Peab's Annual General Meeting 2011

Peab's Annual General Meeting 2011


  · Dividend adopted at SEK 2.60 per share
  · Continued authorisation for the repurchase of shares

Peab AB (publ) held its Annual General Meeting today, Thursday. The
Annual General Meeting adopted a dividend of SEK 2.60 according to the
proposal from the Board of Peab. The record date will be Monday the 13th
of May and the Euroclear will distribute this dividend on 18 May.

The Annual General Meeting granted the Board and the Chief Executive
Officer discharge for the financial year of 2010.

The Board members Annette Brodin Rampe, Karl-Axel Granlund, Göran
Grosskopf, Fredrik Paulsson, Mats Paulsson, Svante Paulsson and Lars
Sköld were re-elected. Göran Grosskopf was re-elected as Chairman of the
Board, Mats Paulsson was elected Vice Chairman of the Board and
Anne-Marie Pålsson was new-elected.

It was decided that the Chair of the Board of Directors be paid SEK
450.000 (400.000) and that each of the remaining board members be paid
SEK 175.000 (150.000). For their work on the Remuneration Committee and
the Finance Committee, it was decided that a fee och SEK 30.000 (25.000)
be paid to each member of those committees. Furthermore, it was decided
that the Vice-Chair be paid a fee of SEK 2,765,000 as a special payment
for being at the group's disposal for matters relating to customers and
markets. The total decided fee to be paid to board members therefore
amounts to SEK 4.620.000 (1.250.000).

It was decided that the fees be paid to auditors according to an
approved account.

The Annual General Meeting authorised the Board of Peab to, on one or
more occasions, until the next Annual General Meeting, decide to issue B
shares corresponding to a maximum of 10 percent of the registered share
capital at the time of authorisation. New issues will be based on
standard market terms.

The Annual General Meeting authorised the Board of Peab to, on one or
more occasions, until the next Annual General Meeting, buy back or
transfer Peab shares.

The Annual General Meeting authorised the Board of Peab to, until the
next Annual General Meeting,

- decide to, on NASDAQ OMX Stockholm or through an offer to buy directed
to all shareholders to buy back at the most as many shares so that after
the acquisition the company's holding of own shares corresponds to 10
percent of the all shares in the company. The shares may be bought on
NASDAQ OMX Stockholm at a price within the registered price interval on
each occasion or, when acquired through an offer to buy for a cash
compensation, at a price corresponding to the lowest market price at the
time of the offer with a maximum deviation of 30 % upwards,

- decide to, on NASDAQ OMX Stockholm or in connection with for example
an acquisition, and with or without a deviation from shareholders'
preferential rights, divest a maximum of all own shares held by the
company on NASDAQ OMX Stockholm, at a price within the registered price
interval on each occasion or, if divested in some other manner, at a
price corresponding to the market price of the shares at the time of the
transfer with any deviation the Board considers appropriate.

If the use of the authorization for the acquisition and transfer of own
shares combined with use of authorization for the issue, in order to let
the company's shares constitute all or part of the purchase price at any
one company, the number of shares to be sold and issued to the
individual acquisition, together represent more than one-tenth of all
shares in the company at the time of the decision authorizing the issue

The purpose of this authorisation is to improve the company's capital
structure, to finance acquisitions with shares and such like and/or to
make it possible through a later withdrawal to neutralise the dilution
that can occur when convertibles issued by the Group are converted.

Malte Åkerström, Leif Franzon and Göran Grosskopf and Erik Paulsson were
re-elected to the nominating committee.

Malte Åkerström was re-elected as the chairman of the nominating
committee.

The Board of Directors decided the following change in the Remuneration
Policy as a new item. Senior executives may from time to time be offered
the opportunity to take part in a Long-term incentive programme
(LTI-programme). The condition for participating in a LTI-programme is
that the senior executive must set aside a minimum of 50% of the final
annual amount of his or her variable salary as a one-time pension
premium payment. The maximum final annual amount in a LTI-programme may
not exceed 40% of fixed salary. The resulting amount in a LTI-programme,
as an amount set aside from the final variable salary amount, is
invested in pension savings linked to the Peab share.

All decisions by the Annual General Meeting were made with the necessary
majority of votes.

For additional information, please contact:

Jesper Göransson, CFO Peab +46 733 371013

Gösta Sjöström, CIO, Peab +46 733 371010

Peab AB discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act.

The information was submitted for publication at 6.00 p.m. on 10 May
2011.

Previous press releases from Peab are available at
www.peab.com (http://www.peab.com/)