BILIA’S ANNUAL GENERAL MEETING 2010
· Dividend set at SEK 3.00 per share
· Instructions to Nominating Committee adopted
· Share capital reduced by withdrawal of own shares
· Guidelines adopted for remuneration to Group Management
· Board of Directors authorised to buy back own shares
Today’s Annual General Meeting adopted the proposed cash dividend of SEK 3.00 per share (0). The record date was set at 4 May and the dividend is expected to be distributed through Euroclear on 7 April 2010. The following Board members were elected by the AGM: Ingrid Jonasson Blank, Heinrich Blauert, Eva Cederbalk, Jack Forsgren, Mats Holgerson, Jan Pettersson, Jon Risfelt and Mats Qviberg were re-elected and Svante Paulsson and Anna Qviberg were elected for the first time. The AGM re-elected Mats Qviberg as Chairman. The Board’s fee is unchanged from last year. Standing instructions were issued by the AGM to Bilia’s Nominating Committee. Each of the four largest shareholders appoints their own representative who, together with the Chairman of the Board, make up the Nominating Committee. The Nominating Committee is subject to the rules in the Swedish Code of Corporate Governance. The AGM resolved to reduce the share capital by withdrawal of 1,000,000 repurchased shares, corresponding to a reduction of the share capital by SEK 10,000,000. Proposed guidelines for remuneration to the Group Management were adopted by the AGM. Furthermore, the AGM resolved to authorise the Board to buy back the company’s own shares and to approve the transfer of such acquired shares as payment in conjunction with a possible company acquisition or by direct sale on the stock exchange.
Gothenburg, 29 April 2010
Bilia AB (publ)
For further information, please contact Jan Pettersson, Managing Director and CEO, or Gunnar Blomkvist, Chief Financial Officer, Bilia AB, tel. +46 31 709 55 00.
The above information is disclosed in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was published on 29 April 2010 at 12:15 p.m.
