Kungsleden AB (publ) - Annual General Meeting
Kungsleden AB (publ) held its Annual General Meeting on Thursday. The Meeting approved the Board of Directors’ proposed dividends of SEK 11.00 per share. The record date was resolved as 11 April, with dividends scheduled for payment from VPC (the Swedish Central Securities Depository & Clearing Organization) on 18 April.
Additionally, the Meeting approved the Board of Directors’ proposal to implement a share split through an amendment of the Articles of Association. This transaction means one (1) existing share becoming three (3) new shares. The share split is scheduled for consummation on 11 May 2006, and accordingly, the last trading day before the split is 8 May, and the first trading day after the share split is 9 May.
In his presentation to the Meeting, the Chief Executive reviewed the financial year 2005 and current market conditions.
The AGM discharged the Board members and Chief Executive from liability for the financial year 2005. Jens Engwall, Mats Israelsson, Bengt Kjell, Jonas Nyrén, Per-Anders Ovin and Anna Weiner Jiffer were re-elected to the Board. Jan Nygren was elected. Bengt Kjell was elected Chairman of the Board. The Meeting also adopted new instructions for the Election Committee.
At the Board meeting following election. Bengt Kjell and Mats Israelsson were appointed members of the Remuneration Committee, while Jan Nygren, Jonas Nyrén, Per-Anders Ovin and Anna Weiner Jiffer were appointed members of the Accounting and Audit Committee.