Communiqué from the AGM and statutory Board meeting of Mycronic AB (publ)
Täby, 8 May, 2018 - The Annual General Meeting (AGM) of Mycronic AB (publ) on 8 May, 2018 dealt with the following items among others:
Election of Board members
The AGM decided that the Board of Directors for the period running until the end of the next AGM shall be composed of six members with no deputy members. The AGM re-elected Board members Katarina Bonde, Ulla-Britt Fräjdin-Hellqvist, Per Holmberg and Patrik Tigerschiöld. The AGM further elected Anna Belfrage and Robert Larsson as new Board members. Magnus Lindquist had declined re-election. Patrik Tigerschiöld was elected Chairman of the Board.
Remuneration to the Board of Directors
The AGM decided that the remuneration to the Board of Directors amount to SEK 2,430,000 for the period running until the end of the next AGM, of which SEK 700,000 concern remuneration to the Chairman of the Board and SEK 275,000 concern each of the other Board members. In addition, the AGM decided on remuneration to the Chairman of the audit committee of SEK 100,000, remuneration to each of the other members of the audit committee of SEK 50,000 and remuneration to the Chairman of the remuneration committee of SEK 75,000 and to each of the other members of the remuneration committee of SEK 40,000.
Election of auditor
The AGM decided on election of Ernst & Young as auditor for the period running until the end of the next AGM with the Authorized Public Accountant Erik Sandström as responsible auditor.
Disposition of accumulated results
The AGM decided that the Parent Company’s retained earnings and non-restricted equity be managed according to the proposal of the Board of Directors.
Dividend
The AGM decided on an ordinary dividend of SEK 2.50 per share, a total of SEK 244,791,272.50. The record day is 11 May 2018 and date for payout 16 May 2018.
Composition of nomination committee
The AGM decided to approve that the nomination committee for the 2019 AGM consists of three members representing the three largest or otherwise known shareholders at the end of August and the Chairman of the Board, a total of four persons.
Principles for remuneration for senior executives
The AGM decided to approve the Board’s proposal regarding principles for remuneration and other terms of employment for senior executives.
Authorization for new share issue
The AGM decided to approve the Board’s proposal that the Board is authorized to, on one or several occasions during the period up until the next AGM, decide on a new share issue, with deviations from the shareholders’ preferential rights. The issue price shall be based on market practice and the number of issued shares may at the most correspond to ten percent of the total amount of outstanding shares in the company per the date of notice to the AGM.
Authorization for acquisition of the company’s own shares
The AGM decided to approve the Board’s proposal that the Board is authorized to, on one or several occasions during the period up until the next AGM, resolve for the company to acquire the company’s own shares. Acquisition of shares in the company may only be made on Nasdaq Stockholm (the “Exchange”). Acquisition may only be made by a maximum of so many shares that, at any given time, the company’s own holdings do not exceed five percent of all shares in the company. Acquisition of shares on the Exchange may only take place at a price within the price range recorded on the Exchange at any given time.
Statutory Board meeting
The Board of Directors decided to elect members of the remuneration committee: Ulla-Britt Fräjdin-Hellqvist, Per Holmberg and Patrik Tigerschiöld (chairman) and members of the audit committee: Anna Belfrage (chairman), Katarina Bonde and Ulla-Britt Fräjdin-Hellqvist.
Further, the Board of Directors decided to exercise the above decided authorization to acquire own shares.
Contacts at Mycronic:
Lena Olving
CEO and President
Tel: +46 8 638 52 00
lena.olving@mycronic.com
Torbjörn Wingårdh
CFO
Tel: +46 8 638 52 00
torbjorn.wingardh@mycronic.com
About Mycronic AB
Mycronic AB is a Swedish high-tech company engaged in the development, manufacture and marketing of production equipment with high precision and flexibility requirements for the electronics industry. Mycronic headquarters are located in Täby, north of Stockholm and the Group has subsidiaries in China, France, Germany, Japan, Singapore, South Korea, the Netherlands, United Kingdom and the United States. For more information see our web site at: www.mycronic.com
Mycronic AB (publ) is listed on NASDAQ Stockholm, Mid Cap: MYCR.
The information is of the type that Mycronic is required to disclose in accordance with the EU Market Abuse Regulation. The information was submitted for publication, through the contact persons stated above, on 8 May, 2018, at 7.00 pm CET.