Lindab's Annual General Meeting 7 May 2008
Lindab held its Annual General Meeting today at Lindab Ventilation's premises in Grevie, municipality of Båstad, Sweden. The Meeting resolved in favour of all proposed matters in accordance with the proposals of the Board of Directors. The main contents of the most important resolutions are described below.
Dividend
The board's proposal for an ordinary dividend of SEK 5.25 per share was adopted.
The record date for the right to receive dividends is 12 May 2008. It is expected that the dividends will be disbursed by VPC on 15 May 2008.
Election of Board of Directors and Auditors
In accordance with the proposals by the Nomination Committee, Svend Holst-Nielsen, Kjell Åkesson (CEO), Anders C. Karlsson, Stig Karlsson, Hans-Olov Olsson and Annette Sadolin were re-elected. Svend Holst-Nielsen was also re-elected Chairman of the board.
The AGM elected Ernst & Young as the Company's auditing firm with Ingvar Ganestam as auditor in charge for the remaining mandate period up until the AGM 2010.
Buy-back of own shares
The AGM gave the board a mandate to decide, during the period until the next ordinary AGM, to repurchase and transfer own shares up to a maximum amount of SEK 400 m. However, the Company's holding of its own shares may not exceed 5 percent of all shares in the company at any one time.
Incentive Programme 2008/2011
The AGM decided to implement the "Incentive Programme 2008/2011" through an issue of maximum 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 participants in the programme according to the proposal. The subscription warrants shall be transferred at market price to approximately 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 according to the laws for Stock Exchange and Clearing Operations Act and/or the Financial Instruments Trading Act.
Contacts:
Chairman of the board, Svend Holst Nielsen
Email: svend.holst-nielsen@sreg.com
Mobile: +46 (0)70 8557000
LINDAB
Kjell Åkesson, CEO
Email: kjell.akesson@lindab.com
Tel. +46 (0)431 850 00 / 850 07
Mobile: +46 70 618 50 07
About Lindab:
Lindab is an international group that develops, manufactures and markets sheet metal products and system solutions for the construction sector.
The two business areas, Profile and Ventilation offer complete solutions for construction systems and indoor climate, as well as individual construction and ventilation components for all types of buildings.
Lindab is listed on the Stockholm Stock Exchange, Nordic Large Cap under the ticker "LIAB".
The Lindab group has approximately 5,000 employees in 30 countries and generated sales of SEK 9,280 million in 2007. Its head office is located in Grevie near Bastad in southwestern Sweden. For more information visit www.lindabgroup.com