Ahead of Doro AB's Annual General Meeting
The Annual General Meeting of Doro AB will be held on Thursday, March 26, 2009
at 3 p.m. CET at the Scandic Star Hotel, Glimmervägen 5 in Lund, Sweden. The
proposed agenda will be included in the formal notice of the Annual General
Meeting, which will be published in The Official Swedish Gazette (Post- och
Inrikes Tidningar) and Svenska Dagbladet on February 25, 2009.
Set out below is a summary of the matters that will be discussed at the Annual
General Meeting.
Board of Directors and Auditors
Shareholders representing approximately 40 percent of the votes in Doro AB
intend to support the Nomination Committee's proposal to re-elect Tomas Persson,
Bo Kastensson (Chairman), Jonas Mårtensson, Peter Blom and Jérôme Arnaud.
The auditor, Ernst & Young AB, with Ingvar Ganestam as the auditor in charge,
and the company's deputy auditor Göran Neckmar, were elected at the 2007 Annual
General Meeting for the period ending at the end of the 2011 Annual General
Meeting.
Dividend
The Board of Directors proposes that no dividend be paid for the 2008 financial
year.
Authorization to issue new shares
The Board of Directors proposes that the Annual General Meeting resolves to
authorize the Board of Directors to, during the period until the next Annual
General Meeting, at one or more occasions, decide on new share issues of not
more than in aggregate 4,000,000 shares. The Board of Directors shall be
authorized to decide that such shares issues shall be paid in cash and/or in
accordance with chapter 13, Section 5, first paragraph, item 6 of the Swedish
Companies Act (contribution in kind, set-off or other terms). The share issues
may be carried out with or without deviation from the preferential rights of
existing shareholders.
Amendment to the Articles of Association
The Board of Directors proposes that the first paragraph of Section 9 of the
Articles of Association be discarded and substituted by the following: “Notice
of a General Meeting shall be published in The Official Swedish Gazette (Post-
och Inrikes Tidningar) as well as on the Company's website. At the time of the
notice, an announcement informing that the notice has been issued shall be
published in Svenska Dagbladet or, in the event of cancelled publication of the
last-mentioned newspaper, Dagens Nyheter.” The Annual General Meeting's
resolution to amend Section 9 as set out above shall be conditional upon that an
amendment to the summons procedure for General Meetings in the Swedish Companies
Act has entered into force, entailing that the proposed wording above is in
conformity with the Swedish Companies Act.
Participation in the Meeting
Notification of participation at the Annual General Meeting shall be submitted
in writing via e-mail to info@doro.com, by mail to Doro AB, Magistratsvägen 10,
SE-226 43 Lund, Sweden, by phone to +46 46 280 5050, or by fax to +46 46 280
5001. When notifying, please state full name, personal identification/corporate
identity number, shareholding, phone number (daytime) and details of (a maximum
of two) potential assistants.
To participate at the Annual General Meeting, shareholders must be registered in
the share register maintained by Euroclear Sweden AB (formerly VPC AB), the
Swedish Securities Register Center, as per Friday, March 20, 2009, as well as
notify the company of their intention to participate no later than Friday 20
March, 2009, at 12 noon CET.
Further information:
Please contact CEO Jérôme Arnaud, +46 46 280 50 60, or CFO Annette Borén, +46 46
280 50 62.
About Doro
With over 30 years' experience in telephony Doro is today characterized by
innovative and user-friendly consumer electronics
products. The company develops markets and sells a wide range of products in
three business units: Care Electronics, Home
Electronics and Business Electronics. The company's products are sold in more
than 30 countries worldwide through a variety of retail outlets, including
electronics stores, online stores and specialized channels. The company had
sales of SEK 363 million in 2008.
Doro's shares are quoted on the Nasdaq OMX Nordic Exchange Stockholm, Small Cap.
Read more about Doro at www.doro.com
