The Nomination Committee amends proposals for increased Board fees in Troax Group AB
Thursday the 26th of March 2020, 16:00 CET
The Nomination Committee, consisting of representatives from the three largest owners and the Chairman of the Board, has proposed in a notice of the Annual General Meeting of Troax Group AB (publ) to increase the fees to the members of the Board with the exception of the CEO.
Taking into consideration the current situation where effects related to the corona virus are difficult to predict, the Nomination Committee of Troax Group AB (publ) has decided not to propose any increase in the fees to the Annual General Meeting and is instead proposing that the fees are being unchanged in relation to the fees approved of the 2019 Annual General Meeting.
Troax publishes this information in accordance with the Nasdaq Stockholm Regulations for Issuers.
For further information, please contact:
Johan Hjertonsson, Chairman of the Nomination Committe, +46 702 - 29 77 93, email@example.com
The information was submitted for publication, through the agency of the contact person set out above, at 16:00 CET on the 26th of March 2020.
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 a strong sales force and efficient logistics setup, enabling local presence and short delivery times in 42 countries.
In 2019 Troax net sales amounted to around 168 MEUR and the number of employees amounted to about 700 persons. The Company’s head office is located in Hillerstorp, Sweden.