Indutrade’s Annual General Meeting was held on May 4, 2009, at IVA’s Conference Center, Grev Turegatan 16, Stockholm.
The General Meeting set the dividend at SEK 6.40 per share. The record date for payment was set to May 7, 2009. Dividend payments are expected to be made via Euroclear Sweden on May 12, 2009.
Bengt Kjell, Ulf Lundahl, Eva Färnstrand, Michael Bertorp, Owe Andersson, Johnny Alvarsson och Gerald Engström were re-elected as directors. Mats Jansson has declined re-election. Bengt Kjell was re-elected as chairman of the board.
The General Meeting resolved on instructions regarding the appointment of the nominating committee, implying mainly to assign the chairman of the board with the task of contacting the four largest owners in voting rights registered in the shareholders’ ledger administered by Euroclear Sweden (ownership-grouped) as per August 31, 2009. These four owners will each appoint a representative who is not a member of the board of the Company to form the nominating committee together with the chairman of the board for the time until a new nominating committee has been appointed, based on the mandate of the next Annual General Meeting. The composition of the nominating committee will be made public not later than six months ahead of the 2010 Annual General Meeting.
The General Meeting resolved to adopt guidelines for remuneration and other terms of employment of the senior management, mainly stipulating that remuneration will normally consist of a fixed amount and a variable amount, be market adjusted and based on competence, responsibility and achievement. Non-monetary benefits and pension benefits for senior management should be reasonable and competitive.
The General Meeting resolved to authorize the board to issue a maximum of 4,000,000 shares and, in relation to such issues, deviate from the shareholders’ pre-emption rights. Under the General Meeting’s authorization, the board may only resolve on issues of new shares against consideration in kind and set-off of claims. Set-off of claims will only be possible against promissory notes issued by the Company as consideration for shares in companies acquired by the Company. Share issues must be made on market terms.
Information about the Annual General Meeting is available at the Company and on the Company’s website: www.indutrade.se, look under Investor relations/AGM/AGM 2009.
Stockholm, May 5, 2009
INDUTRADE AB (publ)