Decisions of general meeting
Press release from the annual general meeting of PartnerTech AB (publ), April 27, 2015
Among the resolutions passed by the annual general meeting were:
The annual general meeting resolved that all of the company's unappropriated earnings of SEK 348,088,441 are to be carried forward to new account, as a result of which no dividend will be payable for the fiscal year 2014 (SEK 0.50/share for the fiscal year 2013).
The members of the board and the CEO were discharged from liability for the fiscal year 2014.
The income statement and balance sheet, as well as the consolidated income statement and consolidated balance sheet, were adopted.
The board fee was set to remain at SEK 320,000 for the chairman and SEK 160,000 for other members elected by the shareholders who are not employees of the company. Furthermore, the chairman of the board of directors´ audit committee shall receive an additional amount, until the end of the next annual general meeting, of SEK 30,000 (SEK 30,000 previous year).
Petter Stillström, Thomas Thuresson, Henrik Lange, Bengt Engström, Gösta Johannesson and Heléne Mellquist were re-elected as members of the board. Bengt Engström was re-elected as chairman of the board. PricewaterhouseCoopers AB was re-elected as the company's accounting firm with Magnus Willfors as principal auditor. It was resolved that audit fees will be payable in accordance with approved invoices.
The company’s principles for the appointment of a nomination committee were amended primarily with the effect that the nomination committee is to consist of representatives from the two, instead of three, largest shareholders and some additional minor adjustments and amendments with respect to the procedure for the appointment of the representatives.
Proposed guidelines were adopted governing remuneration for management, implying that the main principle is to offer the management competitive remuneration and employment conditions. The adopted guidelines were the same as adopted at the last year’s annual general meeting. For full terms and conditions, please go to www.partnertech.com
The meeting authorized the board to reach decisions concerning one or more issues prior to the next annual general meeting of no more than 1,266,490 new shares, with or without deviation from the preferential rights of shareholders, representing a dilution of just under 10% of the share capital and the total number of votes . The purpose of the authorization is to enable acquisitions.
It was noted that all the decisions were unanimous.
For more information, please contact:
Leif Thorwaldsson, President and CEO, Tel: +46 -70-5832650
Åke Bengtsson, CFO, Tel: +46 -733-162755
PartnerTech AB is obligated to make the disclosures in this press release public pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for public disclosure at 4.45 pm on April 27th, 2015.
As a global industrial partner PartnerTech offers customized solutions throughout the product lifecycle, from product development to manufacturing and aftermarket services, in a number of market areas such as MedTech and Oil&Gas. With approximately 1,400 employees at its plants in Sweden, Norway, Finland, Poland, the UK, the United States and China, PartnerTech reports annual sales of more than SEK 2.2 billion. PartnerTech AB, the parent company, has its head office in Malmö, Sweden, and is listed on the Nasdaq OMX Stockholm Exchange. For more information www.partnertech.com.