Annual General Meeting in Munters AB (publ)

Annual General Meeting in Munters AB (publ)

Today, Munters AB held its Annual General Meeting in Stockholm, Sweden. 

Board of Directors and fee
The Annual General Meeting held in Munters AB today re-elected the Board members

Anders Ilstam, Bengt Kjell, Sören Mellstig, Eva-Lotta Kraft, Jan Svensson and
Lars Engström, and elected Kenneth Ericsson and Kjell Åkesson as new Board
members. Anders Ilstam was appointed Chairman of the Board.

It was decided that the fee to the board members shall amount to a total of SEK
2,275,000.

Auditor
The Meeting resolved to re-elect the registered accounting firm Ernst & Young AB
for a term of four years. Björn Fernström, authorized public accountant, will
remain the auditor in charge until the Annual General Meeting in 2009. 

It was decided that the fee to the auditor shall be payable on account.

Dividend
The Annual General Meeting determined a dividend of SEK 2.50 per share, in
accordance with the proposal of the Board of Directors. Friday 25 April 2008 was
determined as record day for the dividend, which is expected to be distributed
by the Swedish Central Securities Depository (“VPC AB”) on 30 April 2008.

Guidelines for remuneration to senior executives
The Meeting resolved to establish guidelines for remuneration to senior
executives in accordance with the proposal of the Board of Directors,
principally entailing that the remuneration shall be in accordance with market
conditions and have a pre-determined cap.

Employee incentive program
The resolution of the Annual General Meeting principally entails that the
Company will issue a maximum of 600,000 employee options for repurchased shares,
of which each option will entitle the holder to acquire one share in the
company. A share will be transferred at a price equivalent to 120 per cent of
the average volume weighed purchase price of the share in the company, quoted on
the OMX Nordic Exchange, Stockholm, during a period of ten banking days from 29
April-13 May 2008. The employee options may be exercised as from 1 June 2011 up
to and including 31 May 2012. The employee options are free of charge and shall
be allotted to the Managing Director, group executives and members of the
division management operation and stab. Approximately 30 persons are comprised
by the program. The allotment is subject to an improvement of the profit per
share during 2008 in relation to the preceding year. There will be no allotment
if the improvement is less than 4 %. Maximal allotment is obtained at an
improvement of more than 8 %. At an improvement between 4 - 8 %, the allotment
shall be granted pro rata. The Managing Director, who will receive the largest
allotment, may be allotted a maximum of 50,000 employee options. Other members
of the group management may be allotted a maximum of 30,000 employee options per
person. Members of division management operation will be able to receive maximum
15,000 employee options each and the members of division management stab will be
able to receive maximum 10,000 employee options each. Exercise of the employee
options presupposes continuous employment up to and including December 2010. The
employee options shall however have a cap, implying that the profit can be
equivalent to a maximum of 100 % of the redemption price. This means that, if
the market value of the shares at exercise should exceed 200 % of the redemption
price as mentioned above, the redemption price which the holder is obliged to
pay shall be correspondingly adjusted upwards. The Meeting further resolved to
transfer 600,000 repurchased shares in the Company to employees that have
received employee options, in accordance with the terms of the program.

Articles of association
The Annual General Meeting resolved to amend the articles of association (3§) so
that the Board of Directors will have its registered office in the municipality
of Stockholm.

Election Committee
The Annual General Meeting resolved to adjust the instruction for the Election
Committee entailing that the Committee be appointed for a time period up until
the election of a new Election Committee.

Report of the Managing Director
The report of the Managing Director Lars Engström can be found at
www.munters.com/

Kista, April 22, 2008 


For further information, please contact:
Lars Engström, CEO Tel: +46 8 626 63 03 Mob: +46 70 228 85 19
Jonas Samuelson, CFO Tel: +46 8 626 63 06 Mob: +46 70 626 63 79
Andreas Olofsson, VP Corp. Communication Tel: +46 8 626 54 08 Mob: +46 703 518
400


Munters is a global leader in energy efficient air treatment solutions and
restoration services based on expertise in humidity and climate control
technologies. Customers are served in a wide range of segments, the most
important being insurance-, utilities-, food-, pharma- and electronics-
industries. Manufacturing and sales are carried out via the Group's own
companies in more than 30 countries. The Group has close to 4,300 employees and
net sales of about SEK 6.3 billion. The Munters share is listed on OMX Nordic
Exchange Stockholm, Mid Cap. For more information see www.munters.communters.com