EXTRACT FROM PRESIDENT BERTIL PERSSON'S STATEMENT AT THE ANNUAL GENERAL MEETING
Lesjöfors experienced lower sales and earnings during the first months of the year, compared with the year-earlier period. The Chassis Spring operation was the primary unit to experience lower volumes due to the mild winter in Northern Europe.
Habia began the year with weak order bookings, mainly from telecom customers. Since February, we have noted an improved market scenario with increased sales and a positive earnings trend.
Beijer Tech's invoicing was favorably in line with the preceding year, although with somewhat lower margins.
Overall, it is reasonable to expect lower earnings during the first half of this year, compared with the Group's strong earnings during the corresponding period in 2011.
RESOLUTIONS PASSED AT THE ANNUAL GENERAL MEETING
The following resolutions were passed by the Annual General Meeting:
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To approve a dividend for 2012 of SEK 6.00 per share and an extraordinary dividend of SEK 1.00 per share. The dividend will be distributed by Euroclear Sweden beginning April 5, 2012.
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To adopt a fixed annual directors' fee of SEK 250,000 for each director, not including the Chairman, who will receive a fixed annual directors' fee of SEK 600,000 and an annual assignment fee of SEK 300,000. Auditors' fees will be paid according to invoicing.
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The following members of the Board of Directors were re-elected: Carina Andersson, Marianne Brismar, Anders G. Carlberg, Peter Nilsson, Anders Ullberg, Anders Wall and Johan Wall. The Annual General Meeting also resolved to re-elect Bertil Persson, President and CEO, as a Deputy Director.
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Öhrlings PricewaterhouseCoopers was re-elected as the company's auditor with a period in office of one year.
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Prior to the 2012 Annual General Meeting, the company will apply a nomination procedure whereby Anders Wall, in his capacity as principal owner and Chairman of the Board, and Director Johan Wall, as well as three representatives of the next largest shareholders appointed by the Annual General Meeting, will form a Nomination Committee and submit proposals concerning the Board of Directors, the Chairman of the Board, the Deputy Chairman, directors' fees, auditors' fees and the Chairman of the next Annual General Meeting. Accordingly, in addition to the individuals named above, the Annual General Meeting resolved to appoint Mats Gustafsson (Lannebo Fonder), Henrik Didner (Didner & Gerge) and Thomas Ehlin (Nordea Fonder) to the Nomination Committee.
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To amend the Articles of Association to correspond to the new legislative ordinances concerning official notification of the annual general meeting.
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To authorize the Board of Directors, disapplying the shareholders' preferential rights, to make decisions concerning the issue of not more than 3,000,000 new Class B shares or convertible promissory notes exchangeable for not more than 3,000,000 new Class B shares.
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To authorize the Board of Directors to resolve on the acquisition and divestment of the company's own Class B shares.
The interim report for the first quarter will be published on April 25.
BEIJER ALMA AB (publ)
Board of Directors
For more information, please contact:
President and CEO Bertil Persson, Beijer Alma AB, Telephone: +46 8-506 427 50
Beijer Alma AB (publ) is an international industrial group focused on component production and industrial trading. The Group includes Lesjöfors, which is one of Europe's largest spring manufactures, Habia Cable, one of Europe's largest manufacturers of custom-designed cables, and Beijer Tech, which holds strong positions in industrial trading in the North. Beijer Alma is listed on the NASDAQ OMX Stockholm Mid Cap list.
Beijer Alma AB (publ)
Dragarbrunnsgatan 45, Box 1747, SE-751 47 Uppsala. Telephone +46 18-15 71 60. Fax +46 18-15 89 87.
Registered office: Uppsala. Corporate Registration Number: 556229-7480. www.beijeralma.se
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