The Meeting established that the dividend for 2004 would be SEK 3.00 per share. The record date for the right to receive the dividend is 2 May 2005 and payment is expected via the Swedish Securities Register Centre (VPC) on 6 May 2005.

 

The following Board members were re-elected: Fredrik Cappelen, Stefan Dahlbo, Bodil Eriksson, Hans Larsson, Wilhelm Laurén, Harald Mix, Thomas Nilsson and Ingrid Osmundsen.

The Meeting elected Hans Larsson as Chairman of the Board.

The Meeting decided to introduce a performance-related staff options scheme for around 100 leading decision-makers within the Group. The options entitle the holder to acquire shares in the company during the period 31 May 2008 to 1 March 2009. The options may only be exercised fully if the average annual increase in the earnings per share over the three years from 2005 to 2007 is a minimum of 15 per cent. To secure the company's commitment in accordance with the scheme, promissory notes have been issued containing options for the new subscription of shares. Full utilisation of the proposed options will dilute the share capital and voting rights by around 1.0 per cent.

 

The Meeting decided that by the end of the third quarter at the latest, the Chairman of the Board shall call together the four largest shareholders in the company who will appoint one member each, who should not be a Board member, to the committee, The Chairman of the Board shall call the first meeting of the nominations committee. A representative of the owners should be chosen as chairman of the nominations committee. The composition of the nominations committee shall be announced no later than the publication date of the Q3 interim report. The purpose of the committee is to propose to the Annual General Meeting the nominations for Chairman of the Board, other Board members, auditors and deputy auditors (as necessary) and the fees for Board members and the auditors. The committee shall also propose to the AGM the principles to be observed for the appointment of the nominations committee and for the appointment of a chairman for the AGM.

 

The presentation made by the President and CEO, Fredrik Cappelen, at the AGM is available at www.nobia.se

Nobia AB

28 April 2005

Hans Larsson, Chairman of the Board, tel: +46 8-679 92 04, mobile: +46 70-592 92 55