The Annual General Meeting set the dividend at SEK 3.75 per share. The record date for payment of the dividend was set at May 2. Dividend payments are expected to be made via VPC on May 7.
Bengt Kjell, Curt Källströmer, Eva Färnstrand, Michael Bertorp, Owe Andersson, Johnny Alvarsson och Ulf Lundahl were re-elected as directors, and Gerald Engström, founder and COE for Systemair AB, was elected as new director on Indutrade's board. Gunnar Tindberg had declined re-election. Bengt Kjell was re-elected as Chairman of the Board.
The Annual General Meeting resolved to assign the Chairman of the Board with the task of contacting four shareholders from among the largest registered shareholders in terms of votes in VPC's printout of the shareholder register on August 31, 2007 (ownership-grouped), who each appoint one representative who is not a director on the Company's board, to form together with the Chairman of the Board a nominating committee for the time until a new nominating committee has been appointed based on the mandate from the next Annual General Meeting. The composition of the Nominating Committee shall be made public not later than six months before the 2008 Annual General Meeting.
The Annual General Meeting resolved to adopt guidelines for remuneration and other terms of employment of the senior management, mainly stipulating that remuneration of the senior management should normally consist of a fixed amount and a variable amount, be market adjusted and based on competence, responsibility and achievement. The non-monetary benefits and pension benefits for senior management should be reasonable and competitive in their field of profession.
The Annual General Meeting resolved to authorize the Board to, during the time until the next Annual General Meeting, at one or several occasions, resolve on issuance of not more than 4,000,000 shares and to deviate from the shareholders’ right of pre-emption. The Board shall only be allowed to resolve on the issuance of new shares against consideration in kind or set-off of claims. Set-off of claims shall only be possible against promissory notes issued by the Company as consideration for shares acquired by the Company in an enterprise. Issuance of new shares shall be made in accordance with market conditions.
Information about the Annual General Meeting is available at the Company and on Indutrade's website:www.industrade.se/Investor Relations/AGM/AGM 2007.
Stockholm, 27 April 2007
INDUTRADE AB (publ)