NCC’s Annual General Meeting on April 13, 2011
The Annual General Meeting of NCC AB shareholders will be held on April 13, 2011 at Grand Hôtel, Vinterträdgården in Stockholm. The meeting will start at 4:30 p.m. and registration will commence at 3:30 p.m.
The Nomination Committee proposes reelection of Antonia Ax:son Johnson, Tomas Billing, Ulf Holmlund, Ulla Litzén, Marcus Storch and Christoph Vitzthum. It is proposed that Tomas Billing be elected as Chairman of the Board of Directors.
Shareholders representing more than 50 percent of the total voting rights in NCC AB propose the following Nomination Committee: reelection of Viveca Ax:son Johnson and new election of Thomas Ehlin, Director of Corporate Governance, Nordea Investment Funds and Thomas Eriksson, President of Swedbank Robur AB. It is proposed that Viveca Ax:son Johnson be elected as chairman of the Nomination Committee.
The Board of Directors proposes that the Annual General Meeting approve a dividend of SEK 10.00 (6.00) per share for the 2010 fiscal year. The Board of Directors proposes Monday, April 18, 2011 as the record date for dividends. If the Annual General Meeting approves the proposition, it is estimated that Euroclear Sweden AB will distribute dividend payments on Thursday, April 21.
The Board of Directors proposes that the guidelines for determining salaries and other remuneration to the President and other members of company management, that were adopted at the 2010 Annual General Meeting will continue to be applied in all essential respects.
It is proposed that director fees be paid in a total amount of SEK 2,775,000, distributed so that the Chairman of the Board receives SEK 650,000 and each other member receives SEK 425,000. The proposal implies a raise of the director fees by a total of SEK 325,000.
Furthermore, it is proposed that the Board of Directors be authorized by the Annual General Meeting to sell the 21,138 series B treasury shares currently held by the Company.
The complete notification of the Annual General Meeting is available as an enclosed pdf document or on http://www.ncc.se/AGM2011
For more information, please contact:
Johan Bergman, Investor Relations Manager, +46 (0)70 354 80 35
Magnus Jonsson, Press Officer, +46 (0)8 585 52246
NCC’s media line: +46 8 585 519 00, E-mail: press@ncc.se
This is the type of information that NCC could be obligated to disclose pursuant to the Securities Market Act. The information was issued for publication on March 9, 2011, at 8,20 a.m.
All of NCC’s press releases are available on www.ncc.se/en
NCC is one of the leading construction and property development companies in the Nordic region. In 2010, NCC had sales of SEK 49 billion, with 17,000 employees.
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