2016 ANNUAL GENERAL MEETING OF BURE EQUITY AB (PUBL)
The information contained herein is subject to the disclosure requirements of Bure Equity AB (publ) under the Swedish Securities Market Act. The information was publicly communicated on 10 May 2016, 8:30 a.m. CET.
The Annual General Meeting (AGM) of Bure Equity AB (publ) on 9 May 2016 dealt with the following items of business, among others:
Election of Board members
The AGM decided that the number of Board members shall be seven. As Bure’s Board of Directors, the AGM re-elected sitting Board members Carl Björkman, Hans Biörck, Bengt Engström, Charlotta Falvin, Patrik Tigerschiöld and Mathias Uhlén. Sarah McPhee was elected as a new Board member. Patrik Tigerschiöld was re-elected as Board Chairman.
Election of auditor
The AGM elected the auditing firm of Öhrlings PricewaterhouseCoopers AB as the company’s auditor to serve for the period until the 2017 AGM. Michael Bengtsson will be Auditor in Charge.
Resolution regarding dividends
The AGM resolved to approve a cash dividend of SEK 1 as ordinary dividend and SEK 1 as extraordinary dividend, in total SEK 2 per share. The record date was set for 11 May 2016, which means that the dividends are expected to be disbursed on 16 May 2016.
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.
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 11,347,881.81 through the cancellation of 1,501,000 shares without repayment for transference to non-restricted reserves.
As a consequence of the cancellation, the AGM resolved to increase the company’s share capital by way of a bonus issue in an amount equal to the reduction, SEK 11,347,881.81, 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 authorized the Board of Directors, until the date of the 2017 AGM, to repurchase 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. Following the repurchase, the company may hold no more than 10 per cent of all shares in the company.
Shares may be acquired through trading on Nasdaq 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 9 May 2016 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 69,332,710. The maximum number of shares that can be repurchased is thus 6,933,271.
Exercise of repurchase authorization
At the statutory meeting following the AGM, the Board decided to exercise this authorization.
Stockholm, 10 May 2016
Bure Equity AB (publ)
For more information contact:
Henrik Blomquist, CEO
Tel. +46 8 – 614 00 20