Annual General Meeting of Lindab International AB (publ) 2010
Lindab International AB (publ) held its Annual General Meeting on 11 May 2010 at Ladan i Båstad, Boarp, in the municipality of Båstad. The Annual General Meeting resolved in accordance with all of the proposed resolutions. The main aspects of the key decisions are as follows:
Dividend
The Annual General Meeting resolved not to pay a dividend for the financial year 2009.
Election of the board of directors
The Annual General Meeting accepted the Nomination Committee's proposal and resolved to re-elect Erik Eberhardson, Per Frankling, Ulf Gundemark, Anders C. Karlsson, Stig Karlsson, Svend Holst Nielsen and Annette Sadolin as members of the board. Svend Holst Nielsen was re-elected as chairman of the board.
Election of auditors
The Annual General Meeting resolved to elect the authorised public accountants Bertel Enlund and Staffan Landén, both Ernst & Young AB, to be the Company's auditors with the authorised public accountants Linda Kjellgren and Johan Thuresson, both Ernst & Young AB, as deputy auditors for a mandate period of four years.
Incentive programme 2010/2013
The Annual General Meeting resolved to introduce "The Incentive Programme 2010/2013" through a directed issue of up to 784,000 subscription warrants with the right to subscribe for new shares in Lindab International AB or, where applicable, with the right for the Company to transfer repurchased shares to senior executives and key employees in accordance with the proposal. The subscription warrants will be transferred at market price to 90 senior executives and key employees within the Lindab Group.
End
The information here is that which Lindab International AB has willingly chosen to make public or that which it is obliged to make public in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading Act.
Contacts:
LINDAB
Svend Holst-Nielsen, Chairman of the Board
Email: svend.holst-nielsen@sreg.com
Mobile: +46 (0)70 8557000
Lindab - A Ventilation and Building Products company:
Lindab develops, manufactures, markets and distributes products and system solutions primarily in steel for simplified construction and improved indoor climate.
The business is carried out within three business areas, Ventilation, Building Components and Building Systems. The products are characterised by their high
quality, ease of assembly, energy efficiency, consideration towards the environment, and are delivered with high levels of service. Altogether, this increases customer value.
The Group had net sales of SEK 7,019 m in 2009, was established in 31 countries and had approximately 4,500 employees. The main market is non-residential construction, which accounts for 80 percent of sales, while residential accounts for
20 percent of sales. During 2009, the Nordic market accounted for 42 percent, CEE/CIS (Central and Eastern Europe as well as other former Soviet states) for 21 percent, Western Europe for 32 percent and other markets for 5 percent of total sales.
The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Large Cap, under the ticker symbol LIAB. The principal shareholders are Ratos, Sjätte AP-fonden and Skandia Liv. For more information visit www.lindabgroup.com