Bulletin from Cybercom’s 2007 AGM
Cybercom Group Europe AB (publ) held its AGM on Tuesday, 8 May 2007. AGM participants elected Wigon Thuresson as a new board member and authorised share issues, e.g., for financing the acquisition of auSystems operations in Denmark, Poland, and Sweden.
For immediate release Tuesday, 08 May 2007
Bulletin from Cybercom’s 2007 AGM
Cybercom Group Europe AB (publ) held its AGM on Tuesday, 8 May 2007. AGM participants elected Wigon Thuresson as a new board member and authorised share issues, e.g., for financing the acquisition of auSystems operations in Denmark, Poland, and Sweden.
These items summarise Cybercom’s AGM resolutions; they correspond to board proposals in the AGM notification.
New members on board: Shareholders at the AGM elected Wigon Thuresson to the board and as board chairman. Thomas Landberg was also elected and will assume his board member post on 1 July 2007. These board members were re-elected: Eva Gidlöf, Per Edlund, Lars Persson, Per Norén, and Ulf Körner. A remuneration of SEK 300,000 should be paid to the board chairman and remuneration of SEK 150,000 should be paid to each of the other board members.
Dividends: AGM participants approved the board’s proposal that no dividends will be issued for the 2006 financial year.
Authorising the board to implement share issues: The shareholders authorised the board to increase Cybercom’s share capital: (1) on one or more occasions during the period until the next AGM – by at most SEK 12,500,000 to be acquired via pre-emptive share issues for a total of at most 12,500,000 shares in Cybercom; and (2) via one or several share issues (waiving shareholders’ pre-emptive rights) for a total of the highest number of shares that is comparable to at most 10% of the total number of shares that Cybercom issued at the time of authorisation.
Authorising the board to buy back Cybercom shares: AGM participants authorised the board – on one or more occasions in the period until the next AGM – to decide on acquisition or transfer of Cybercom shares that correspond to a maximum of 10% of Cybercom’s share capital, as per the board’s proposal.
Authorising the board to take a decision regarding a participating loan or an equity loan: Shareholders authorised the board – on one or more occasions during the period until the next AGM – to take decisions regarding take out of a participating loan or an equity loan.
Nomination and remuneration committees: Shareholders at the AGM appointed Per Edlund and Magnus S Eriksson as representative of Cybercom’s two largest shareholders (JCE Group and Skandia), and John Örtengren, representative for minority shareholders via the Swedish Shareholders' Association. Unless members agree otherwise, the nomination committee chairman must be the committee member who represents the shareholder with the most votes. In instances when the owner’s representative no longer represents the current owner or leaves the committee before his or her work is finished, then the shareholder can appoint a new nomination committee member.
Wigon Thuresson, Per Edlund, and Eva Gidlöf were elected to the remuneration committee, which works with principles for setting salaries and other employment terms and conditions for Cybercom’s CEO and executives.
Also, the AGM accepted new articles of association. All AGM resolutions are available at the company. AGM minutes are published in Swedish at www.cybercomgroup.se and photos of Wigon Thuresson and Thomas Landberg are available for downloading.
