Copenhagen, 2012-03-22 13:09 CET (GLOBE NEWSWIRE) -- Today GN Store Nord held its Annual General Meeting (AGM).
The Chairman’s Report was adopted and both the Annual Report 2011 and the proposal to distribute dividends of DKK 0.27 per share were approved.
The proposed amendment to extend GN’s current warrant program with three years was approved by general meeting, which also approved the Board of Directors proposal for authorization to reduce the share capital through the cancellation of treasury shares. The Board of Directors was given the requested authorization to acquire treasury shares in the Company for a nominal value of up to 20% of the share capital of the Company. The Board of Directors’ proposal to in the future divide the existing authorization to increase the share capital into two and that the maximum capital increase, which the Board of Directors is authorized to resolve, is reduced to DKK 150,000,000 was all approved. The authorization is valid until April 30, 2013, but is renewable for one or more periods of one to five years’ duration. Furthermore, the Board of Directors obtained authorization to distribute extraordinary dividend.
The nominated candidates for the Board of Directors Per Wold-Olsen, Jørgen Bardenfleth, René Svendsen-Tune, William E. Hoover, Jr., Carsten Krogsgaard Thomsen and Wolfgang Reim were re-elected by the AGM.
Furthermore, it was decided that the total remuneration of the Board of Directors will constitute DKK 5,850,000 for 2011.
KPMG was re-appointed as the Company’s auditor.
At the following constituting board meeting Per Wold-Olsen was elected Chairman and William E. Hoover, Jr. was elected Deputy Chairman. Per Wold-Olsen was also elected as Chairman of the Remuneration Committee, Carsten Krogsgaard Thomsen was elected as Chairman of the Audit Committee and Wolfgang Reim was elected chairman of the Strategy Committee.
Agenda for AGM 2012:
a. Report by the Board of Directors on the activities of the Company during the past year.
b. Submission of the audited annual report for adoption and resolution of discharge of the Board of Directors and the Executive Board.
c. Approval of the application of profits or treatment of loss in accordance with the approved annual report.
d. Approval of the remuneration to the Board of Directors for the present financial year.
e. Election of members to the Board of Directors.
f. Election of a state-authorized public accountant to serve until the Company’s next annual general meeting.
g. Proposals from the Board of Directors and shareholders.
g.1 Proposals from the Board of Directors
g. 1.1 Extension of the Company´s current warrant program
g. 1.2 Authorization of the Board of Directors to acquire treasury shares
g. 1.3 Authorization of the Board of Directors to distribute extraordinary dividend
g. 1.4 Authorization of the Board of Directors to reduce the share capital
g. 1.5 Authorization of the Board of Directors to increase the share capital
g. 2. Proposals from the shareholders
h. Any other business.
For further information, please contact:
Mikkel Danvold
VP , IR & Communications
GN Store Nord A/S
Tel.: +45 45 75 02 71
