Report from the Annual General Meeting of Indutrade AB on 27 April 2016

2016-04-28
Indutrade’s Annual General Meeting was held on 27 April 2016, at IVA’s Conference Center, Grev Turegatan 16, Stockholm.

The AGM resolved on dividends of SEK 9.00 per share. The record date for the dividends was set to 29 April 2016. Dividends are expected to be distributed via Euroclear Sweden on 4 May 2016.

Fredrik Lundberg, Bengt Kjell, Johnny Alvarsson, Ulf Lundahl, Katarina Martinson, Krister Mellvé and Lars Pettersson were re-elected as directors. Annica Bresky was elected as new board member. Fredrik Lundberg was re-elected as chairman of the board.

PricewaterhouseCoopers AB was reelected as the company’s auditor for the period until the end of the AGM 2017.

The AGM resolved to adopt guidelines for remuneration and other terms of employment of the senior executives in accordance with the board of directors’ proposal.

In accordance with the board’s proposals, the AGM resolved to amend the articles of association with regard to the limits of the company’s share capital and the number of shares, and on a bonus issue, whereby the company’s share capital is increased by SEK 200 million to SEK 240 million and each existing share entitles to two (2) new shares free of charge. The total number of shares in Indutrade is thereby increased to 120,000,000. The record date for the bonus issue is 27 May 2016.

More information about the AGM is available at the company and on the company’s website: www.indutrade.se, under Investor relations/AGM/AGM 2016.

Stockholm, 28 April 2016

INDUTRADE AB (publ)

For further information, please contact: Johnny Alvarsson, President and CEO: +46 70 589 17 95

Indutrade markets and sells components, systems and services with a high-tech content to industrial customers in selected niches. Indutrade’s business is distinguished by the following factors, among others:

- High-tech products for recurring needs

- Growth through a structured and tried-and-tested acquisition strategy

- A decentralised organisation characterised by an entrepreneurial spirit

The Group is structured into six business areas: Engineering & Equipment, Flow Technology, Fluids & Mechanical Solutions, Industrial Components, Measurement & Sensor Technology and Special Products.

The Group’s financial targets (per year across a business cycle) are to grow by a minimum of 10%, to attain a minimum EBITA margin of 10% and a minimum return on operating capital of 20%.

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