The Annual General Meeting (AGM) of Micronic Mydata AB (publ) on 6 May, 2014 dealt with the following items among others:
Election of Board members
The AGM decided that the Board of Directors for the period running until the end of the next AGM shall be composed of six members with no deputy members. The AGM re-elected Board members Katarina Bonde, Ulla-Britt Fräjdin-Hellqvist, Anders Jonsson, Magnus Lindquist, Eva Lindqvist and Patrik Tigerschiöld. Patrik Tigerschiöld was elected Chairman of the Board.
Remuneration to the Board of Directors
The AGM decided that the total remuneration to the Board of Directors amount to SEK 1,500,000 for the period running until the end of the next AGM, of which SEK 500,000 concern remuneration to the Chairman of the Board and SEK 200,000 concern remuneration to each of the other Board members. In addition, the AGM decided on remuneration to the Chairman of the audit committee amounting to SEK 50,000.
Election of auditor
The AGM decided on election of Ernst&Young as auditor for the period running until the end of the next AGM with the Authorized Public Accountant Helene Siberg Wendin as responsible auditor.
Disposition of accumulated deficit
The AGM decided that the Parent Company’s accumulated deficit of SEK 157,900,339 be carried forward to new account.
The AGM decided that no ordinary dividend be paid for the financial year 2013 but decided on an extraordinary dividend of SEK 2.50 per share. The decision is subject to reduction of the statutory reserve. The reduction of the statutory reserve must be approved by the Swedish Companies’ Registration Office. The board was authorized to decide on the record date. 31 July is proposed as preliminary record date. The AGM decided on reduction of the statutory reserve to SEK 0. The reduction shall be used for off-set of accumulated losses, for dividend payment and for the rest to be transferred to the company’s non-restricted equity.
Composition of nomination committee
The AGM decided to approve that the nomination committee for the 2015 AGM consists of three members representing the three largest or otherwise known shareholders at the end of August and the Chairman of the Board, a total of four persons.
Principles for remuneration for senior executives
The AGM decided to approve the Board’s proposal regarding principles for remuneration and other terms of employment for senior executives.
Authorization for new share issue
The AGM decided to approve the Board’s proposal that the Board is authorized to, on one or several occasions during the period up until the next AGM, decide on a new share issues, with deviations from the shareholders’ preferential rights. The issue price shall be based on market practice and the number of issued shares may at the most correspond to ten percent of the total amount of outstanding shares.
Authorization to repurchase the company’s own shares
The AGM decided to approve the Board’s proposal that the Board is authorized to, on one or several occasions during the period up until the next AGM, repurchase the company’s own shares. Acquisition may only be made of such amount of shares that the company’s holding of own shares at each time does not supersede ten percent of all shares in the Company. Acquisitions of shares may only be made on NASDAQ OMX Stockholm at a price within the, at each time registered, price interval at the marketplace.
Resolution on change of company name and of changes of the articles of association
The AGM decided to change company name from Micronic Mydata AB (publ) to Mycronic AB (publ) and to change the business description in the articles of association.
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About Micronic Mydata AB
Micronic Mydata AB is a Swedish high-tech company engaged in the development, manufacture and marketing of production equipment to the electronics industry. Micronic Mydata headquarters is located in Täby, north of Stockholm and the Group has subsidiaries in China, France, Germany Japan, Singapore, South Korea, Taiwan, the Netherlands, United Kingdom and the United States. For more information see our web site at: www.micronic-mydata.com
Micronic Mydata AB (publ) is listed on NASDAQ OMX Stockholm, Small Cap: MICR. The information is of the type that Micronic Mydata is required to disclose under the Financial Instruments trading Act and/or the Swedish Securities Markets Act. The information was submitted for publication on 7 May 2014, at 8 am.