Announcement from the Annual General Meeting in East Capital Explorer AB (publ) on 28 April 2010
(Thomson Reuters ONE) -
The Meeting approved the Board's proposal that this year's result is carried
forward to new account and that no dividends are distributed in accordance with
the dividend policy of the Company. The Meeting granted the members of the Board
and the CEO discharge from liability for the reporting period.
Paul Bergqvist, Anders Ek, Lars Emilson, Alexander Ikonnikov and Justas Pipinis
were re-elected to the Board. The Meeting also elected Monika Elling and Karine
Hirn as new members of the Board. Kestutis Sasnauskas had declined to be
re-elected. The meeting re-elected Paul Bergqvist as Chairman of the Board.
The Meeting resolved that the compensation to the Board of Directors until the
next Annual General Meeting remains unchanged SEK 700,000 to the Chairman of the
Board of Directors and SEK 300,000 to each member of the Board of Directors that
is not employed in the East Capital group. Members of the Board that are
employed in the East Capital group do not receive remuneration. The Meeting
resolved that compensation for work in the Audit Committee remains unchanged
with SEK 50,000 to the chairman of the Audit Committee and SEK 30,000 kronor to
each of the other members. Furthermore, it was resolved that fees to the auditor
be paid according to approved invoices under a given offer.
The Meeting approved the Board's proposal for guidelines for remuneration of
senior management.
The Meeting resolved, in accordance with the proposal of the Board, to make a
conditional amendment of the articles of association so that notice of a general
meeting shall be given through announcement in Post- och Inrikes Tidningar and
on the Company's website together with an advertisement in Svenska Dagbladet
indicating that notice has been given.
The Meeting authorized the Board to decide on acquiring the Company's own shares
in accordance with the proposed resolution.
The Meeting approved the proposal to reduce the share capital by way of
redemption of repurchased shares and to increase the share capital by way of a
bonus issue.
The Meeting approved the proposal for the Nomination Committee.
At the meeting of the Board held after the Annual General Meeting, members of
the Audit Committee were elected. Paul Bergqvist was re-elected Chairman of the
Audit Committee and Anders Ek, Monika Elling, Lars Emilson and Alexander
Ikonnikov were elected members of the Audit Committee.
Contact information:
Paul Bergqvist, Chairman of the Board East Capital Explorer +46 733 55 41 00
Louise Hedberg, Head of Communications/IR East Capital Explorer +46
8 505 977 20
Financial reporting calendar - East Capital Explorer:
* Monthly Net Asset Value report on the fifth working day after the end of
each month
* Annual General Meeting 2010 in Stockholm on 28 April 2010
* Interim Report 1 January - 31 March 2010, 11 May 2010
* Interim Report 1 January - 30 June 2010, 20 August 2010
* Interim Report 1 January - 30 September 2010, 11 November 2010
About East Capital Explorer ? East Capital Explorer AB is a Swedish company,
created with the specific aim of bringing unique investment opportunities in
Eastern Europe to a broader investor base. The company invests mainly in East
Capital's private equity and semi-public equity funds that provide exposure to
companies not otherwise accessible via the local stock exchanges in Eastern
Europe. East Capital Explorer targets fast growing sectors such as the power
utilities, financial, retail and consumer goods and real estate sectors. East
Capital Explorer has appointed East Capital to manage its investment activities.
Since 9 November 2007, East Capital Explorer is listed on NASDAQ OMX Stockholm,
Mid Cap.
This information is disclosed in accordance with the Securities Markets Act, the
Financial Instruments Trading Act or demands made in the exchange rules.
[HUG#1409832]
100429-Press release agm 28 april 2010 eng: http://hugin.info/143006/R/1409832/362411.pdf
Unternehmensinformation / Kurzprofil:
Datum: 29.04.2010 - 08:48 Uhr
Sprache: Deutsch
News-ID 19941
Anzahl Zeichen: 0
contact information:
Town:
Stockholm
Kategorie:
Business News
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