NORRKÖPING, Sweden--(BUSINESS WIRE)--Regulatory News:
L E Lundbergföretagen (STO:LUNDB):
Lundbergs’ Annual General Meeting adopted on Thursday the Board of Directors’ motion that a dividend of SEK 4.00 per share be paid for the 2011 fiscal year. The record date for the dividend is April 17, 2012 and the dividend payment date is April 20, 2012.
Carl Bennet, Gunilla Berg, Mats Guldbrand, Louise Lindh, Fredrik Lundberg, Katarina Martinson and Sten Peterson were re-elected as Members of the Board and Lars Pettersson was newly elected as Member of the Board. Mats Guldbrand was elected Chairman of the Board. KPMG AB was elected auditor for a term of office of one year. Lars Pettersson, aged 57, MSc Engineering Physics and Ph.D. h.c., is Member of the Board of Skanska AB, PMC Group and Uppsala University’s University Council. He was formerly President and Chief Executive Officer of Sandvik AB.
The Meeting also resolved that director fees be paid in a total amount of SEK 1,800,000, of which SEK 600,000 is to be paid to the Chairman of the Board and SEK 200,000 to each other Member of the Board, apart from the President. Furthermore, the Meeting adopted guidelines for remuneration to the executive management in accordance with the Board´s proposal.
In accordance with a motion from the Board, the Board was authorized to make decisions regarding the purchase of Series B Lundberg shares during the period up to the next Annual General Meeting. The shares are to be purchased on Nasdaq OMX Stockholm, subject to the limit that Lundbergs’ holding of treasury shares may not exceed 10% of the total number of the Company´s shares.
During his address to the Meeting, Lundbergs’ President Fredrik Lundberg reported on the Company’s business trend. At April 10, 2012, L E Lundbergföretagen’s assets were preliminarily valued at SEK 38 billion and net debt was preliminarily calculated at SEK 2 billion. It was also reported that on April 10, 2012 the net asset value after deferred tax amounted to SEK 277 per share, compared with SEK 267 per share on December 31, 2011.
Stockholm, April 12, 2012
L E Lundbergföretagen AB (publ)
This is the type of information that L E Lundbergföretagen AB (publ) is obligated to disclose in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on April 12, 2012, at 3:45 p.m.
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