Annual General Meeting of B&B TOOLS AB 25 August 2011
(Thomson Reuters ONE) -
At the Annual General Meeting and the ensuing statutory Board of Directors
Meeting of B&B TOOLS AB today, resolutions passed included the following:
Dividend
The Annual General Meeting approved a dividend of SEK 3.00 per share. The record
date for payment of the dividend was set as 30 August 2011. The dividend is
expected to be distributed to shareholders by Euroclear Sweden AB on 2 September
2011.
Board of Directors
Per Axelsson, Anders Börjesson, Tom Hedelius, Anita Pineus and Stefan Wigren
were re-elected as Directors.
Joakim Rubin was elected as a Director.
Tom Hedelius was re-elected as Chairman.
A presentation of the members of the Board of Directors is available on the
Cmpany's website www.bb.se
At the ensuing statutory Board meeting, Anders Börjesson was appointed Vice
Chairman.
At the statutory Board meeting, the entire Board, with the exception of the
President & CEO and employee representatives, was elected to serve as the
Company's Audit Committee. The Chairman, the Vice Chairman and the President &
CEO were appointed to serve as the Company's Compensation Committee.
Auditors
The registered auditing firm of KPMG AB was re-elected by the Annual General
Meeting as auditors for the period ending with the adjournment of the 2012
Annual General Meeting (with Authorised Public Accountant George Pettersson as
Chief Auditor).
Election Committee
The Annual General Meeting resolved to instruct the Chairman of the Board to
contact the largest shareholders in terms of voting rights not later than 31
January 2012, asking them to appoint four members to serve, together with the
Chairman, as an Election Committee. Selection of shareholders to be contacted
shall be based on the shareholder register as of 31 December 2011. The Election
Committee shall appoint a Chairman from among its members. The composition of
the Election Committee shall be announced not later than six months prior to the
2012 Annual General Meeting.
In the event that a member of the Election Committee resigns or is prevented
from fulfilling the assignment, the remaining members, if the Election Committee
so decides, shall appoint a suitable replacement to the Election Committee for
the remaining period in office. In the event that a member of the Election
Committee or the owner represented by that member has significantly reduced his
or her ownership in the Company at the time of the Election Committee's meetings
held in preparation for the upcoming Annual General Meeting, the members of the
Election Committee shall determine whether the composition of the Election
Committee should be changed.
Adoption of guidelines for determining compensation and other terms of
employment for the President & CEO and other members of Group management
The Annual General Meeting resolved to adopt guidelines for determining
compensation and other terms of employment for the President & CEO and other
members of Group management in accordance with the motion of the Board of
Directors.
Next report
The Interim Report for the period from 1 April to 30 September 2011 (six months)
will be published on 10 November 2011.
Stockholm, 25 August 2011
B&B TOOLS AB (publ)
The Board of Directors
For further information, contact:
Stefan Wigren, President & CEO, B&B TOOLS AB, telephone +46 8 660 10 30
Mats Karlqvist, Vice President - Investor Relations, B&B TOOLS AB, telephone
+46 70 660 31 32
UNITED FOR INDUSTRIAL EFFICIENCY
B&B TOOLS provides the industrial and construction sectors in northern Europe
with industrial consumables, industrial components and related services. The
Group has annual revenue of approximately SEK 8 billion and approximately 2,800
employees.
This information is published in accordance with the Securities Market Act, the
Financial Instruments
Trading Act or requirements stipulated in the regulations for issuers.
Annual General Meeting of B&B TOOLS AB 25 August 2011:
http://hugin.info/1026/R/1541296/471518.pdf
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Source: B&B TOOLS AB via Thomson Reuters ONE
[HUG#1541296]
Unternehmensinformation / Kurzprofil:
Datum: 25.08.2011 - 18:28 Uhr
Sprache: Deutsch
News-ID 59440
Anzahl Zeichen: 5046
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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