected. Unless the members of the nomination committee agree otherwise, the chairman of the nomination committee shall be the member who represents the largest shareholder in terms of number of votes.
The Annual Meeting passed resolutions on adopting the income statement and balance sheet for Nolato AB and the consolidated income statement and balance sheet, and on the distribution of earnings, and discharged the members of the Board and the President from liability for the 2007 financial year.
The CEO’s address to the meeting will be available shortly at www.nolato.se