Annual General Meeting of Loomis AB (publ)

Annual General Meeting of Loomis AB (publ)

At today's Annual General Meeting of Loomis AB (publ) the following was
resolved:


Board of Directors and Auditors
The Annual General Meeting resolved that the number of Board members shall be
six with no deputy members. The Meeting re-elected Lars Blecko, Alf Göransson,
Ulrik Svensson, Jan Svensson and Marie Ehrling and elected Signhild Arnegård
Hansen as new Board member. Alf Göransson was re-elected Chairman of the Board.
The fee to the Board members was determined to a total of SEK 1,450,000
(including fees for committee work) apportioned so that the Chairman of the
Board shall receive SEK 400,000 and the other Board members, except for the
President, SEK 200,000 each. The Chairman of the Audit and Risk Committee shall
receive SEK 100,000, the Chairman of the Remuneration Committee SEK 75,000, a
member of the Audit and Risk Committee SEK 50,000 and a member of the
Remuneration Committee SEK 25,000. As company auditor, the Meeting re-elected
the accounting firm PricewaterhouseCoopers AB, with authorized public accountant
Anders Lundin as auditor in charge, for a period of four years. The auditor's
fees were resolved to be paid as per agreement.

Nomination Committee
The Meeting re-elected Gustaf Douglas (Investment AB Latour, etc.), Marianne
Nilsson (Swedbank Robur fonder), Mikael Ekdahl (Melker Schörling AB), Per-Erik
Mohlin (SEB Fonder / SEB Trygg Liv) and Lars Rosén (Länsförsäkringar) as members
of the Nomination Committee before the Annual General Meeting 2011. Gustaf
Douglas was appointed Chairman of the Committee. 

Dividend
In accordance with the proposal of the Board, the Meeting resolved to declare a
dividend of SEK 2.65 per share. 

May 4, 2010 was determined as record date for dividend and payment from
Euroclear Sweden AB is expected to commence on May 7, 2010.

Guidelines for remuneration to management
The Annual General Meeting resolved on the adoption of guidelines for
remuneration to management, principally entailing that the remuneration and
terms of employment shall be competitive and in accordance with market
conditions, in order to ensure that the Loomis Group will be able to attract and
keep competent management employees. The guidelines principally entail that the
total remuneration to management shall consist of fixed salary, possible
variable remuneration and other customary benefits and pension. The variable
remuneration shall have an upper limit and be based on pre-determined targets.
Pension rights for management employees shall be applicable as from the age of
65, at the earliest. All group management employees shall be comprised by
fee-based pension plans. The Board shall be entitled to deviate from the
guidelines in individual cases if there are particular grounds for such
deviation. The complete guidelines are published on the company website.



Incentive Scheme
The Meeting resolved, in accordance with the Board proposal, on the
implementation of a share and cash based incentive scheme (the “Incentive
Scheme”). The implementation of the Incentive Scheme principally entails that
1/3 of any annual bonus earned under the performance based cash bonus schemes,
after a 20 per cent increase of the potential maximum amount, will be converted
into a right to receive shares, with delayed allotment and subject to continued
employment. In connection herewith, the salaries will be frozen during 2010 (to
the extent possible with regard to local rules and undertakings). Thereafter the
salaries will be subject to customary revisions. 

Approximately 350 employees now participating in the Loomis cash bonus schemes
will participate in the Incentive Scheme and thereby be entitled to receive a
part of the yearly bonus in the form of shares in Loomis, provided that certain
predetermined and measurable performance criteria, which currently apply under
the cash bonus schemes, are met. The existing principles include clearly
measurable, performance based targets set as close to the local business as
possible and aim for long term profitability of the group.

Provided that the applicable performance criteria are met, the yearly bonus will
be determined at the outset of 2011 and be payable by (i) 2/3 in cash at the
outset of 2011 and (ii) 1/3 in shares of series B (the “Bonus Shares”) at the
outset of 2012. The number of shares to which each participant will be entitled
shall be determined by the ratio between the available bonus and the share price
at the time of determination of the bonus. Distribution of Bonus Shares in
accordance with (ii) presupposes that the participant is employed by Loomis as
of the last day of February 2012. If the total accrued bonus amounts to less EUR
4,200, the whole bonus will be paid out in cash in accordance with (i) above.

Furthermore, in order to enable Loomis' delivery of Bonus Shares in accordance
with the Incentive Scheme, the Meeting resolved to authorize the Board to
resolve, on one or several occasions until the AGM 2011, on the acquisition of a
maximum of 280,000 treasury shares of series B on the NASDAQ OMX Stockholm
Exchange at a price within the price interval that may be registered at any
given time, referring to the interval between the highest purchase price and the
lowest selling price.

To be able to deliver Bonus Shares to the participants in the Incentive Scheme,
the Meeting resolved to transfer a maximum of 280,000 treasury shares of series
B. The right to acquire shares shall accrue to participants in the Incentive
Scheme. The transfer of shares shall take place free of charge.

CEO comments
In his address to the Annual General Meeting, Loomis' CEO Lars Blecko stated
that the intensive change program, conducted in the Group during 2009, has been
successful, even if a great deal of work still remains to be done.

Through the streamlining and adapting of the organization, and thus of the
costs,  to the scope of the operations, we were able to improve income by 12
percent for 2009, compared to 2008. The operating margin, currently our most
important key ratio, also increased to 7 percent in 2009, Lars Blecko noted. He
also highlighted the fact that due to this increase, in combination with the
fact that the margin for the fourth quarter surpassed 8 percent, the Company
deems the premises for reaching the previously communicated target of an 8
percent operating margin for the full year 2010 to be good.      
  
Lars Blecko also noted that due to the increased efficiency at a large number of
the branch offices, these improvements have been achieved in spite of the major
economic downturn and a relatively weak market in the countries in which Loomis
operates.

When Lars Blecko turned his attention to the operations' future focus, he
described the Group's service strategy, which is centered on offering more
integrated services, that is, that Loomis will aim at taking care of customers'
cash management requirements in their entirety, and not, as currently occurs in
many cases, providing only cash transport. 

Regarding the first quarter of 2010, Lars Blecko stated that the market for cash
handling displays a trend towards stability, primarily in Europe, and that the
operating margin improved by nearly one percentage point, to 6.5 percent,
compared to the first quarter 2009.



For more information, please contact:
Alf Göransson, Chairman of the Board
 +46 10 470 30 00


This press release is also available at: www.loomis.com

Loomis offers safe and effective solutions for the distribution, handling and
recycling of cash for banks, retailers and other commercial companies via an
international network consisting of more than 370 branch offices in 12 European
countries and in the US. Loomis has 20 000 employees and a turnover of 12
billion Swedish kronor. Loomis is a mid-cap listed company on NASDAQ OMX
Stockholm.

The information is such that Loomis AB must disclose in accordance with the
Swedish Securities Market Act and/or the Financial Instruments Trading Act. The
information was submitted for publication on April 29th, 2010, at 8:30 p m.