The Annual General Meeting of Alfa Laval AB (STO:ALFA) was held at Färs & Frosta Sparbank Arena in Lund on Monday, April 20. More than 500 shareholders attended the meeting under the chairmanship of Anders Narvinger.
This is an unofficial translation of the Swedish notice. In case of any discrepancies between the Swedish notice and this English translation, the Swedish notice shall prevail.
During the meeting, the company’s President and CEO Lars Renström talked about last year’s development and concluded that 2009 was the fifth consecutive year with improved operating income. Sales increased 11.5 percent to almost 28 billion kronor and the operating profit rose to 6.2 billion kronor. Demand diminished towards the end of the year, in the wake of the global financial crisis.
Lars Renström’s speech can be found on:”www.alfalaval.com/investors”.
The income statements and balance sheets of both the parent company and the Group were adopted, together with the Board’s proposal for distribution of surplus. The proposed dividend of SEK 2:25 per share was approved.
As Board members Gunilla Berg, Björn Hägglund, Ulla Litzén, Anders Narvinger, Finn Rausing, Jörn Rausing, Lars Renström and Waldemar Schmidt were re-elected.
Anders Narvinger was appointed Chairman of the Board.
The AGM decided the remuneration to the Board of Directors for 2009 according to the proposal from the Nomination Committee. The total remuneration should be SEK 3,485,000, unchanged from 2008.
The Annual General Meeting also approved discharge from liability for members of the Board of Directors and the Managing Director.
Complete proposals can be found on www.alfalaval.com.
Lund, April 20, 2009
Alfa Laval AB (publ.)
Alfa Laval AB (publ) discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 5.55 p.m. on April 20, 2009.
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