Indutrade’s Annual General Meeting was held on April 24, 2008, at IVA’s Conference Center, Grev Turegatan 16, Stockholm.
The General Meeting set the dividend at SEK 5,25 per share. The record date for payment was set to April 29, 2008. Dividend payments are expected to be made via the Swedish Central Securities Depository (VPC) on May 5, 2008.
Bengt Kjell, Ulf Lundahl, Eva Färnstrand, Michael Bertorp, Owe Andersson, Johnny Alvarsson och Gerald Engström were re-elected as directors, and Mats Jansson, CEO and President of the SAS Group, was elected as new director on Indutrade’s board. Curt Källströmer has declined re-election. Bengt Kjell was re-elected as chairman of the board.
The General Meeting resolved 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 VPC (ownership-grouped) as per August 31, 2008. 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 2009 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 2008.
Stockholm, 25 April 2008
INDUTRADE AB (publ)