2014 ANNUAL GENERAL MEETING OF BURE EQUITY AB

The Annual General Meeting (AGM) of Bure Equity AB (publ) on 24 April 2014 dealt with the following items of business, among others:

Election of Board members
As Bure’s Board of Directors, the AGM re-elected sitting Board members Eva Gidlöf, Carl Björkman, Hans Biörck, Mathias Uhlén and Patrik Tigerschiöld. Bengt Engström was elected as a new Board member. Patrik Tigerschiöld was re-elected as Board Chairman. The AGM decided that the number of Board members shall be six, which is the same as in the previous year.

Election of auditor
The AGM elected the auditing firm of PwC (PricewaterhouseCoopers) as the company’s auditor to serve for the period until the 2015 AGM. Michael Bengtsson was appointed as Auditor in Charge.

Resolution regarding dividends
The AGM resolved to approve a cash dividend of SEK 1 per share, of which SEK 0.50 per share consists of an ordinary dividend and SEK 0.50 per share consists of an extraordinary dividend. The record date was set for 29 April 2014, which means that the dividends are expected to be disbursed on 5 May 2014.

Resolution regarding the sale of shares in subsidiaries in the Mercuri group to individuals in the so-called “Leo circle”
The AGM resolved to approve the sale of all shares in Mercuri’s subsidiaries in the Czech Republic, Slovakia, Croatia and Slovenia to the respective country managers and key individuals in each country. The purchase consideration for the shares in each company shall be at least equal to the book value of the shares in the Parent Company, or, alternatively, to adjusted equity in the respective subsidiary. The book value of the shares in the subsidiaries amounts to a total of SEK 16 million.

Resolution regarding the sale of shares in the subsidiary Theducation AB to individuals in the so-called “Leo circle”
The AGM resolved to approve the sale of the shares in Theducation AB to the President of Theducation AB, Anne Danielsson, or to a company that is wholly owned by her. Anne Danielsson will pay purchase consideration of 1 SEK and contingent consideration that can amount to a maximum of SEK 4 million. In addition, Bure will receive 33 per cent of the sales price in the event of a further sale of Theducation AB within 36 months.

Principles for remuneration and other terms of employment for senior executives
The AGM approved the Board’s proposed principles for remuneration and other terms of employment for senior executives. In connection with this decision, the board informed of an agreement with the chairman Patrik Tigerschiöld’s company regarding his services to the company in addition to the regular work in the board.

Resolution regarding reduction of the share capital and a bonus issue
The AGM resolved to cancel the treasury shares that have been repurchased during the year. This will entail a reduction in the company’s share capital by SEK 33,335.238.02 through the cancellation of 5,050,475 shares without repayment for transference to non-restricted reserves.

As a consequence of the cancellation, the AGM resolved to authorise the Board of Directors to increase the company’s share capital by way of a bonus issue in an amount equal to the reduction, SEK 33,335,238.02, through a transfer from the company’s non-restricted equity. The bonus issue will be carried out without the issuance of new shares.

Resolution regarding the repurchase of shares
The AGM authorised the Board of Directors to repurchase treasury shares. Following the repurchase, the company may hold no more than 10 per cent of all shares in the company.

Exercise of repurchase authorisation
Yesterday’s AGM resolved to authorise the Bure’s Board of Directors to decide on the repurchase of treasury shares in order to adapt the company’s capital structure to the company’s capital requirements from time to time and thereby contribute to greater shareholder value. At the statutory meeting following the AGM, the Board decided to exercise this authorisation.

Shares may be acquired through trading on NASDAQ OMX Stockholm (“the stock exchange”), or in accordance with a tender offer to all of the company’s shareholders.

Shares may be acquired during the period from 24 April 2014 until the next AGM. However, no shares will be acquired during a period of 30 days prior to the publication of a quarterly report, including the date of publication. Acquisitions on the stock exchange may take place only at a price per share that falls within the registered price interval at any given time. Payment for the shares shall be made in cash. Shares may be acquired on one or several occasions.

Bure Equity AB currently holds 0 treasury shares. The total number of shares in issue by Bure Equity AB currently amounts to 76,051,510. The maximum number of shares that can be repurchased is thus 7,605,151.

Stockholm, 25 April 2014
  

Bure Equity AB (publ)
   
   

For more information contact:

The information contained herein is subject to the disclosure requirements of Bure Equity AB under the Swedish Securities Market Act. The information was publicly communicated on 25 April 2014, 9:30 a.m. CET.