Kungsleden’s Annual General Meeting
Kungsleden AB (publ) held its Annual General Meeting on Thursday. The Meeting approved the Board of Directors’ proposed dividends of SEK 13.00 per share. The record date was resolved at 6 April 2004, with dividends scheduled for payment from VPC (the Swedish Central Securities Depository & Clearing Organization) on 14 April 2004.
In his presentation to the Meeting, Chief Executive Jens Engwall reviewed the financial year 2003 and current market conditions.
Mr. Engwall said: “Early 2004 has been good, consolidating the prospects of realising our forecast profit before tax of SEK 500 m.”
The AGM discharged the Board members and Chief Executive from liability for the financial year 2003. Jens Engwall, Mats Israelsson, Bengt Kjell, Jonas Nyrén, Anna Weiner Jiffer and Per-Anders Ovin were re-elected to the Board, while Bengt Kjell was appointed Chairman of the Board at the Board meeting following election.
Additionally, the AGM resolved to alter the nomination process pursuant to the Nomination Committee’s proposal. The new proposal implies that in September each year, the Chairman of the Board will contact the major shareholders regarding the formation of a Nomination Committee, which will comprise three members, with the Chairman as convener. The intention is for the Nomination Committee’s members to be announced coincident with the publication of the Third-quarter Interim Report.