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Announcement from Systemair AB (publ) Annual General Meeting 2016

August 25, 2016, 17:30
Regulatory information

Systemair (NASDAQ OMX Stockholm: SYSR) held its Annual General Meeting on August 25, 2016 in the Systemair Expo in Skinnskatteberg, Sweden. The Meeting voted in favour of the Board's proposal in all suggestions.

The most important decisions main content was:


The Board's proposal of a dividend of SEK 2.00 (2.00) per share was approved by the Meeting. The record date for dividend was determined Monday, August 29 2016. The dividend will be paid through Euroclear Sweden AB on Thursday, 1 September 2016.

The Board

The meeting followed the Nomination Committee's proposal and re-elected Board members Carina Andersson, Per-Erik Sandlund and Gerald Engström, and elected Carina Patrik Nolåker and Svein Nilsen as board members. Gerald Engström was elected chairman.

Proposed fees for the board and audit committee

The meeting resolved that the total of fees paid to the Board shall remain unchanged at SEK 2,250,000 (2,250,000), of which SEK 550,000 (550,000) should be payable to the Chairman and SEK 275,000 (275,000) to each of the directors elected at the AGM. In addition, an extra fee of SEK 600,000 (600,000) was decided for the Chairman as remuneration for work on the Company's acquisition and investor matters.

For further information, please contact:
Gerald Engström, chairman of the board, + 46 222 44 001, + 46 70 519 00 01
Roland Kasper, CEO, +46 222 44013, +46 730 94 40 13
Anders Ulff, CFO, + 46 222 440 09, + 46 70 577 40 09

Systemair AB, SE-739 30 Skinnskatteberg, Sweden, +46 222 440 00,

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 25 August 2016.

Systemair in brief
Systemair is a leading ventilation company with operations in 49 countries in Europe, North- and South America, the Middle East, Asia and Africa. The Company had sales of SEK 6.1 billion in financial year 2015/16 and currently employs about 4,800 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 12 percent.

Systemair has well-established operations in growth markets. The Group's products are marketed under the Systemair, Frico, VEAB, Fantech, Menerga and Holland Heating 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.