Resolutions approved at the Annual General Meeting in Betsson AB (publ)
The following resolutions were approved at the Annual General Meeting of Betsson
AB (publ) on 12 May 2008:
• To the board members were re-elected Per Hamberg, Patrick English, Kicki
Wallje-Lund and John Wattin. Also decided on the re-election of Carl Lewenahaupt
and Lars Linder Aronson. The Annual General Meeting decided to appoint Anders
Johan Wattin as chairman of the board. PricewaterhouseCoopers AB, with
authorized auditor Michael Bengtsson as auditor, was elected as the auditor for
the period until the end of the AGM 2012.
• The General Meeting decided to adopt the annual report and discharge the Board
and the Managing Director from liability for the financial year 2007.
• The General meeting decided on a share split and automatic share redemption
programme. The redemption programme means that approximately SEK 197.8 million,
corresponding to SEK 5.00 per share will be distributed to the shareholders. The
following resolutions were approved regarding the share split and the redemption
of shares:
• Decision to execute a share split 2:1, whereby each share is divided into two
shares. One of these shares will be a so called redemption share.
• Decision to reduce the share capital by automatic redemption of shares,
whereby 5,420,000 Class A shares and 34,133,720 Class B shares are redeemed.
• Decision to increase the share capital by way of a bonus issue, whereby the
Company's share capital is restored to its original amount before the decision
on reduction of the share capital.
• The record date for the share split is 20 May 2008. Trading in the redemption
shares of Class B will take place from 22 May 2008 up to and including 4 June
2008. The record date for the share redemption is 10 June 2008. Payment is
expected to take place via VPC around 13 June 2008.
• The Annual General Meeting resolved to authorise the Board to resolve on
purchasing, at one or several occasions, so many own shares that the Company's
holding does not at any time exceed 10 per cent of the total number of shares in
the Company. The purchase of shares shall take place on a regulated market,
where shares in the Company are listed, and may only occur at a price within the
share price interval registered at that time, where the share price interval
means the difference between the highest buying price and lowest selling price,
or through a public offer to all shareholders, whereby the purchase price shall
be set at not lower than the share price at the time when the decision is taken
and not higher than 150 per cent of the such share price. Furthermore, the
General Meeting resolved to authorise the Board to pass resolutions on disposal
of the Company's own shares as payment in connection with an acquisition of
companies or businesses, at a price within the share price interval registered
at that time.
• The General Meeting resolved to authorise the Board to, at one or more
occasions, during the time until the next Annual General Meeting, resolve on the
issuance of shares for consideration in kind which involves the issuance of not
more than 4 million Class B shares (corresponding to a dilution of approximately
10 percent). The purpose of the authorisation is to increase the Company's
financial flexibility and be able to make payment using own financial
instruments in connection with potential acquisitions. The basis for the
determination of the subscription price shall be the share price at the time of
each issue date.
• The General Meeting resolved to reduce the Company's equity reserve with SEK
253,278,500, from SEK 506,557,000 to SEK 253,278,500. The amount whereby the
equity reserve is reduced shall be transferred to non-restricted equity.
• The General Meeting decided to establish a Nomination Committee which shall
consist of not less than three members representing the Company's major
shareholders. The Nomination Committee will be formed in October 2008.
• The General Meeting resolved in accordance with the Board's proposal to adopt
principles for remuneration of senior executives.
Betsson AB (publ)
The Board of Directors
For further information contact:
Pontus Lindwall, CEO and President Betsson AB (publ), phone: +46 (0)8 506 403 10
or +46 (0)708 27 51 55 or Pontus@betsson.com
