Published to the NASDAQ OMX Copenhagen via Company News Service on 30 April
2009.
Minutes of Annual General Meeting on 30 April 2009.
1. Election of Chairman of the Meeting.
Klaus T. W. Lund was elected Chairman of the Meeting.
The Chairman declared that the total share capital was present and with the
agreement of the General Meeting, that the General Meeting formed a quorum and
nobody objected to the legality of the General Meeting.
2. The Supervisory Board's review of the Company's operations in the past year.
The financial performance for the financial year 2008 amounts to a loss of DKK
44 million before tax. The profit before tax and before value adjustments
amounts to DKK 20 million which is at the level of expectations. Value
adjustments of investment properties and debt, net affect profit for the year
before tax by negative DKK 64 million. By the end of the year, equity amounts
to DKK 262 million against DKK 295 million the year before. The activities in
the Group comprise all SAS' Danish domicile and training properties in Amager,
and have in all other respects proceeded as planned in 2008.
The Supervisory Board considers the profit for the year before tax
unsatisfactory.
3. Presentation of annual report for adoption.
The audited annual report was presented and adopted unanimously and with all
votes.
4. Resolution to spend profits or cover losses according to the adopted annual
report.
The Supervisory Board recommended that profit for the year be transferred to
next financial year.
The recommendation was adopted unanimously and with all votes.
5. Election of Supervisory Board members.
The full Supervisory Board was up for election. Michael Sheikh (Chairman),
Gunnar Már Petersen, and Klaus T. W. Lund were re-elected.
6. Appointment of auditor.
Deloitte Statsautoriseret Revisionsaktieselskab was re-appointed unanimously
and with all votes.
7. Amendments to the articles of association.
The General Assembly approved unanimously and with all the votes the proposed
change of domicile and the included change to the articles of association.
8. Any other business.
Nobody wished to speak.
The General Meeting was closed.
Please address questions relating to this Notice to Company Secretary Klaus T.
W. Lund on telephone +45 3378 4000.
