Gothenburg, Sweden, 2014-04-10 11:12 CEST (GLOBE NEWSWIRE) --
- Dividend set at SEK 9 per share
- Board, Chairman and public accounting firm re-elected
- Guidelines for remuneration to Group Management adopted
- New instruction for appointment of Nominating Committee adopted
- Board given renewed mandate to resolve on buy-back/transfer of shares
Today’s Annual General Meeting passed the following resolutions, which are in line with what was presented in the notice convening the AGM:
Accounts and dividend
After adopting the Income Statement and Balance Sheet and the Consolidated Income Statement and Consolidated Balance Sheet, the AGM adopted the proposed cash dividend of SEK 9.00 per share (6.00). The record date was set at 15 April and the dividend is expected to be distributed through Euroclear on 22 April 2014. The remaining earnings were carried forward to a new account.
Discharge from liability and election of Board of Directors and public accounting firm
The AGM discharged the members of the Board and the Managing Director from liability for the financial year. The AGM resolved to re-elect the entire Board of Directors, consisting of: Per Avander, Ingrid Jonasson Blank, Anna Engebretsen, Jack Forsgren, Fredrik Grevelius, Mats Holgerson, Svante Paulsson, Jan Pettersson, Mats Qviberg and Jon Risfelt. The AGM also re-elected Mats Qviberg as Chairman. After the meeting, the Board appointed Jan Pettersson as Deputy Chairman.
The AGM resolved that the directors’ fees should be as follows: the Chairman of the Board receives SEK 300,000, the Deputy Chairman SEK 300,000, other Board members who do not receive a salary from the company receive SEK 180,000 each, the chairman of the Audit Committee receives SEK 50,000, the members of the Audit Committee receive SEK 25,000 each, and the chairman of the Compensation Committee receives SEK 25,000. Fees to chairmen and committees are thus unchanged. Remuneration to the Deputy Chairman of the Board was raised by SEK 25,000, while remuneration to other Board members was raised by SEK 5,000 compared with last year.
KPMG AB was re-elected as the public accounting firm for the period up until the next AGM in 2015.
Guidelines for remuneration to Group Management
Proposed guidelines for remuneration to the Group Management were adopted by the AGM. The guidelines are unchanged from last year.
Nominating Committee instruction
The proposed instruction for appointment of the Nominating Committee was adopted. The number of members can vary between 4 and 5 and they shall consist of major shareholders along with the Chairman of the Board. The instruction shall apply until further notice.
Acquisition or transfer of own shares
The AGM authorised the Board of Directors to a) resolve to buy back the company’s own shares, whereby Bilia’s holding may never exceed 10 per cent of the total number of shares, and b) resolve to transfer acquired shares, either as a means of payment in conjunction with an acquisition or by direct sale on the stock exchange.
Gothenburg, 10 April 2014
Bilia AB (publ)
For further information, please contact Per Avander, Managing Director and CEO, or Gunnar Blomkvist, CFO, Bilia AB, tel. +46 31 709 55 00.
