Press release from Bergs Timber AB (publ) Annual General Meeting in Hultsfred.

CEO summary of 2017/18
CEO Peter Nilsson presented a summary of the financial year 2017/18. The presentation will be published on the company website.

Adoption of income statements and balance sheets
The annual general meeting adopted the income statements and balance sheets for the parent company and the group for the financial year 2017/18.

Appropriation of profits
The annual general meeting resolved, in accordance with the proposal from the Board of Directors, that a dividend should be paid of 0,10 SEK per share for the financial year 2017/18. Record day for dividend was set to 10thof May 2019 and payment on 15thof May 2019.

Discharge from financial liability
The annual general meeting discharged the Board of Directors and the CEO from financial liability for the financial year.

Election of boardmembers and auditors
The annual general meeting resolved to re-elect all board members. Michael Bertorp was re-appointed Chairman of the Board. Deloitte AB was appointed as auditor in charge and they have notified the company that Magnus Andersson will be the principal auditor.

Fees
The annual general meeting confirmed the board fees for 2019 according to the nomination committee proposal. The fee levels are therefore 10 price base amounts to the Chairman of the Board and 3,5 price base amounts to other members of the Board. Fee to the Chairman of the Audit Committee is 0,5 price base amounts. Further it was confirmed that a fixed fee of 2,500 SEK per meeting should be paid to the members of the audit and remuneration committees. Audit remuneration shall be paid based on approved invoices.

Authorisation for the board to issue new shares
In order to facilitate further acquisitions, if any, the annual general meeting resolved to authorise the Board of Directors to, during the time to the next annual general meeting, at one or more occasions, issue new shares of a maximum of 34 000 000 shares. This is equivalent to 10 % of the share capital.

Guidelines for remuneration to senior executives
The annual general meeting approved the guidelines for remuneration to senior executives according to the proposal from the Board of Directors.

Complete set of proposals and resolutions
The annual general meeting approved all proposals that the Board of Directors and the nomination committee put forward to the meeting. The proposals are available in earlier published notice of annual general meeting and the resolutions will be available in the minutes from the annual general meeting which will be published at the company website.

Further information regarding this press release can be obtained from the CEO Peter Nilsson (+46 70 315 09 27) or from the company CFO Anders Marklund (+46 70 284 47 96).

 
Mörlunda 2019-05-08

Bergs Timber AB (publ)

The Board of Directors

 
Address etc

Bergs Timber AB (publ), corp. reg. no.: 556052-2798, Bergs väg 13, 570 84 Mörlunda, tel: +46 10-19 98 500. More information about the company can be obtained on our company website www.bergstimber.com  

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About Us

Bergs Timber can be found on both sides of the Baltic Sea with sawmills and processing in an overall production totalling around 1 million cubic meters of sawn timber products. In Latvia we manufacture gardening products, windows, doors and prefabricate houses, while in Sweden we have a facility for rot-proofing wood. We also have an operation in the UK. We are entrepreneurs in an organisation with decentralised responsibility. The entire business is characterized by security and reliability. We always aim to be perceived as the most attractive alternative for our customers through modern, made-to-order production and a unique product. We make investments in our facilities and fine tune them daily to meet your requirements. Forest owners can feel safe with us as their collaborative partner in the forestry industry. We also make the best possible use of your timber in our facilities. Wood binds carbon dioxide and the wood products industry helps people make sustainable, climate-friendly choices. People who invest in Bergs Timber are making a sustainable investment.

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