The company's annual general meeting was held today with about 400 people
attending.
Management's report
The Chairman reported, among other things, that Schouw & Co. projects full-year
2010 revenue of about DKK 9 billion. EBIT is expected to be in the DKK 250-400
million range, indicating an improvement of DKK 60-210 million on 2009.
Adoption of annual report
The shareholders voted to adopt the annual report and the Board's
recommendation that a dividend of DKK 3 per share be paid as well as the
proposed resolution to discharge the Board of Directors and the Management
Board from liability.
Authorisation to acquire own shares
The proposed resolution from the Board of Directors that, pursuant to section 48
of the Danish Public Companies Act, the Board of Directors be authorised to
allow the company, during the period until the next annual general meeting, to
acquire own shares for ownership or as collateral up to an aggregate value of
20% of the company's share capital against consideration was adopted.
Amendments to the Articles of Association resulting from the
implementation of the new Danish Companies Act
The shareholders adopted the resolution submitted by the Board of Directors to
amend articles 2-4 as a result of the implementation of the new Danish
Companies Act.
Other amendments to the Articles of Association
The Board of Directors' proposal of other amendments to the Article of
Association sections 2, 4 and 5.
Election of board members
Jørn Ankær Thomsen and Niels Kristian Agner were both re-elected to the Board
of Directors.
Appointment of auditors
KPMG Statsautoriseret Revisionspartnerselskab were re-appointed as the
company's auditors.
Authorisation
The shareholders authorised the chairman of the meeting, or whoever the
chairman may be replaced by in his absence, to file the resolutions approved by
the general meeting for registration.
Any other business
No other business was considered.
Immediately after the general meeting the Board of Directors elected Jørn Ankær
Thomsen Chairman and Erling Eskildsen Deputy Chairman of the Board.
