Nobina's Annual General Meeting 2011
On Monday, May 23th 2011, Nobina held its Annual General Meeting at the company's premises in Solna. The Meeting approved the Group’s and Parent Company’s income statements and balance sheets for the fiscal year 2010/2011, and resolved that there would be no dividend for the previous fiscal year.
Birgitta Kantola, Rolf Lydahl, Thomas Naess, Jan Sjöqvist and Jan Sundling were re-elected as Directors of the Board. Jan Sjöqvist was re-elected Chairman of the Board of Directors. The Meeting approved the compensation to the Board totalling SEK 1,325,000, to be split according to the resolution proposed. Fees to the auditors shall be paid in accordance with account approved by the board of directors.
The Meeting authorized the Board, for the period up to the next Annual General Meeting, on one or several occasions and with or without pre-emption rights for the shareholders, to resolve to issue new shares, as suggested by the Board of Directors. The Meeting also approved the Board’s proposal on guidelines for remuneration for the senior management.
The Meeting also resolved principals for the establishment of a nomination committee, according to which the nomination committee should consist of a representative of each of the three largest shareholders, based on the number of votes held, together with the Chairman of the Board of Directors.
The meeting also approved the Board of Directors’ proposal to revise the articles of association regarding the announcement of the notice to attend the Annual General Meeting, according to the amendment to the Swedish Companies Act (Sw. aktiebolagslagen).
The annual report for the fiscal year 2010/2011 is available at the premises of Nobina AB (publ), Armégatan 38, 171 71, Solna, as well as on the official website www.nobina.com.
For further information, please contact:
Jan Sjöqvist, Chairman of the Board of Directors, telephone: +46 (0) 70 593 40 10
We simplify people’s daily travel Nobina Sverige is currently responsible for nearly 30 percent of the public bus traffic in Sweden. The company operates line traffic on contract for clients throughout the country, for example, SL, Västtrafik and Skånetrafiken, as well as local contract traffic. Nobina Sverige has approximately 7,000 employees, 2,100 buses and annual sales of about SEK 4.5 billion. Each year, approximately 200 million passengers travel with Nobina Sverige.
The Nobina group is the largest company in the Nordic region within the area of public transport by bus, and its business concept is to simplify the customers' daily travel. The operations include contractual regional traffic in the Nordic region as well as inter-regional traffic. The Group consists of the operating companies Nobina Sverige and Swebus, Nobina Norge, Nobina Finland and Nobina Denmark. With approximately 260 million passengers per year, Nobina is one of the ten largest passenger transport companies in northern Europe.