The Annual General Meeting (AGM) of Bure Equity AB (publ) on 24 April 2014 dealt
with the following items of business, among others:
Election of Board members
As Bure’s Board of Directors, the AGM re-elected sitting Board members Eva
Gidlöf, Carl Björkman, Hans Biörck, Mathias Uhlén and Patrik Tigerschiöld. Bengt
Engström was elected as a new Board member. Patrik Tigerschiöld was re-elected
as Board Chairman. The AGM decided that the number of Board members shall be
six, which is the same as in the previous year.
Election of auditor
The AGM elected the auditing firm of PwC (PricewaterhouseCoopers) as the
company’s auditor to serve for the period until the 2015 AGM. Michael Bengtsson
was appointed as Auditor in Charge.
Resolution regarding dividends
The AGM resolved to approve a cash dividend of SEK 1 per share, of which SEK
0.50 per share consists of an ordinary dividend and SEK 0.50 per share consists
of an extraordinary dividend. The record date was set for 29 April 2014, which
means that the dividends are expected to be disbursed on 5 May 2014.
Resolution regarding the sale of shares in subsidiaries in the Mercuri group to
individuals in the so-called “Leo circle”
The AGM resolved to approve the sale of all shares in Mercuri’s subsidiaries in
the Czech Republic, Slovakia, Croatia and Slovenia to the respective country
managers and key individuals in each country. The purchase consideration for the
shares in each company shall be at least equal to the book value of the shares
in the Parent Company, or, alternatively, to adjusted equity in the respective
subsidiary. The book value of the shares in the subsidiaries amounts to a total
of SEK 16 million.
Resolution regarding the sale of shares in the subsidiary Theducation AB to
individuals in the so-called “Leo circle”
The AGM resolved to approve the sale of the shares in Theducation AB to the
President of Theducation AB, Anne Danielsson, or to a company that is wholly
owned by her. Anne Danielsson will pay purchase consideration of 1 SEK and
contingent consideration that can amount to a maximum of SEK 4 million. In
addition, Bure will receive 33 per cent of the sales price in the event of a
further sale of Theducation AB within 36 months.
Principles for remuneration and other terms of employment for senior executives
The AGM approved the Board’s proposed principles for remuneration and other
terms of employment for senior executives. In connection with this decision, the
board informed of an agreement with the chairman Patrik Tigerschiöld’s company
regarding his services to the company in addition to the regular work in the
Resolution regarding reduction of the share capital and a bonus issue
The AGM resolved to cancel the treasury shares that have been repurchased during
the year. This will entail a reduction in the company’s share capital by SEK
33,335.238.02 through the cancellation of 5,050,475 shares without repayment for
transference to non-restricted reserves.
As a consequence of the cancellation, the AGM resolved to authorise the Board of
Directors to increase the company’s share capital by way of a bonus issue in an
amount equal to the reduction, SEK 33,335,238.02, through a transfer from the
company’s non-restricted equity. The bonus issue will be carried out without the
issuance of new shares.
Resolution regarding the repurchase of shares
The AGM authorised the Board of Directors to repurchase treasury shares.
Following the repurchase, the company may hold no more than 10 per cent of all
shares in the company.
Exercise of repurchase authorisation
Yesterday’s AGM resolved to authorise the Bure’s Board of Directors to decide on
the repurchase of treasury shares in order to adapt the company’s capital
structure to the company’s capital requirements from time to time and thereby
contribute to greater shareholder value. At the statutory meeting following the
AGM, the Board decided to exercise this authorisation.
Shares may be acquired through trading on NASDAQ OMX Stockholm (“the stock
exchange”), or in accordance with a tender offer to all of the company’s
Shares may be acquired during the period from 24 April 2014 until the next AGM.
However, no shares will be acquired during a period of 30 days prior to the
publication of a quarterly report, including the date of publication.
Acquisitions on the stock exchange may take place only at a price per share that
falls within the registered price interval at any given time. Payment for the
shares shall be made in cash. Shares may be acquired on one or several
Bure Equity AB currently holds 0 treasury shares. The total number of shares in
issue by Bure Equity AB currently amounts to 76,051,510. The maximum number of
shares that can be repurchased is thus 7,605,151.
Stockholm, 25 April 2014
Bure Equity AB (publ)
For more information contact:
Henrik Blomquist, CEO Max Jonson, CFO
Tel. +46 8 – 614 00 20 Tel. +46 8 – 614 00 20
The information contained herein is subject to the disclosure requirements of
Bure Equity AB under the Swedish Securities Market Act. The information was
publicly communicated on 25 April 2014, 9:30 a.m. CET.
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