The Board of BioGaia proposes that the AGM approve an extraordinary dividend, dissolution of the statutory reserve and an incentive scheme for the employees
(Thomson Reuters ONE) -
The Board of BioGaia proposes that the AGM approve an extraordinary dividend,
dissolution of the statutory reserve and an incentive scheme for the employees
The Board of Directors of BioGaia AB has decided, in addition to the proposal in
the annual report, to propose that the 2012 Annual General Meeting (AGM) approve
an additional extraordinary dividend of SEK 2 per share. The Board also proposes
a reduction in the statutory reserve by SEK 77.7 million and a transfer to non-
restricted reserves. The Board furthermore proposes the implementation of a
subscription warrant programme for the employees.
In the annual report for 2011, the Board has proposed an ordinary dividend of
SEK 1.26 per share and an extraordinary dividend of SEK 2.74 per share, for a
total of SEK 4 (four) per share. The Board now proposes that the AGM approve an
additional extraordinary dividend of SEK 2 (two) per share. The proposal will be
taken up as an extra item on the agenda of the 2012 AGM.
The total proposed dividend is thus SEK 6 (six) per share, which is equal to a
total dividend of SEK 103.6 million. The total dividend is accommodated within
the framework of non-restricted equity in the Parent Company, which according to
the annual report at 31 December 2011 amounted to SEK 117.8 million.
The Board also proposes that the AGM approve a reduction in the statutory
reserve by SEK 77.7 million and a transfer of the entire statutory reserve to
non-restricted reserves.
The Board has furthermore decided to propose that the AGM approve a subscription
warrant programme for all permanent employees in the BioGaia Group. Upon full
exercise of the warrants, the programme will have a dilutive effect of 1.14 per
cent on the share capital and 0.83 per cent on the votes in BioGaia AB.
Notice of the AGM is given six to four weeks prior to the meeting through an
announcement in the official gazette Post- och Inrikes Tidningar and on the
company's website. An announcement that notice has been given is also published
in Svenska Dagbladet. The AGM will be held on 8 May 2012, 4:00 p.m., at
Citykonferensen Ingenjörshuset, Malmskillnadsgatan 46, in Stockholm.
For additional information please contact
Peter Rothschild, President, telephone: +46 8 555 293 00
Press release March 21, 2012:
http://hugin.info/86913/R/1596019/502718.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: BioGaia AB via Thomson Reuters ONE
[HUG#1596019]
Unternehmensinformation / Kurzprofil:
Datum: 21.03.2012 - 08:01 Uhr
Sprache: Deutsch
News-ID 126914
Anzahl Zeichen: 3138
contact information:
Town:
Stockholm
Kategorie:
Business News
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