Lindab held its Annual General Meeting today at Lindab Ventilation's
premises in Grevie, municipality of Båstad, Sweden. The Meeting
resolved in favour of all proposed matters in accordance with the
proposals of the Board of Directors. The main contents of the most
important resolutions are described below.
Dividend
The board's proposal for an ordinary dividend of SEK 5.25 per share
was adopted.
The record date for the right to receive dividends is 12 May 2008. It
is expected that the dividends will be disbursed by VPC on 15 May
2008.
Election of Board of Directors and Auditors
In accordance with the proposals by the Nomination Committee, Svend
Holst-Nielsen, Kjell Åkesson (CEO), Anders C. Karlsson, Stig
Karlsson, Hans-Olov Olsson and Annette Sadolin were re-elected. Svend
Holst-Nielsen was also re-elected Chairman of the board.
The AGM elected Ernst & Young as the Company's auditing firm with
Ingvar Ganestam as auditor in charge for the remaining mandate period
up until the AGM 2010.
Buy-back of own shares
The AGM gave the board a mandate to decide, during the period until
the next ordinary AGM, to repurchase and transfer own shares up to a
maximum amount of SEK 400 m. However, the Company's holding of its
own shares may not exceed 5 percent of all shares in the company at
any one time.
Incentive Programme 2008/2011
The AGM decided to implement the "Incentive Programme 2008/2011"
through an issue of maximum 784,000 subscription warrants with the
right to subscribe for new shares in Lindab International AB or,
where applicable, with the right for the Company to transfer
repurchased shares to participants in the programme according to the
proposal. The subscription warrants shall be transferred at market
price to approximately 90 senior executives and key employees within
the Lindab Group.
End
The information here is that which Lindab International AB has
willingly chosen to make public or that which it is obliged to make
public according to the laws for Stock Exchange and Clearing
Operations Act and/or the Financial Instruments Trading Act.
Contacts:
LINDAB
Chairman of the board, Svend Holst Nielsen
Email: svend.holst-nielsen@sreg.com
Mobile: +46 (0)70 8557000
LINDAB
Kjell Åkesson, CEO
Email: kjell.akesson@lindab.com
Tel. +46 (0)431 850 00 / 850 07
Mobile: +46 70 618 50 07
About Lindab:
Lindab is an international group that develops, manufactures and
markets sheet metal products and system solutions for the
construction sector.
The two business areas, Profile and Ventilation offer complete
solutions for construction systems and indoor climate, as well as
individual construction and ventilation components for all types of
buildings.
Lindab is listed on the Stockholm Stock Exchange, Nordic Large Cap
under the ticker "LIAB".
The Lindab group has approximately 5,000 employees in 30 countries
and generated sales of SEK 9,280 million in 2007. Its head office is
located in Grevie near Bastad in southwestern Sweden. For more
information visit www.lindabgroup.com