Announcement from Systemair AB (publ) Annual General Meeting 2012
Systemair (NASDAQ OMX Stockholm: SYSR) held its Annual General Meeting on August 29, 2012 in the Systemair Expo in Skinnskatteberg, Sweden. The Meeting voted unanimously in favour of the Board's proposal in all suggestions.
The most important decisions main content were:
The Board's proposal of a dividend of SEK 1.25 per share was approved by the Meeting. The record date for dividend was determined Monday, September 3. The dividend will be paid through Euroclear Sweden AB on Thursday, 6 September 2012.
The meeting followed the Nomination Committee's proposal and re-elected Board Elisabeth Westberg, Lars Hansson, Göran Robertsson, Jürgen Zilling, Hannu Paitula and Gerald Engström.
Proposed fees for the board and audit committee
The meeting resolved that the directors' remuneration per director and the chairman is kept unchanged. SEK 400,000 to the Chairman and SEK 200,000 to each of the other members not employed by the company. All in all, are paid with SEK 1,200,000. The remuneration of the Audit Committee was established to be unchanged and be a total of SEK 100,000, SEK 50,000 the chairman and SEK 25,000 for each of the other members.
For further information, please contact:
Lars Hansson, chairman of the board, +46 70 895 90 02
Gerald Engström, CEO, + 46 222 44 001, + 46 70 519 00 01
Glen Nilsson, CFO, + 46 222 44 003, + 46 70 654 40 03
Systemair AB, SE-739 30 Skinnskatteberg, Sweden, +46 222 440 00, www.systemair.com
Note: The information in this press release is information that Systemair AB is required to disclose in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. Swedish and English versions of this information have been submitted for publication at 17.30 am on 29 August 2012.
Systemair in brief
Systemair is a leading ventilation company with operations in 44 countries in Europe, North- and South America, the Middle East, Asia and South Africa. The Company had sales of SEK 4 billion in financial 2011/12 and currently employs about 3,300 people. Systemair has reported an operating profit every year since 1974, when the Company was founded. During the past 15 years, the Company's growth rate has averaged about 15 percent.
Systemair has well-established operations in growth markets. The Group's products are marketed under the Systemair, Frico, VEAB and Fantech brands. Systemair shares have been quoted on the Mid Cap List of the OMX Nordic Exchange in Stockholm since October 2007. The Group comprises about 60 companies.