Annual General Meeting of Doro AB March 26, 2009
On Thursday, March 26, 2009, Doro AB held its Annual General Meeting in Lund,
Sweden. The meeting was chaired by Bo Kastensson, who is also Chairman of the
Board.
In his address CEO, Jérôme Arnaud affirmed that the company had taken a further
step in 2008 to expand its Care Electronics operations. “This is in line with
the strategy I announced last year, we strengthened the growth trend, primarily
in Care Electronics, that began in 2007”, said Jérôme Arnaud. “Between fourth
quarter 2007 and fourth quarter 2008, our sales in gsm increased by 192 percent.
Our mobile phones are now listed at major operators and retailers and we have
won a number of highly prestigious awards.”
The AGM reached the following decisions, among others:
The Income Statements and Balance Sheets were adopted and the Board of
Directors' proposed treatment of the loss brought forward was approved, meaning
that no dividend will be paid for the 2008 fiscal year (for 2007: SEK 0).
The AGM approved directors' fees for 2009 as follows: a fixed fee of SEK
600,000, of which SEK 300,000 will be paid to the Chairman of the Board and of
which SEK 100,000 will be paid to each board member elected by the AGM and not
an employee of the company. These amounts include remuneration for committee
work in which the board members participate over the year.
Bo Kastensson, Jonas Mårtensson, Peter Blom and Jérôme Arnaud were re-elected as
board members. Karin Moberg was elected as a new board member. Karin Moberg's
experience includes 15 years in a number of leading positions within Telia and
TeliaSonera. There she held positions as head of a subsidiary responsible for
broadband and Internet in the Swedish market, business manager for directory
enquiries, Vice President of marketing, brand manager and Vice President of
communications. In addition to her assignment at Doro AB, Karin Moberg is a
member of the Board of the Seventh AP Fund. Karin, who is 45, currently owns no
shares in Doro AB. Tomas Persson had declined re-election.
Bo Kastensson was elected Chairman of the Board.
The AGM approved a proposal by shareholders representing approximately 40
percent of total voting rights in the company regarding the composition of the
Nomination Committee ahead of the 2010 AGM. The Nomination Committee shall
consist of the following three members: Tedde Jeansson (Originat AB), Arne
Bernroth (Nordea Bank) and Bo Kastensson (Chairman of the Board). Tedde Jeansson
shall chair the Nomination Committee. The composition of the Nomination
Committee may be changed during the year if major changes occur in the company's
ownership structure or if any member leaves the Committee before its work is
complete. In such a case an initiative shall be taken by the Chairman of the
Nomination Committee.
The AGM approved the Board's proposal regarding guidelines for remuneration to
senior executives.
The Board was authorized, for the period extending until the next AGM, to make
decisions, on one or more occasions, to issue a total of at most 4,000,000
shares, entailing an increase in share capital of at most SEK 4,000,000,
corresponding to a 23-percent dilution of the company's share capital and total
voting rights. The Board is authorized to determine whether new shares shall be
issued against cash payment and/or in accordance with the regulations set forth
in chapter 13, 5§, paragraph 1, point 7 of the Swedish Companies Act. New shares
may be issued with or without deviation from shareholders' preferential rights.
The minutes of the 2009 AGM are published on the Group's website at
www.doro.com.
For further information, please contact:
Bo Kastensson, Chairman of the Board, Doro AB, +46 70 876 59 95, or
President and CEO Jérôme Arnaud, +46 46 280 50 60
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 two business
units: Care Electronics and Home 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 OMX Nordic
Exchange Stockholm, Nordic list, Small companies. Read more about Doro at
www.doro.com
