Dannemora Mineral AB: Press Release 6 April 2009
The Board of Dannemora Mineral AB (publ) has today issued a notice convening the annual general meeting which will take place at 5 p.m. on Monday 4 May 2009 in the Stora Salen Hall, Jernkontoret, Kungsträdgårdsgatan 10, Stockholm.
The record date for entitlement to take part in the meeting is Monday 27 April 2009.
Other information about the meeting can be found in the appendix 'Notice Convening the Annual General Meeting of Dannemora Mineral AB (publ)'. The Notice also appears in today's issues of Svenska Dagbladet and Post och Inrikes Tidningar (The Swedish Gazette).
For further information, please contact:
Staffan Bennerdt, Group President
Telephone 0295- 24 44 22
This document is a translation of the original press release in Swedish. In case of divergence, the
Swedish version shall have precedence.
Dannemora Mineral AB is a mining and exploration company, with the main goal to recommence mining operations in the Dannemora iron ore mine. The Company also engages in exploration activities to increase the iron ore base locally and regionally, and to explore base and precious metals in several areas in Uppland where the potential for finding mineable deposits is considered good.
Dannemora Mineral comprises the parent company Dannemora Mineral AB and the wholly-owned subsidiaries Dannemora Magnetit AB, which is responsible for operation of the Dannemora mine and the Group's exploration activities, and Dannemora Förvaltnings AB, which is responsible for the property portfolio.
The Company's most important asset is the iron ore deposit at Dannemora, and activities will initially focus mainly on the planned mining of this deposit.
The Company's Certified Advisor on First North is E. Öhman J:or Fondkommission AB.
Appendix to press release on 6 April 2009
Notice Convening the Annual General Meeting of Dannemora Mineral AB (publ)
The shareholders of Dannemora Mineral AB (publ) are herewith invited to participate in the annual general meeting to be held on at 5 p.m. on Monday 4 May 2009 in the Stora Salen Hall, Jernkontoret, Kungsträdgårdsgatan 10, Stockholm.
Right to participate in the meeting
In order to participate in the meeting, shareholders must be recorded in the register of shareholders kept by Euroclear Sweden AB (formerly VPC AB) on 27 April 2009, and must notify the company of their intention to participate. This can be done by post: Dannemora Mineral AB; Box 627, 182 16 Danderyd, fax: +46 (0)8-753 43 90, phone: +46 (0)295-24 44 00 or e-mail: niklas.kihl@dannemoramineral.se. The notification must be received by the company by 4 p.m. on Tuesday 27 April 2009.
In order to be entitled to participate in the meeting, shareholders with nominee-registered shares must temporarily register the shares in their own name through their nominee well in advance of 27 April 2009.
Proposed agenda
1. Opening of the meeting
2. Election of a person to chair the meeting
3. Preparation and approval of the voting list
4. Approval of the agenda
5. Election of one or two persons to verify the minutes
6. Consideration of whether the meeting was duly convened
7. Address by CEO
8. Presentation of the company's annual financial statements and auditor's report, the consolidated annual financial statements and auditor's report for the group.
9. Adoption of the company's income statement and balance sheet and the consolidated income statement and consolidated balance sheet.
10. Allocation of the company's profit or loss as shown in the balance sheet adopted by the meeting
11. Discharge of the members of the board and the CEO from personal liability
12. Determination of the number of board members, and deputies if relevant
13. Determination of fees paid to the board and auditors
14. Election of the chairman and board members, and deputies if relevant
15. Proposal for a mandate to implement new issues with preferential rights
16. Proposal for a mandate to implement new issues without preferential rights
17. Other business
18. Closing of the meeting
Proposals for adoption
Allocation of the company's profit or loss (point 10)
The Board proposes that no dividend be paid for the financial year 2008.
Election of board and auditors (points 12-14)
Shareholders representing more than 65 percent of the number of votes propose the re-election of the present board members Nils Bernhard, Lennart Falk, Nils Sandstedt, Lars-Göran Ohlsson, Christer Lindberg and Niklas Nordström, with Nils Bernhard also re-elected chairman. Annual board fees of SEK 675.000 are proposed, to be allocated as follows: chairman 225,000, deputy chairman 150,000 and other board members 75,000 each. It is proposed that the auditors' fees be paid on approved account.
Proposal for a mandate to implement new issues with preferential rights (point 15)
The Company's share capital comprises 7,760,000 shares, 1,200,000 of which are class A (10 votes) and 6,560,000 class B (one vote). The board proposes that the annual general meeting give it a mandate to issue new shares as a cash issue on one or more occasions before the next annual general meeting, with preferential rights for shareholders. Preferential rights shall either mean that each class of shares gives entitlement to subscribe for shares of the same class or that the new share issue only relates to class B shares, in which case both classes of shares carry equal preferential rights.
Proposal for a mandate to implement new issues without preferential rights (point 16)
The board proposes that the annual general meeting give it a mandate to issue new class B shares on one or more occasions before the next annual general meeting, without preferential rights for shareholders. Payment for newly issued shares shall, in accordance with what the board decides, be made in cash, by set-off, with property other than cash or in other cases under the conditions laid down in Chapter 2, Section 5, paragraphs 1-3 and 5 of the Swedish Companies Act. The reason for suspension of preferential rights is to enable the company to obtain working capital and make corporate acquisitions and/or acquire operating assets. The total number of shares that can be issued under the mandate may not exceed 1,000,000.
Other
The Annual Report for the financial year 2008 and other associated documents will be available from 20 April 2009 at the company's address, Svärdvägen 7, Danderyd. The documents will also be sent to shareholders who request a copy and state their address.
Östhammar, April 2008
Dannemora Mineral AB (publ)
The Board of Directors