Resolutions at today's Annual General Meeting of Addtech AB, and the ensuing statutory Board of Directors Meeting, included the following:

 

Dividend
A dividend of SEK 6.00 per share was declared. Record date for the dividend was confirmed to be 30 August 2007. The dividend is expected to be remitted by VPC AB 4 September 2007.

 

Board of Directors and management
The following were re-elected as directors: Roger Bergqvist, Anders Börjesson, Eva Elmstedt, Tom Hedelius, Urban Jansson and Lars Spongberg. Anders Börjesson was re-elected to serve as Chairman of the Board of Directors.

 

Tom Hedelius was re-elected to serve as Vice Chairman of the Board of Directors at the ensuing statutory Board of Directors Meeting.

 

The Board of Directors has appointed Johan Sjö as President and Chief Executive Officer of Addtech. He will begin to serve 1 January 2008. He will serve as Executive Vice President of Addtech AB from 1 October 2007.

 

Repurchase of own shares
The Annual General Meeting resolved in accordance with the proposal of the Board of Directors to authorise the Board of Directors to buy and sell shares in the Company, on one or more occasions, such authorisation to remain valid until the next following Annual General Meeting. The purpose of such repurchases is to allow for adjustment of the Group's capital structure and to enable the Company to make future acquisitions of companies or businesses with payment in the Company's own shares. By holding shares in treasury the Company is also assuring its obligations under the personnel option programme for members of senior management resolved in December 2001.

 

Purchases shall be made via the OMX Nordic Exchange in Stockholm at the quoted sell price from time to time. Acquisition of own shares is limited in such a way that the Company may at no time hold more shares in treasury than the equivalent of 10 percent of all shares outstanding in the Company. Sale of shares held in treasury shall be possible to make with or without preferential rights for existing shareholders, but not via the OMX Nordic Exchange in Stockholm. Sales may be made to finance acquisition of companies or businesses.

 

At the statutory Board of Directors Meeting, the Board of Directors decided to exercise the authorisation given to it by the Annual General Meeting held 27 August 2007 to repurchase shares in the Company.

 

Since before, Addtech AB holds 1,133,000 class B shares in treasury, equivalent to 4.8 percent of the total number of shares outstanding, and 3.4 percent of the votes. 428,000 of the shares held in treasury are set aside to secure the Company's obligations under the existing personnel option programme. The total number of shares outstanding in Addtech AB, including shares held in treasury, is 23,632,832.

Next report
An interim report for the period 1 April - 30 September 2007 will be published 8 November 2007.

 

Stockholm, 27 August 2007

Addtech AB (publ)
Board of Directors