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Report from Lifco’s Annual General Meeting 2015

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Lifco’s Annual General Meeting took place on May 6, 2015, in Stockholm. The Annual General Meeting, led by Chairman of the Board Carl Bennet, decided to:

  • adopt the annual accounts for 2014

  • discharge the members of the Board and the Chief Executive Officer from liability for the financial year 2014

  • according to the proposal in the summons, distribute a dividend of SEK 2.60 per share for 2014 and that the record date for distribution will be May 8, 2015,

  • for the financial year 2015 grant, according to the proposal in the summons, the Board a remuneration of a total of SEK 5,100,000 to be divided among the members including reimbursement for committee work,

  • appoint, according to the proposal in the summons, the following members to the Board until the next Annual General Meeting is held in 2016:

    Carl Bennet (re-election)

Gabriel Danielsson (re-election)

Ulrika Dellby (new election)
Erik Gabrielson (re-election)

Ulf Grunander (new election)

Fredrik Karlsson (re-election)

Johan Stern (re-election)

Axel Wachtmeister (re-election)

  • appoint, according to the proposal in the summons, Carl Bennet as Chairman of the Board,

  • approve the proposal given in the summons to re-elect the accounting firm PricewaterhouseCoopers as auditor of the company,

  • the nomination committee until the next Annual General Meeting will be formed and perform the duties according to the proposal in the summons,

  • adopt the proposal for the remuneration of senior officers made by the Board in the summons and,

  • adopt the proposal to divest the subsidiary NETdental GmbH made by the Board in the summons.

In his speech the CEO Fredrik Karlsson reported on Lifco’s global operations, developments in the business areas and the latest acquisitions. He also described Lifco’s philosophy for value creation. The philosophy means that Lifco has a long-term perspective on corporate development, that good profitability is a prerequisite for sustainable growth and that subsidiaries have a high degree of independence. Lifco has also established clear criteria as regards acquired companies. They are, amongst other things, to be stable operations, leading within their own niche and must show documented profitability. During the first quarter, Lifco executed four acquisitions within all of the three business areas. The CEO also described how Lifco has worked further with its financing during the first quarter. During the quarter, Lifco issued a bond loan for the first time. The unsecured bond loans               generated a great deal of interest from investors and the transaction of in total 1,050 MSEK took place on April 1.

Minutes from the Annual General Meeting will be available on the company website as soon as they have been verified.

Lifco AB (publ)
The Board of Directors

For more information please contact:

Carl Bennet

Chairman of the Board,

Phone +46 31 741 64 00, E-mail ir@lifco.se

Fredrik Karlsson

CEO

Phone +46 730 244 872, E-mail ir@lifco.se

Åse Lindskog  
Media and investor relations manager
Phone +46 730 244 872, E-mail ir@lifco.se

About Lifco

Lifco acquires and develops market-leading niched operations with the potential to deliver sustainable profit growth and strong cash flows. The Group has three business areas: Dental, Demolition & Tools and Systems Solutions. Lifco has a clear corporate philosophy which implies a long-term perspective, focus on profits and a highly decentralized organization. Lifco has more than 100 companies in 28 countries. In 2014, the Group’s net sales amounted to SEK 6.8 billion and the EBITA margin was 14.2%. For more information, visit www.lifco.se.

This information is made public May 6, 2015, at 05.45pm CET according to the Securities Market Act, the Financial Instruments Trading Act and/or the regulations of Nasdaq Stockholm.

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Annual General Meeting board Board of Directors Lifco AB Lifco Shareholders Meeting

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