Minutes from Annual General Meeting in HMS

        Print
| Source: HMS Networks AB
HMS Networks AB (publ) held its Annual General Meeting on April 25, 2014. The
Meeting resolved in favor of all proposed matters in accordance with the
proposals of the Board of Directors. The main contents of the most important
resolutions are described below.

Resolution regarding dividend
The Meeting resolved to approve the Board of Directors' proposal of a dividend
for fiscal year 2013 of SEK 2.25 per share. April 30, 2014 was set as the record
date for the dividend. It is expected that the dividend will be disbursed by
Euroclear Sweden on May 6, 2014.

Resolution regarding adoption of the income statement and balance sheet
The Meeting resolved to adopt the income statement and balance sheet of HMS
Networks AB submitted by the Board of Directors as well as the consolidated
income statement and balance sheet. The Board and the President were discharged
from liability for the 2013 fiscal year.

Resolution regarding election of the Board, auditors and fees
The Annual General Meeting resolved in accordance with the Nominating
Committee's proposals, namely

  * that six (6) Board members should be elected and no deputy members,
  * that the following Board members should be re-elected: Urban Jansson, Ray
    Mauritsson, Henrik Johansson and Charlotte Brogren,
  * that Kerstin Lindell and Karl Thedéen should be elected as new members of
    the Board,
  * that Urban Jansson should be re-elected as Chairman of the Board,
  * that PwC with Fredrik Göransson as main responsible should be elected as
    auditors.
  * that fees totaling SEK 1 050 000 shall be paid to the Board to be
    distributed among members who are not employees of the Company, with SEK
    300 000 to the Chairman and SEK 150 000 to each Board member.

Resolution regarding guidelines for determining salaries and other remuneration
to the President and other members of company management
The Meeting approved the Board's proposal of guidelines for determining salaries
and other remuneration to the President and other persons in the company
management team.

Resolution regarding criteria relating to appointment of members to the
Nominating Committee.
The Annual General Meeting adopted the Board's proposal of criteria relating to
appointment of members to the Nominating Committee.

Resolution regarding criteria relating to the issue of new shares
The Annual General Meeting adopted the Board's proposal of criteria relating to
the issue of new shares.

Resolution regarding the purchase of shares
The Annual General Meeting adopted the Board's proposal to purchase shares in
relation to the 2014 share saving plan.

Resolution regarding criteria relating to the implementation of a share saving
plan
The Annual General Meeting adopted the Board's proposal of criteria relating to
the implementation of a share saving plan.

All of the Annual General Meeting's resolutions were passed with the requisite
majority.

For more information please contact:
CFO HMS Networks AB Gunnar Högberg, telephone: +46-35 17 29 95
CEO HMS Networks AB Staffan Dahlström, telephone: +46-35 17 29 01

HMS Networks AB (publ) is a world-leading supplier of communication technology
for industrial automation. Sales amounted to SEK 501 million in 2013. Over 90%
of these sales were to customers located outside Sweden. All development and the
major portion of manufacturing are carried out at the head office in Halmstad
and in Weingarten. Sales offices are located in Japan, China, Germany, Denmark,
India, UK, USA, Italy and France. HMS has 350 employees and produces network
interface cards and products to interconnect different networks under the
trademark Anybus® and IXXAT® and products for Remote Management under the
trademark Netbiter®. HMS is listed on NASDAQ-OMX Nordic Exchange in Stockholm in
the category Small Cap, Information Technology.


[HUG#1780034]