Owners, representing 26.7 per cent of capital and voting rights in Nobia, have appointed a nomination committee. The nomination committee will draft proposals for the AGM regarding:
election of chairman of the board of directors and other members of the board of directors,
fees to the board of directors divided between the chairman and other members and any fees for work in committees,
decision regarding principles for election of nominating committee, and
Chairman at general meeting.
The nomination committee comprises the following members:
Erik Törnberg, Öresund
KG Lindvall, Robur
Kerstin Hessius, Tredje AP-fonden
Fredrik Palmstierna, SäkI
Hans Larsson, Chairman of the Board
Nobia shareholders are invited to give their opinions and proposals to the committee.
5 October 2005
For suggestions and further information, contact:
Erik Törnberg, chairman of the nomination committee, phone +46-8-402 33 00,
mobile +46-70-462 45 01
By post: Nobia AB, Nomination Committee, P.O. Box 70376, SE-107 24 Stockholm, Sweden
Nobia is Europe's leading kitchen interiors company. The Group works with strong brands in several European markets. Sales are mainly through specialised kitchen studios, managed internally or through franchises. Nobia leads the consolidation of the European kitchen industry and, by using an industrial approach, creates profitable growth by implementing greater efficiency and making acquisitions. In 2004, the Group reported sales of SEK 11.3 billion and had approximately 6,700 employees. Nobia is listed on the O-List of the Stockholm Stock Exchange.
Nobia develops and sells kitchen solutions through a number of strong brands in Europe, including Magnet in the UK; HTH, Norema, Sigdal, Invita and Marbodal in Scandinavia; Petra and A la Carte in Finland; as well as ewe, Intuo and FM in Austria. Nobia generates profitability by combining economies of scale with attractive kitchen offerings. The Group has approximately 6,100 employees and had net sales of about SEK 13 billion. The share is listed on Nasdaq Stockholm under the ticker NOBI. Website: www.nobia.com