Copenhagen, 2012-04-26 14:05 CEST (GLOBE NEWSWIRE) -- The annual general meeting of Alm. Brand A/S held today was conducted in accordance with the agenda and the full-text proposals submitted by the Board of Directors.
The Annual Report for 2011 was approved, and discharge was granted to the Board of Directors and the Management Board. Moreover, the Board of Directors’ proposal that no dividend be distributed in respect of 2011 was adopted.
The Board of Directors’ proposal that it be authorised during the period until the next annual general meeting to let the company acquire treasury shares up to 10% of the share capital was adopted.
All board members elected by the shareholders were up for election and all were re-elected. As a result, the Board of Directors continues to consist of Jørgen Hesselbjerg Mikkelsen, Boris Nørgaard Kjeldsen, Henrik Christensen, Per V.H. Frandsen, Arne Nielsen and Jan Skytte Pedersen as well as four group representatives elected by the employees. Søren Ammitzbøll, Jesper Bach and Ib Østergaard Nielsen were elected as new alternates, while Asger Bank Møller Christensen and Kristian Kristensen were re-elected as alternates.
Deloitte Statsautoriseret Revisionspartnerselskab was re-appointed as the company's auditors.
The remuneration policy for the Alm. Brand Group proposed by the Board of Directors and the proposed overall guidelines regarding share option compensation in Alm. Brand A/S were approved.
At a meeting held after the general meeting, the Board of Directors elected Jørgen Hesselbjerg Mikkelsen as its Chairman and Boris Nørgaard Kjeldsen as its Deputy Chairman.
Please direct any questions regarding this announcement to Søren Boe Mortensen, Chief Executive, on tel. +45 35 47 79 07 or Susanne Biltoft, Head of Information and Investor Relations, on tel. +45 35 47 76 61.
