Annual General Meeting 2010
The Ratos Annual General Meeting was held on 15 April 2010 at Berwaldhallen, Stockholm.
Election of board members
The Meeting followed the nomination committee's proposal and resolved to re-elect Olof Stenhammar, Lars Berg, Staffan Bohman, Arne Karlsson (CEO), Annette Sadolin, Jan Söderberg, Per-Olof Söderberg and Margareth Øvrum. Olof Stenhammar was elected as chairman of the board.
Dividend
The Meeting resolved on an ordinary dividend of SEK 9.50 per share (9.00) on Class A and Class B shares. The record date for the dividend was set at 20 April and payment is expected to be made on 23 April.
Repurchase
The Meeting authorised the board to resolve to repurchase, before the next Annual General Meeting, no more shares than such that the company's holding of own shares does not at any time exceed seven per cent of all shares in the company. At the subsequent constitutive board meeting, the board resolved to delegate authority to the CEO, in consultation with the chairman, to carry out repurchases in accordance with the mandate received from the Meeting.
Incentive programme
The Meeting resolved to issue no more than 650,000 call options on repurchased Ratos shares to be transferred at a market premium to key persons within Ratos. The Meeting also resolved to transfer no more than 650,000 shares in the company in connection with the exercise of the aforementioned options.
The Meeting further resolved, as in the previous year, on a cash-settled option programme related to Ratos investments in holdings. The programme will be implemented through the issue of synthetic options which key persons within Ratos shall be entitled to acquire.
Authorisation to issue new shares for use in acquisitions
The Meeting resolved to authorise the board to, in connection with company acquisitions, on one or more occasions, against cash payment, through set-off or payment in kind, issue new Ratos shares. The authorisation covers a total of no more than 30 million Class B shares.