Archive information Annual General Meeting 2010. The shareholders of ASSA ABLOY AB were invited to attend the Annual General Meeting on Thursday 22 April 2010 at Moderna Museet, Skeppsholmen, Stockholm.
Below the information sent out in the press release after the meeting.
The Annual General Meeting of ASSA ABLOY AB re-elected Gustaf Douglas, Carl Douglas, Johan Molin, Sven-Christer Nilsson, Birgitta Klasén, Eva Lindqvist, Jorma Halonen, Lars Renström and Ulrik Svensson as members of the Board of Directors. Gustaf Douglas was then re-elected as Chairman of the Board.
The Annual General Meeting approved the dividend of SEK 3.60 per share proposed by the Board of Directors and the President. The record date for the dividend was set as Tuesday, 27 April 2010 and the dividend is expected to be distributed by Euroclear Sweden AB starting on Friday 30 April 2010.
The total remuneration of the Board of Directors will amount to SEK 4,050,000, excluding fees for committee work.
Gustaf Douglas (Investment AB Latour and SäkI), Mikael Ekdahl (Melker Schörling AB), Liselott Ledin (Alecta), Marianne Nilsson (Swedbank Robur Fonder) and Per-Erik Mohlin (SEB Fonder/SEB Trygg Liv) were elected as members of the Nomination Committee up to the conclusion of the 2011 Annual General Meeting. Mikael Ekdahl was elected Chairman of the Nomination Committee.
The Annual General Meeting resolved on the guidelines to be set for the remuneration of senior management, with the main principle that salaries and terms of remuneration for management should be in line with the market.
The Annual General Meeting resolved to authorise the Board of Directors to, on one or more occasions, repurchase Series B shares in the company for the period up until the next Annual General Meeting. The repurchase shall maximum comprise so many Series B shares that the company's holding does not at any time exceed 10 per cent of the total number of shares in the company.
The Annual General Meeting resolved to implement a long term incentive programme for senior executives and key employees within the ASSA ABLOY Group ("LTI 2010"), in accordance with the proposal of the Board earlier released.
Johan Molin, President and CEO, Tel: +46 8 506 485 42 or Tomas Eliasson, CFO and Executive Vice President, Tel: +46 8 506 485 72.
This information is that which ASSA ABLOY is required to disclose under the Swedish Securities Exchange and Clearing Operations Act and/or the Swedish Financial Instruments Trading Act. The information was released for publication at 18:00 on 22 April.
Recording of CEO Johan Molin's statement at the annual general meeting.
Minutes from Annual General Meeting 2010
Download the Power of Attorney
Published 10 May 2010
Tel.:+46 8 506 485 79Mobile: +46 70 555 55 77E-mail Niklas
Tel.: +46 8 506 485 51Mobile: +46 70 564 8571E-mail Hedvig
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