Report from Sectra’s Annual General Meeting 2016 and timetable for redemption program to transfer SEK 4.50 per share to shareholders

Linköping, Sweden, September 7, 2016 – The Annual General Meeting (AGM) of
shareholders in Sectra AB (STO: SECT B) was held on September 6, 2016. In
accordance with a motion from the Board of Directors, the AGM resolved to
transfer SEK 4.50 per share to shareholders through a redemption procedure. The
resolution entails that approximately SEK 169.6 million will be distributed to
shareholders.
The redemption procedure is automatic, meaning that no action is required from
the shareholders. It will be possible to trade in Series B redemption shares
(ISIN SECT IL B: SE0004296663) on Nasdaq Stockholm.

The timetable for the redemption procedure 2016 is as follows:

  ·  October 3: Last day of trading in Sectra shares before the split, including
the right to redemption shares.
  ·  October 4: First day of trading in Sectra shares after the split, excluding
the right to redemption shares.
  ·  October 5: Record date for the share split. Every share will be divided
into two shares, of which one will be a redemption share and one an ordinary
share.
  ·  October 6-17: Trading in redemption shares.
  ·  October 19: Record date for redemption of the redemption shares.
  ·  October 24: Preliminary date for payment of redemption settlement via
Euroclear Sweden AB.

For more information about the redemption procedure, refer to Sectra’s website:
www.sectra.com/redemption. Information about ISIN codes for ordinary shares
before and after the share split is also available on the website.

Other AGM resolutions

The AGM also adopted the following resolutions:

  ·  The AGM adopted the income statement and balance sheet, and discharged the
Board of Directors and President from liability for the fiscal year. In
accordance with a motion from the Board of Directors, it was resolved that
profits were to be carried forward.
  ·  Erika Söderberg Johnson, Jan-Olof Brüer, Torbjörn Kronander, Anders
Persson, Christer Nilsson, Carl-Erik Ridderstråle and Jakob Svärdström were
reelected as Board members. Carl-Erik Ridderstråle was reelected as Chairman of
the Board.
  ·  Payment of fees amounting to SEK 185,000 to external members of the Board
and SEK 370,000 to the Chairman of the Board. For Audit Committee work, fees
amounting to SEK 40,000 are to be paid to external members of the Board and SEK
80,000 to the Chairman of the Audit Committee. No separate fees are to be
payable for work on the Remuneration Committee.
  ·  Grant Thornton Sweden AB was reelected as the auditor, with Mia Rutenius
appointed as the new senior auditor.
  ·  It was resolved to appoint a Nomination Committee comprising four members,
of whom one member is to be the Chairman of the Committee and three members are
to represent the company’s largest shareholders in relation to the number of
votes. The Nomination Committee is to be constituted on the basis of the known
shareholding in the company at October 31, 2016.
  ·  It was resolved to adopt unchanged principles for remuneration of and other
terms of employment for company management.
  ·  The Board of Directors was authorized to make decisions regarding the new
issue of not more than 3,700,000 Series B shares for payment in the form of cash
and the offsetting of debt or cash-in-kind payment. For the offsetting of debt
and cash-in-kind payment, the Board was authorized to disapply the preferential
rights of shareholders.
  ·  The Board of Directors was authorized to make decisions regarding the
acquisition or sale of Sectra shares. With respect to the disposal of treasury
shares, shareholders are to have a preferential right to acquire the shares in
accordance with the provisions in the Articles of Association regarding the
preferential right to subscribe for new shares, provided that the Board of
Directors is to be entitled to deviate from the preferential right if the shares
are paid for by way of set-off or non-cash consideration or if the purpose of
the disposal is to secure the costs that arise as a result of the company’s
incentive program. The authorization is limited in that the company’s holding of
treasury shares may not, at any time, exceed 10% of all the shares in the
company.
  ·  It was resolved to issue convertible debentures for a total nominal amount
of not more than SEK 35,000,000. The convertible debentures are to be offered
for subscription to Group employees.
  ·  It was resolved to issue convertible debentures for a total nominal amount
of not more than SEK 3,500,000. The convertible debentures are to be offered for
subscription to external members of the Board.

The resolutions were made in accordance with the motions submitted to the AGM,
which are available on the Sectra website www.sectra.com/agm2016.

This information constitutes information that Sectra AB (publ) is obliged to
make public. The information was submitted to the media for publication, through
the agency of the contact person set out below, at 8:10 a.m. CET on September 7,
2016.
For further information, please contact:
Dr. Torbjörn Kronander, CEO and President Sectra  AB, 46 (0) 705 23 52 27
About Sectra

The world needs more efficient healthcare and increased security in society’s
communication and IT systems. Sectra plays a key role in meeting these needs.
Sectra assists hospitals throughout the world to enhance the efficiency of care,
and authorities and defense forces in Europe to protect society’s most sensitive
information. The company was founded in 1978, has its head office in Linköping,
Sweden, with subsidiaries in 14 countries, and operates through partners
worldwide. Sales in the 2015/2016 fiscal year totaled SEK 1,073 million. The
Sectra share is quoted on the Nasdaq Stockholm exchange. For more information,
visit www.sectra.com.