Annual general meeting of Intrum Justitia AB
Summary of the decisions taken at the Intrum Justitia AB (publ) Annual General
Meeting. The annual general meeting, chaired by Lars Lundquist, was held today
in Stockholm.
Dividend
The annual general meting approved the board of directors' proposal for dividend
of SEK 3.25 per share, with 15 April 2008 as the record date. The dividend is
estimated to be paid out through VPC on 18 April 2008.
Election of the board of directors
The annual general meeting resolved, in accordance with the nomination
committee's proposal, that the number of board members shall be seven with no
deputy board members, and to re-elect board members Matts Ekman, Ársæll
Hafsteinsson, Helen Fasth-Gillstedt, Lars Förberg, Bo Ingemarson, Lars Lundquist
and Lars Wollung and to elect as new board members. Lars Lundquist was
re-elected chairman and Bo Ingemarson was re-elected deputy chairman of the
board.
Remuneration to the board of directors
The annual general meeting adopted the nomination committee's proposal for
remuneration to the board of directors in accordance with the following: SEK
750,000 to the chairman of the board and SEK 300,000 to each of the other board
members (in total SEK 2,550,000) plus SEK 540,000 to be attributed to committee
work, whereof SEK 150,000 to the chairman of the audit committee, SEK 75,000 to
each of the other two audit committee members and the remaining SEK 240,000 to
be distributed equally among the altogether six members of the remuneration and
investment Committees.
Principles of remuneration and other terms of employment for key executives
The annual general meeting resolved to approve the board of directors' proposal
for principles of remuneration and other terms of employment for key executives.
The total remuneration is based upon four main components; base salary,
short-term incentive compensation, long-term incentive compensation and pension.
Nomination Committee 2008/2009
The annual general meeting approved the proposal of the nomination committee of
2007/2008, entailing in summary that the chairman of the board of directors
shall convene the five largest shareholders of the company, with respect to
voting power, at the end of the third quarter of the year. These shareholders
then have the right to appoint a member each to the nomination committee. The
committee shall be chaired by one of its members. No more than two of the
committee's members may also be members of the board of directors. Information
regarding the composition to the nomination committee shall be made public in
the company's interim report for the third quarter.
Adoption of the profit and loss statements and balance sheets 2007 and discharge
from liability
The profit and loss statements and balance sheets for 2007 were adopted and the
board and the managing director were discharged from liability for the
administration of the company for the year 2007.
Performance-based share-program
The annual general meting approved the board of directors' proposal regarding a
performance-based share program. The Program is proposed to have a duration of
four and five years, respectively, including the performance period, and to
comprise of not more than 300,000 performance shares allocated to not more than
70 persons (the managing director, other key executives and key managers).
Authorisation for the acquisition and sale of the company's own shares on the
stock exchange for the performance-based share program for 2008
The annual general meting approved the board of directors' proposal regarding
authorisation for the board to decide on the acquisition and sale of shares for
the performance-based share program. A maximum of 400,000 shares may be acquired
and sold on the OMX Nordic Exchange Stockholm.
Resolution on sale of the company's own shares to participants in the
performance-based share program for 2008
The annual general meting approved the board of directors' proposal regarding
sale of own shares to participants in the performance-bases share program. A
maximum of 300,000 shares may be sold.
A detailed description of the performance-based share program and other
decisions made at the annual general meeting are available on the company's
website.
For further information, please contact:
Sophie Hammarskjöld, Director of Communications
Tel: +46 8 546 102 03. Mobile: +46 76 768 52 63
E-mail: s.hammarskjold@intrum.com
Intrum Justitia is Europe's leading Credit Management Services (CMS) group, with
revenues of approximately SEK 3.2 billion and around 3,100 employees in 24
markets. Intrum Justitia strives to measurably improve its customers' cash flows
and long-term profitability by offering high quality in relationships with both
customers and debtors in each local market. The group offers a wide range of
services to manage commercial and consumer receivables. Intrum Justitia AB
(ticker IJ) is listed on the OMX Nordic Exchange in Stockholm, Mid Cap list. For
more information, please visit www.intrum.com
