The Annual General Meeting resolves on adoption of the year’s balance sheet and profit and loss account, dividends, election of Board members and auditors, fees to Board members and auditors, and other items of business as prescribed by the Swedish Companies Act and the Articles of Association. According to the Articles of Association, the AGM must be held in the month of April, May or June, and notice to attend must be given at the earliest six weeks and at the latest four weeks prior to the AGM. Each class B share corresponds to one vote and each class A share to ten votes, although all shares carry equal entitlement to the company’s assets and profits.
2008 Extraordinary General Meeting
The Extraordinary General Meeting of Cloetta Fazer held on Friday, 25 July 2008, passed the following principal resolutions.
Decision in principle regarding approval for the demerger of Cloetta Fazer
Change in the company’s financial year, etc.
Reduction of the statutory reserve
For more information please read the press release published on 25 July 2008 here.
2008 AGM
The Annual General Meeting (“AGM) of Cloetta Fazer AB (publ) held on Monday, 16 June 2008, resolved to approve the Board’s proposed dividend of SEK 7.00 per share (6.50), including an additional dividend of SEK 3.00 per share, in total SEK 10.00 per share. The dividend amount in total is SEK 241.2 million. The proposed record date for the dividend is Thursday, 19 June 2008. Dividends are expected to be distributed by NCSD (the Nordic Central Securities Depository) on Wednesday, 25 June 2008. The AGM resolved that the number of Board members would amount to six, without deputies.
The AGM re-elected the Board members Anders Dreijer, Olof Svenfelt, Berndt Brunow, Karsten Slotte, Meg Tivéus and Christer Zetterberg.
The Board appointed a Audit Committee consisting of Anders Dreijer, Olof Svenfelt and Meg Tivéus. Remuneration Committee consists of all members of the board.
The AGM resolved that remuneration to the Board should be SEK 375,000 to the Board Chairman, SEK 285,000 to the Deputy Chairman and SEK 200,000 to each of the other members of the Board. For work on the Audit Committee and Remuneration Committee, it was resolved that each of the members would be paid a fee of SEK 40,000.
In his address to the AGM, Managing Director Jesper Åberg commented on operations in 2007 and the Group’s development in the first quarter of 2008.
The AGM appointed Anders Dreijer as Chairman of the Board. At the statutory meeting following the AGM, Olof Svenfelt was appointed Deputy Chairman.