Course of annual general meeting (AGM) of Solar A/S
The AGM discussed and approved:
- Management's review and Annual Report 2009, including the management's
statement and auditor's report.
- The decision to appropriate profit as stated in the adopted annual
accounts with the payment of DKK 4.25 in dividend per share at DKK 100.
- Changes to the company's articles of association resulting mainly from
amendments to company law. Amendments are outlined below:
General alterations include the words "aktiekapital" being altered to
"selskabskapital"*, "shares" being altered to "equity investments" and
"the Danish Public Companies Act" being altered to "the Danish
Companies Act".
In article 4, an alteration of the word "aktiebog" to "ejerbog"*.
In article 6, an alteration of the word "share amount" to "equity
investment amount".
In article 8, an alteration of the word "aktiebreve" to "ejerbeviser"*.
In article 9, deadline for notice of the annual general meeting is
altered to at least 3 weeks' notice compared to the previous deadline
of at least 8 days, while also enabling publication of the notice on
the company's website. Moreover, a provision will be added to article
9, determining that the Supervisory Board must publish the date of the
planned annual general meeting as well as the deadline for any demand
for admission of a specific issue to the agenda no later than 8 weeks
before the day of the proposed holding. Furthermore, the deadline for
presentation of agenda and complete proposals is altered.
In article 11 of the articles of association, the word "aktionær" is
altered to "kapitalejer"*. Moreover, references are added to the Danish
Companies Act's regulations on proxies, and an alteration to the
deadline for registration of shares as a condition for the exercise of
voting rights is made.
In article 12 of the articles of association, references will be made
to sections 106 (2) and 107 of the Danish Companies Act.
* Only affecting the Danish version of the articles of association
- The overall guidelines for incentive programmes for the Solar A/S
Executive Board and SMT (Solar Management Team). The approval will be
inserted in article 15 of the articles of association.
- The authority of the chairman of the AGM to notify the Danish Commerce
and Companies Agency of matters adopted at the AGM.
- Election of the following members for the Supervisory Board:
The following supervisory board members were re-elected:
PhD Jens Borum, Group Director Peter Falkenham, CEO Kent
Arentoft, MSc in engineering Niels Borum, Managing Director
Remy Cramer and CEO Jens Peter Toft.
In addition, the Supervisory Board is made up of the following
employee representatives: product manager Lars Lange Andersen,
head of department Bent H. Frisk and warehouse employee Preben
Jessen.
At the subsequent supervisory board meeting, the Supervisory Board elected its
officers and re-elected PhD Jens Borum as chairman. Re-elected for the audit
committee were Kent Arentoft, Peter Falkenham and Jens Borum.
Yours faithfully
Solar A/S
Jens Borum
