Ratos's Annual General Meeting was held last night in Berwaldhallen,
Stockholm.
Board of Directors
The AGM elected Annette Sadolin as new Board member and re-elected
Board members Olof Stenhammar, Lars Berg, Staffan Bohman, Göran
Grosskopf, Arne Karlsson (CEO), Jan Söderberg and Per-Olof Söderberg.
Olof Stenhammar was also elected as Chairman of the Board.
Of the Board members, all except Olof Stenhammar, who has been on the
Board of the company for more than 12 years, and the company's CEO
Arne Karlsson are independent of Ratos and its management. Two Board
members, Jan Söderberg and Per-Olof Söderberg, are non-independent of
major shareholders.
Dividend
The AGM decided on an ordinary dividend of SEK 5.50 per share (4.19)
of class A and B. In addition, an extra dividend of SEK 5.50 per
class A and B share was decided on. The record date for the right to
receive dividends is 16 April and dividends are expected to be paid
on 19 April. Share buy backs
The AGM gave the Board a mandate to decide, during the period until
the next ordinary AGM, repurchase of a maximum number of shares so
that the company's holding of shares does not exceed 7% of all the
shares in the company.
At a subsequent statutory meeting, the Board decided to give the CEO,
in consultation with the Chairman, a mandate to carry out purchases
of shares in accordance with the mandate given to the Board by the
AGM.
Incentive programmes
The AGM decided to issue a maximum of 775,000 call options on
repurchased Ratos-shares to be sold at a market price to key people
within Ratos. It was further decided on a transfer of a maximum of
775,000 shares in the company if the above-mentioned options are
exercised.
In addition, the AGM decided to introduce a cash-settled option
programme related to Ratos's investments in new holdings. The
programme will be carried out through issuance of synthetic options
which key people within Ratos will be entitled to acquire.
For further information, please contact:
Olof Stenhammar, Chairman of the Board, +46 8 700 17 45
Financial calendar from Ratos:
Interim report January-March 9 May 2007
Interim report January-June 21 August 2007
Interim report January-September 9 November 2007
Ratos is a listed private equity company. The business concept is to
maximise shareholder value over time by investing in, developing and
divesting primarily unlisted companies. Ratos thus offers stock
market players a unique investment opportunity. The equity of Ratos's
investments is approximately SEK 11 billion. Ratos's holdings include
Anticimex, Arcus Gruppen, Bisnode, Bluegarden, Camfil, DIAB,
GS-Hydro, Haendig, Haglöfs, HL Display, Hägglunds Drives, Inwido,
Jøtul, Lindab, Medifiq Healthcare, RH/RBM, Superfos and Other
holdings.
