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Share 2016-09-26 17:29 RATOS B 39.60 SEK

Notice of AGM 4 April 2006

2006-03-01

Ratos's Annual General Meeting will be held on Tuesday, 4 April at 5.30 p.m. in Berwaldhallen, Stockholm. The complete notice of the meeting is available at www.ratos.se where attendance can also be notified. Complete company documentation will be available at Ratos's head office and on the company's website www.ratos.se from 21 March.
Board of Directors
The Nomination Committee proposes re-election of Board members Olof Stenhammar, Lars Berg, Staffan Bohman, Peggy Bruzelius, Göran Grosskopf, Arne Karlsson (CEO), Jan Söderberg and Per-Olof Söderberg. Olof Stenhammar is proposed as Chairman of the Board. Mr. Stenhammar is also proposed as Chairman of the AGM. All Board members are independent of the company except Arne Karlsson. Jan Söderberg and Per-Olof Söderberg are not independent in relation to major shareholders.
 
Proposed dividend SEK 9.00
The Board proposes a dividend of SEK 9.00 per share (8.50) of class A and B. The record date for the right to receive dividends is 7 April and dividends are expected to be paid on 12 April.
 
Redemption, split and bonus issue
The Board proposes a mandatory redemption combined with a share split and a bonus issue. A 3:1 share split is proposed where each Ratos share will be split into two new ordinary shares and one so-called redemption share with record date 24 April. The proceeds of SEK 19 per each redemption share from the mandatory redemption are expected to be paid out on 22 May.
 
Share buy-backs
The Board of Directors proposes that the Annual General Meeting gives the Board a mandate to decide, during the period until the next Annual General Meeting, on repurchase of a maximum number of shares so that the company's holding at any time does not exceed 7% of all the shares in the company. The purpose of the buy-backs is to give the Board more room for manoeuvre in its work to create value for the company's shareholders.
 
 Incentive programme
The Board proposes a decision to issue a maximum of 500,000 call options on repurchased Ratos shares to be transferred at a market premium to a maximum of 15 key employees within Ratos. The intention is that option purchases should be partly subsidised. It is further proposed that the Annual General Meeting decides on a transfer of a maximum of 500,000 shares in the company when the above-mentioned options are exercised.
 

 

New Articles of Association
In compliance with the new Swedish Companies Act, the Board proposes that new, amended, Articles of Association, are adopted by the AGM.
 
Nomination Committee
The Nomination Committee proposes that the AGM assigns the Chairman, in consultation with the largest owners of the company, to form a Nomination Committee ahead of the 2007 AGM. The Committee shall consist of at least four members of which the Chairman should be one. The members of the committee should be announced no later than six months ahead of the 2007 AGM.
 
 
For further information:
Olof Stenhammar, Chairman Ratos, +46 8 700 17 45
Arne Karlsson, CEO Ratos, +46 8 700 17 45