At today's Annual General Meeting, the following was approved in accordance
with the agenda.
The Annual General Meeting took note of the Annual Report for the financial
year 2007/08.
The company's management received renewed authorisation at the meeting to
purchase, on behalf of the company, own shares to a value of up to 10 per cent
of the company's share capital. The authorisation applies within 18 months from
the date of the Annual General Meeting.
The Annual General Meeting approved a dividend of DKK 3.00 per nominal DKK 10
share.
The proposals submitted by the Board of Directors were approved by the Annual
General Meeting.
The board members Jørgen Worning, Lars Brorsen, Thorleif Krarup, Peter Skak
Olufsen and Niels Bjørn Christiansen were re-elected to the Board of Directors.
Rolf Eriksen was elected as a new member of the Board of Directors.
The accounting firm of Deloitte, Statsautoriseret Revisionsaktieselskab, was
re-elected as the company's auditors.
In his oral report, the Chairman, Jørgen Worning, confirmed the previously
announced expectations for the current financial year, which for the full year
is a result before tax on a par with or above the result for the last financial
year based on an expected lower turnover than for the 2007/08 financial year.
Jørgen Worning subsequently reviewed the company's accounts for 2007/08.
Following the Annual General Meeting, the Board of Directors constituted itself
with Jørgen Worning as Chairman.
Jørgen Worning Karl Kristian Hvidt Nielsen
Chairman President and CEO
