Lundbergs’ Annual General Meeting
Lundbergs’ Annual General Meeting adopted on Wednesday the Board of Directors’ motion that a dividend of SEK 4.60 per share be paid for the 2013 fiscal year. The record date for the dividend is April 14, 2014 and the dividend payment date is April 17, 2014.
Carl Bennet, Mats Guldbrand, Louise Lindh, Fredrik Lundberg, Katarina Martinson, Sten Peterson and Lars Pettersson were re-elected as Members of the Board and Lilian Fossum Biner was newly elected as Member of the Board. Mats Guldbrand was elected Chairman of the Board. KPMG AB was elected auditor for a term of office of one year. Lilian Fossum Biner, 52, has a degree in business administration. She is a Board member of companies including Cloetta AB, Nobia AB, Thule Group and Oriflame Cosmetics, and was formerly Executive Vice President and CFO of Axel Johnson AB, Executive Vice President and SVP Human Resources at AB Electrolux and CFO of Spendrups Bryggeri.
The Meeting also resolved that director fees be paid in a total amount of SEK 2,250,000, of which SEK 750,000 is to be paid to the Chairman of the Board and SEK 250,000 to each other Member of the Board, apart from the President. Furthermore, the Meeting adopted guidelines for remuneration to the executive management in accordance with the Board´s proposal.
In accordance with a motion from the Board, the Board was authorized to make decisions regarding the purchase of Series B Lundberg shares during the period up to the next Annual General Meeting. The shares are to be purchased on Nasdaq OMX Stockholm, subject to the limit that Lundbergs’ holding of treasury shares may not exceed 10% of the total number of the Company´s shares.
During his address to the Meeting, Lundbergs’ President Fredrik Lundberg reported on the Company’s business trend. At April 7, 2014, L E Lundbergföretagen’s market-valued holdings, less deductions for liabilities, were preliminarily valued at SEK 46 billion.
It was also reported that on April 7, 2014 the net asset value after deferred tax amounted to SEK 365 per share, compared with SEK 345 per share on December 31, 2013.
Stockholm, April 9, 2014
L E Lundbergföretagen AB (publ)
This is the type of information that L E Lundbergföretagen AB (publ) is obligated to disclose in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on April 9, 2014, at 3:15 p.m.