HMS Networks AB (publ.) held its Annual General Meeting on April 2,
2009. The Meeting resolved in favour of all proposed matters in
accordance with the proposals of the Board of Directors. The main
contents of the most important resolutions are described below.
Resolution regarding dividend
The Meeting resolved to approve the Board of Directors' proposal of a
dividend for fiscal year 2008 of SEK 1.50 per share. April 7 2009 was
set as the record date for the dividend. It is expected that the
dividend will be disbursed by VPC AB on April 14, 2009.
Resolution regarding adoption of the income statement and balance
sheet
The Meeting resolved to adopt the income statement and balance sheet
of HMS Networks AB submitted by the Board of Directors as well as the
consolidated income statement and balance sheet. The Board and the
President were discharged from liability for the 2008 fiscal year.
Resolution regarding election of the Board, auditors and fees
The Annual General Meeting resolved in accordance with the Nominating
Committee's proposals, namely
* that five (5) Board members should be elected and no deputy
members,
* that the following Board members should be re-elected: Ray
Mauritsson, Sebastian Ehrnrooth and Staffan Dahlström
* that Göran Sigfridsson is elected as new board member
* that Urban Jansson should be re-elected as Chairman of the Board
* that fees totaling SEK 525 000 shall be paid to the Board to be
distributed among members who are not employees of the Company,
with SEK 225 000 to the Chairman and SEK 100 000 to each Board
member.
* that Öhrlings PriceWaterhouseCoopers with the Authorized Public
Accountant, Olof Enerbäck is elected as auditors for the period
2009-2012.
Resolution regarding guidelines for determining salaries and other
remuneration to the President and other members of company management
The Meeting approved the Board's proposal of guidelines for
determining salaries and other remuneration to the President and
other persons in company management.
Resolution regarding criteria relating to appointment of members to
the Nominating Committee, etc.
The Annual Meeting adopted the Board's proposal of criteria relating
to appointment of members to the Nominating Committee.
Incentive program
The Annual Meeting adopted the Board's proposal regarding a incentive
program with a new issue of 250 000 warrants with the right to
purchase new shares
All of the Annual Meeting's resolutions were passed with the
requisite majority.
For further information please contact:
Gunnar Högberg, CFO and Investor Relations, telephone: +46 35 17 29
95, email [email protected]
HMS Networks AB (publ) is a world-leading supplier of communication
technology for industrial automation. Sales for 2008 grew by 17% to
SEK 317 million. All development and the major portion of
manufacturing is carried out at the head office in Halmstad. Sales
offices are located in Japan, China, Germany, the USA, Italy and
France. HMS has 160 employees and produces network interface cards
and products to interconnect different networks under the trademark
Anybus®. The network interface cards are embedded in automation
equipment such as inverter drives, robots, control systems and
sensors. This allows subcomponents in machines to communicate with
one another and with different networks in order to build more
efficient and flexible automation systems with reduced energy
consumption. HMS is listed on the NASDAQ OMX Nordic Exchange in
Stockholm in the Small Cap, Information Technology sector.
