Annual General Meeting of shareholders in Hufvudstaden 2011

Annual General Meeting of shareholders in Hufvudstaden 2011

 

Hufvudstaden held its Annual General Meeting today at the Grand Hôtel,
Vinterträdgården, in Stockholm. The Meeting adopted the Board of
Directors' proposal of a dividend of SEK 2.30 per share. The record date
is Tuesday March 29, 2011 and the estimated date of dividend payment is
Friday April 1, 2011.

Fredrik Lundberg, Claes Boustedt, Bengt Braun, Peter Egardt, Louise
Lindh, Hans Mertzig, Sten Peterson, Anna-Greta Sjöberg and Ivo Stopner
were reelected to the Board of Directors.

Fredrik Lundberg was reelected Chairman of the Board.

The Meeting decided that a remuneration of SEK 1,575,000 be paid to the
Board of Directors, of which SEK 350,000 to the Chairman of the Board
and SEK 175,000 to each of the other Board members, apart from the
President.

The Meeting further adopted guidelines for remuneration to the executive
management in accordance with the Board of Director's proposal.

The Meeting decided in accordance with the Board of Directors' proposal
to grant the Board renewed authorization to acquire and assign the
Company's own shares. At present, the Company holds approximately
2.4 per cent of the total number of issued shares.

Stockholm, March 24, 2011

HUFVUDSTADEN AB (publ)

Ivo Stopner
President

Questions will be answered by:
Fredrik Lundberg, Chairman of the Board, telephone +46 8 463 06 00.
Ivo Stopner, President, telephone +46 8 762 90 00.