Annual general meeting of Intrum Justitia AB
Summary of the most important decisions made 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 meeting approved the board's and managing director's proposal
for dividend of SEK 3.50 per share, with 21 April 2009 as the record date. The
dividend is estimated to be paid out via Euroclear Sweden AB (former VPC AB) on
24 April 2009.
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. Matts Ekman, Helen Fasth-Gillstedt, Lars Förberg, Bo
Ingemarson and Lars Lundquist were re-elected as board members and Charlotte
Strömberg and Fredrik Trädgårdh were elected as new board members. Lars
Lundquist was re-elected chairman of the board 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 in accordance with the following: SEK 750,000 shall be
paid to the chairman of the board and SEK 300,000 to each of the other board
members (in total SEK 2,550,000). In addition, remuneration amounting to in
total SEK 540,000 shall be attributed to committee work, whereof the chairman of
the audit committee shall receive SEK 150,000 and the other two audit committee
members SEK 75,000 each. The remaining SEK 240,000 shall be distributed equally
among the altogether six members of the remuneration and investment committees.
Principles for remuneration and other terms of employment for key executives
The annual general meeting resolved to approve the board's proposal for
principles for remuneration and other terms of employment for key executives.
The total remuneration is based upon four main components; base salary,
short-term variable salary programmes, long-term variable salary programmes and
pension.
Nomination Committee 2009/2010
The annual general meeting resolved in accordance with the proposal of the
nomination committee, entailing in summary that the chairman of the board shall
convene the five largest shareholders of the company at the end of the third
quarter of the year, based on the number of votes held at this time. These
shareholders then have the right to appoint one member each to the nomination
committee. The committee shall be chaired by one of its members. Not more than
two of the committee's members may be members of the company's board.
Information regarding the composition of the nomination committee shall be
presented on the company's website not later than six months before the annual
general meeting in 2010.
Adoption of the profit and loss statements and balance sheets 2008 and discharge
from liability
The profit and loss statements and balance sheets for 2008 were adopted and the
board and the managing director were discharged from liability for the
administration of the company during the year 2008.
Authorisation for the acquisition and sale of the company's own shares for the
performance-based share program for 2008
The annual general meeting approved the board's proposal regarding authorisation
for the board to decide on the acquisition and sale on the exchange of the
company's own shares for the performance-based share program for 2008. A maximum
of 250,000 shares may be acquired and sold on the NASDAQ OMX Stockholm; the
company's holding of own shares may however at any time not exceed 250,000
shares.
Amendment of the articles of association
The annual general meeting resolved in accordance with the board's proposal to
amend the summons procedure for general meetings in the articles of association.
The annual general meeting's resolution is conditional upon that an amendment to
the summons procedure for general meetings in the Swedish Companies Act has come
into force, entailing that the proposed wording is in conformity with the
Swedish Companies Act.
A detailed description of the decisions made at the annual general meeting are
available on the company's website.
For further information, please contact:
Lars Wollung, CEO and President
Tel: +46 8 546 102 00
Sophie Hammarskjöld, Chief Communications Officer
Tel: +46 8 546 102 03. Mobile: +46 76 768 52 63
E-mail: ir@intrum.com
Intrum Justitia is Europe's leading Credit Management Services (CMS) group and
offers services designed to measurably improve clients' cash flows and long-term
profitability. Intrum Justitia was founded in 1923, has 3,300 employees in 24
markets and revenues of approximately SEK 3.7 billion. Intrum Justitia AB is
listed on Nasdaq OMX Stockholm since 2002. For further information, please visit
www.intrum.com
