THE ANNUAL GENERAL MEETING (AGM) OF ROTTNEROS WAS HELD ON 25 APRIL 2014
Dividend
The AGM adopted the Board’s proposal of no dividends for the financial year 2013.
Discharge from liability
The AGM granted Board members as well as CEO a discharge from liability for the financial year 2013.
Board
The AGM decided in accordance with the proposal of the Nominating Committee that the number of Board members elected shall be four and re-elected the Board members Roger Asserståhl, Rune Ingvarsson and Per Lundeen. Per Skoglund was new-elected. Rune Ingvarsson was elected as Chair of the Board.
Per Skoglund was born in 1960 and is COO at Arctic Paper S.A. Per studied chemical engineering at Chalmers University of Technology (did not complete his degree) where after he has spent his professional life within the forestry industry at, among others, Stora Enso, Klippan och Arctic Paper.
Fees for the Board members
The AGM decided in accordance with the proposal of the Nominating Committee that the fees shall be SEK 500,000 to the Chair of the Board and SEK 250,000 to each of the other Board members. Furthermore, the AGM decided that the employee representatives shall receive a fee of SEK 25,000 per person for the time required to read materials ahead of meetings.
Auditors
The AGM decided in accordance with the proposal of the Nominating Committee that the company shall have a chartered auditing firm as auditor and re-elected Ernst & Young Aktiebolag until the end of the 2015 AGM. The authorized public accountant, Erik Sandström, shall be the auditor in charge until further notice. Auditors’ fees shall be paid based on an invoice approved by the CEO.
The Nominating Committee ahead of the 2015 AGM
The AGM approved the Nominating Committee’s proposed procedure for appointing members of the Nominating Committee ahead of the 2015 AGM.
Guidelines for remuneration of senior executives
The AGM approved the guidelines for the remuneration of senior executives in accordance with the Board’s proposal.
Amendment of the Articles of Association
The AGM resolved in accordance with the Board’s proposal to amend the company’s Articles of Association in such a way that the AGM of Rottneros AB may also be held in Gävle, Söderhamn or Vallvik.
Complete proposals and decisions
The AGM approved all of the proposals presented by the Board and the Nominating Committee. The proposals are available in the previous published notice to attend the AGM and the decisions in the minutes of the AGM, which will be published at the company’s website.
For further information please contact:
Krister Lindgren, Interim Chief Financial Officer
+46 (0)72-715 06 50, krister.lindgren@rottneros.com
Rottneros discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The Information was submitted for publication on Friday, 25 April at 17:00 CET.
Rottneros is an independent producer of market pulp. The Group comprises the parent company Rottneros AB, listed on NASDAQ OMX Stockholm, and its subsidiaries Rottneros Bruk AB and Vallviks Bruk AB with operations involving the production and sale of market pulp. The Group also includes the wood procurement company Rottneros Baltic SIA in Latvia. The Group has around 300 employees and had a turnover of approximately SEK 1.5 billion in the 2012 financial year.