The Annual General Meeting of AB Geveko was held on 26 April 2007 at the Radisson SAS Scandinavia. The meeting was chaired by Ove Mattsson, the company's Chairman and attended by 138 shareholders, representing 30.3% of the total number of shares and 69.7% of the votes. The AGM adopted the parent company and consolidated profit and loss accounts and balance sheets. These are presented in Geveko's Annual Report for 2006. The AGM discharged the members of the board of directors and the managing director from liability for the financial year. Dividend The AGM resolved in favour of paying a dividend of SKr 11 per share. It was decided that May 2 be the date of record for entitlement to dividend and the dividend is consequently expected to be paid via VPC on May 7. Elections David Bergendahl, Kals Dunberger, Helena Levander, Tomas Landeström, Ove Mattsson and Sören Sjölander were re-elected. Board member Magnus Ergel has declined re-election. New election of Mrs Åsa Söderström JerringÅsa Söderström Jerring is a graduate economic and former MD of Sweco Theorells AB, MD of Ballast Väst AB and MD of Företagskonsulten AB; she is also a former marketing manager with NCC Industri and information manager with NCC Bygg. Åsa Söderström Jerring was elected deputy member in 2006. Lars Lewerth was re-elected as deputy member. Bror Frid, authorised public accountant, Öhrlings Pricewaterhouse Coopers AB, was elected auditor for the period until the 2008 AGM. Helen Olsson Svärdström, authorised public accountant, Öhrlings Pricewaterhouse Coopers AB, and Johan Rippe, authorised public accountant, Öhrlings Pricewaterhouse Coopers AB, were elected deputy auditors for the period until the 2008 AGM. Fees The AGM resolved that a fee of 400,000 kronor shall be paid to the chairman of the board and that each member and deputy member shall receive 150,000 kronor, except for the secretary of the board, who shall receive a fee on the basis of approved invoices. The AGM aslo resolved that a fee of 3,000 kronor per meeting shall be paid for committee activities, over and above which the members of the Share Council who are not employed by the company shall receive a fixed fee of 25,000 kronor. Nomination Committee The AGM adopted the proposals submitted concerning the Nomination Committee. Guidelines for salaries and other remuneration of company management The AGM resolved in favour of the guidelines for the remuneration of the company's management. Share split, share redemption and scrip issue The Annual General Meeting resolved in favour of an automatic share redemption procedure whereby each share is split into two new shares (2:1 share split), of which one will be redeemed for 75 kronor. The share redemption program comprises amendment to company's articles of association, share split, reduction in share capital by cancellation of Series "A" and Series "B" shares and increase in share capital by means of a scrip issue. The AGM also resolved authorisation for the managing director to make such minor adjustments to decisions above as may turn out to be necessary in connection with the registration of the decisions with the Companies Office or their execution in the VPC system. The Chairman Ove Mattsson conveyed sincere thanks to Mr Magnus Ergel for excellent contribution as member on the board. Sincere thanks were as well conveyed to Mr Lennart Bertheden, authorised public accountant, retiring from his assignment, for excellent services to the Geveko group. Göteborg, Sweden April 27, 2007 The Board AB GEVEKO (publ) AB GEVEKO (publ) Org.nr.: 556024-6844 Box 2137, S-403 13 Göteborg, Sweden, Telephone +46 31-172945 info@geveko.se www.geveko.se
Release from Annual General Meeting
| Source: Geveko, AB