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Share 2016-09-29 17:29 RATOS B 40.64 SEK

Ratos Annual General Meeting

2009-04-03

Board of Directors
The AGM re-elected Board members Olof Stenhammar, Lars Berg, Staffan Bohman, Arne Karlsson (CEO), Annette Sadolin, Jan Söderberg and Per-Olof Söderberg. Margareth Øvrum was elected as a new member. Olof Stenhammar was also elected as Chairman of the Board. A more detailed presentation of the Board is presented at www.ratos.se.
 
Dividend
The AGM decided on an ordinary dividend of SEK 9.00 per share (9.00) 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 14 April.
 
Share buy backs
The AGM gave the Board a mandate to decide, during the period until the next ordinary AGM, repurchase of a maximum number of shares so that the company's holding of shares does not exceed 7% of all the shares in the company.
 
At a subsequent statutory meeting, the Board decided to give the CEO, in consultation with the Chairman, a mandate to carry out purchases of shares in accordance with the mandate given to the Board by the AGM.
 
Incentive programmes
The AGM decided to issue a maximum of 650,000 call options on repurchased Ratos-shares to be sold at a market price to key people within Ratos. It was further decided on a transfer of a maximum of 650,000 shares in the company if the above-mentioned options are exercised.
 
In addition, the AGM decided, as in previous year, on a cash-settled option programme related to Ratos's investments in holdings. The programme will be carried out through issuance of synthetic options which key people within Ratos will be entitled to acquire.
 
Set-off or non-cash share issues to be used at acquisitions
The AGM decided to authorise the Board to decide on set-off or non-cash share issues in conjunction with company acquisitions. This authorisation shall comprise a maximum of 30 million B shares.
 
For further information, please contact:
Olof Stenhammar, Chairman of the Board Ratos, +46 8 700 17 45