The Annual General Meeting of ElektronikGruppen BK AB (publ) was held on Monday, 9 May 2011, 5:00 p.m., at the company’s head office at Grimstagatan 160 in Vällingby, Sweden.
The AGM adopted the income statements and balance sheets of the Parent Company and the Group and granted discharge from liability for the members of the Board of Directors and the President for the financial year 2010.
The AGM furthermore resolved in favour of the proposals of the Board and the nominating committee:
To pay dividend of SEK 0.25 per share for the financial year 2010. As the record date, the AGM approved 12 May 2011. Dividends are expected to be disbursed by Euroclear Sweden AB on 17 May 2011.
To re-elect Kenneth Lindqvist, Thomas Wernhoff, Catharina Lagerstam and Magnus Norman as regular Board members.
To appoint Kenneth Lindqvist as Chairman and Thomas Wernhoff as Vice Chairman.
To pay Board fees in a total amount of SEK 550,000, of which SEK 200,000 to the Chairman, SEK 150,000 to the Vice Chairman and SEK 100,000 to each of the other Board members elected by the AGM. The decision means unchanged fees compared to 2009 and 2010.
To pay no special fees for work on the Board’s committees.
To appoint the auditing firm of Ernst & Young AB, alongside the current auditor Ola Wahlqvist, to act as the company’s independent auditor to serve until the end of the 2012 AGM. Ernst & Young AB will appoint Authorised Public Accountant Jonas Svensson as Auditor in Charge.
To pay fees to the auditors according to approved account.
To appoint a nominating committee consisting of of Thomas Wernhoff (chairman of the committee), Kenneth Lindqvist, Johan Ålander and Jens Hansson, and to approve fees for work on the nominating committee of SEK 5,000 per meeting and member that does not represent one of the major shareholders.
To approve the proposed guidelines for remuneration to the executive management, which means unchanged guidelines compared to 2009 and 2010.
To authorise the Board, on one or several occasions during the period until the next AGM, to decide on the purchase of a maximum number of class B treasury shares whereby the company holds a total of not more than 10 per cent of the total number of shares outstanding. The AGM furthermore authorised the Board, on one or several occasions during the period until the next AGM, to decide on the transfer of treasury shares. In such transfers, deviation from the shareholders’ pre-emptive rights will be permitted to give the company opportunity to use the treasury shares as payment for, or financing of, corporate acquisitions and other types of strategic investments and acquisitions.
To approve the proposed amendments to the Articles of Association, § 11, essentially meaning that the rules relating to the time for notice of annual general meetings and other shareholder meetings be omitted.
The Board of Directors of ElektronikGruppen BK AB (publ)
For additional information contact
Kenneth Lindqvist, Board Chairman, telephone +46 70 310 18 23
Håkan Lundgren, Head of Corporate Communications, telephone +46 8 759 35 79
The information contained herein is subject to the disclosure requirements of ElektronikGruppen pursuant to the Securities Market Act, the Financial Instruments Trading Act and/or NASDAQ OMX Stockholm’s Rules for Issuers. The information was submitted for publication on 10 May 2011, 09.15 CET.
ElektronikGruppen is one of the Nordic region's leading suppliers of high-tech electronic components, systems and production equipment for the electronics industry. The Group consists of some 15 companies that are organised in three business areas. Together, the companies are active in 11 countries in Northern Europe and Asia. The Group recorded net sales of SEK 922 M in 2010. The share is quoted on NASDAQ OMX Nordic in Stockholm.
