Report from the Annual General Meeting of Alfa Laval AB
The Annual General Meeting of Alfa Laval AB was held at Olympen in Lund on Tuesday, April 22. Approximately 500 shareholders attended the meeting under the chairmanship of Anders Narvinger.
During the meeting the company’s President and CEO Lars Renström made an overview over the year 2007 and concluded that it was another successful year with a strong increase both in order intake and profitability. He also described how structural changes within energy related industries and strong positions in emerging markets give Alfa Laval good possibilities to continued profitable growth.
Lars Renström’s speech can be found on ”www.alfalaval.com/investors”.
The income statements and the balance sheets of the parent company and the Group were adopted, together with the Board’s proposal for distribution of surplus. The proposed dividend of SEK 9:00 per share was approved.
As Board members Gunilla Berg, Björn Hägglund, Ulla Litzén, Anders Narvinger, Finn Rausing, Jörn Rausing, Lars Renström and Waldemar Schmidt were re-elected.
Anders Narvinger was appointed Chairman of the Board.
The AGM decided the remuneration to the Board of Directors for 2008 according to the proposal from the Nomination Committee. The total remuneration should be SEK 3,485,000.
The Annual General Meeting also approved
- to authorize the Board of Directors to repurchase shares in Alfa Laval AB up to a number representing not more than five percent to the Annual General Meeting 2009.
- to split every old share to four new shares
Complete proposals can be found on www.alfalaval.com.
Lund, April 22, 2008
Alfa Laval AB
(publ.)
For more information please contact:
Peter Torstensson
Vice President, Communications
Alfa Laval
Tel: + 46 46 36 72 31
Mobile: +46 709 33 72 31
Alfa Laval AB (publ) discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 18.15 on April 22, 2008.