Bulletin from Ratos AGM 2012
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 18 April 2012 in Stockholm.
Board of Directors The AGM re-elected Board members Lars Berg, Staffan Bohman, Arne Karlsson, Annette Sadolin, Jan Söderberg, Per-Olof Söderberg and Margareth Øvrum. Olof Stenhammar had declined re-election. Arne Karlsson was elected as Chairman of the Board. A more detailed presentation of the Board is presented at www.ratos.se.
The AGM elected PricewaterhouseCoopers AB as auditors for the period until the next annual general meeting has been held.
Dividend The AGM decided on an ordinary dividend of SEK 5.50 per share (5.25) of class A and B. The record date for the right to receive dividends is 23 April and dividends are expected to be paid on 26 April 2012.
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 the 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 1,150,000 call options on repurchased Ratos-shares to be sold at a market premium to key people within Ratos. It was further decided on a transfer of a maximum of 1,150,000 shares 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 16,000 class B shares 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 35 million B shares.
For further information, please contact: Arne Karlsson, Chairman of the Board, +46 8 700 17 00 Emma Rheborg, Head of Corporate Communications & IR, +46 8 700 17 20
Financial calendar from Ratos:
Interim Report January - March 2012 8 May 2012
Interim Report January - June 2012 17 August 2012
Interim Report January - September 2012 9 November 2012
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, Finnkino, GS-Hydro, Hafa Bathroom Group, HL Display, Inwido, Jøtul, KVD Kvarndammen, Lindab, Mobile Climate Control, SB Seating and Stofa. Ratos is listed on Nasdaq OMX Stockholm and market capitalisation amounts to approximately SEK 27 billion.