Bulletin from Ratos AGM 2011
This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act or demands made in the exchange rules.
Ratos's Annual General Meeting (AGM) was held on 5 April 2011 in Stockholm.
Board of Directors The AGM re-elected Board members Olof Stenhammar, Lars Berg, Staffan Bohman, Arne Karlsson (CEO), Annette Sadolin, Jan Söderberg, Per-Olof Söderberg and Margareth Øvrum. Olof Stenhammar was also elected as Chairman of the Board. A more detailed presentation of the Board is presented atwww.ratos.se.
Dividend The AGM decided on an ordinary dividend of SEK 10.50 per share (9.50) of class A and B. The record date for the right to receive dividends is 8 April and dividends are expected to be paid on 13 April 2011.
Division of shares (share split) 2:1 The AGM decided on a division of shares (share split) so that each existing share is divided into two shares of the same class. The record date at Euroclear Sweden will be 6 May 2011, i.e. the last day of trading before the split will be 3 May 2011. The total number of shares in Ratos will subsequently increase from 162,070,448 to 324,140,896.
Purchase of treasury shares The AGM gave the Board a mandate to decide, during the period until the next ordinary AGM, on repurchase of a maximum number of shares so that the company's holding of treasury shares does not at any time exceed 4% of the total number of shares in the company.
At a subsequent statutory meeting, the Board decided to give the CEO, in consultation with the Chairman, a mandate to carry out purchases of treasury shares in accordance with the mandate given to the Board by the AGM.
Incentive programmes The AGM decided to issue a maximum of 650,000 call options (prior share split) on repurchased Ratos-shares to be sold at a market price to key people within Ratos. It was further decided on a transfer of a maximum of 650,000 shares (prior share split) in the company when the above-mentioned options are exercised.
In addition, the AGM decided, as in previous year, on a cash-settled option programme related to Ratos's investments in holdings. The programme will be carried out by issuing synthetic options which key people within Ratos will be entitled to acquire.
The AGM also decided on a transfer of a maximum of 8,000 class B shares (prior share split) to administrative employees.
Authorization for new issues to be used at acquisitions The AGM decided to authorise the Board, during the period until the next AGM, in conjunction with agreements on company acquisitions, on one or several occasions, with or without deviation from the pre-emptive rights of shareholders, for a cash payment, through set-off or non-cash, to make a decision on a new issue of shares in Ratos. This authorisation shall comprise a maximum of 17.5 million B shares (prior share split).
For further information, please contact: Olof Stenhammar, Chairman of the Board, +46 8 700 17 45 Emma Rheborg, Head of Corporate Communications & IR, +46 8 700 17 20
Financial calendar from Ratos:
Interim Report January - March 2011 5 May 2011
Interim Report January - June 2011 19 August 2011
Interim Report January - September 2011 9 November 2011
Ratos is a private equity conglomerate. The company's mission is to maximise shareholder value over time through the professional, active and responsible exercise of its ownership role in primarily medium to large unlisted Nordic companies. Ratos's holdings include AH Industries, Anticimex, Arcus-Gruppen, Biolin Scientific, Bisnode, Contex, DIAB, EuroMaint, GS-Hydro, Hafa Bathroom Group, HL Display, Inwido, Jøtul, KVD Kvarndammen, Lindab, Medisize, Mobile Climate Control, SB Seating, Stofa and Other holdings. Ratos is listed on NASDAQ OMX Stockholm.