Bulletin from the AGM of Troax Group AB (publ)
Hillerstorp 10th of May 2016 18:30 CET
The AGM of Troax Group AB (publ) was held on May 10, 2016 in Hillerstorp.
Adoption of the Income Statements and Balance Sheets, dividend and discharge of liability
The Income Statements and Balance Sheets were adopted, together with the Board of Directors` proposal for dealing with the Company ́s profit. The dividend was set at SEK 3.00 per share (approx 0,325 Euro) with May 12 as the record day. The estimated date for payment is May 17, 2016. The Board of Directors and the President were discharged from liability for the financial year 2015.
Establishment of principles for the Election Committee and election of members to the Nomination Committee
In accordance with the Nomination Committee ́s principles, the AGM decided that the Nomination Committee prior to the AGM 2017 shall comprise of Anders Mörck (chairman) representing Investment AB Latour, Jan Särlvik, Nordea Funds, Ulf Hedlundh, Svolder AB and Jan Svensson, Chairman of the Board of Troax Group AB. It was also decided in accordance with the proposals on which principles should apply to the Nominating Committee
Board of Directors and remuneration to the Directors, Auditors and fees to the auditors
In accordance with the Nomination Committee´s proposal, the AGM decided that Board of Directors shall comprise of six elected Board members. The AGM decided of re-election of Jan Svensson, Per Borgvall, Anna Stålenbring, Thomas Widstrand and Curt Germundsson. Lennart Sundén and Peter Möller declined re-election. Eva Nygren was elected as new member of the Board. Jan Svensson was appointed Chairman of the Board.
In accordance with the Nomination Committee ́s proposal, the AGM approved the proposal regarding remuneration to the Board, excluding committee work, of SEK 1,200,000 in total, whereof SEK 400,000 to the Chairman of the Board, and SEK 200,000 to each of the Directors elected by the AGM and not employed by the Company. For work in audit committee and remuneration committee the chairman will receive SEK 50,000 and other members in the committees will receive SEK 25,000 each.
The AGM approved the proposal to elect Öhrlings PriceWaterhouseCoopers AB as auditor for the period up until the end of the AGM 2017. Authorized public accountant Magnus Brändström will be the registered auditor-in-charge.
The auditor ́s fee shall be paid on the basis of approved invoice.
Principles for remuneration
The AGM decided to approve the Board of Directors` proposal for principles of remuneration to the Management.
For additional information, please contact: Thomas Widstrand, President and CEO
Thomas Widstrand
President and CEO
Troax Group AB
Box 89
330 33 Hillerstorp
Tel 46 (0)370-82831
http://www.troax.com
thomas.widstrand@troax.com
About Troax
Troax is the leading global supplier of indoor perimeter protection (“metal-based mesh panel solutions”) for the market segments: Machine guarding, Warehouse partitioning and Property Protection. Troax develops high quality and innovative safety solutions to protect people, property and processes.
Troax Group AB (publ), Reg. No. 556916-4030, has a global organisation with an unparalleled sales force and efficient logistics setup, enabling local presence and short delivery times in 33 countries.
In 2015 Troax net sales amounted to 103 MEUR and the number of employees amounted to 440 persons. The Company’s head office is located in Hillerstorp, Sweden.
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