HMS Networks AB (publ) held its Annual General Meeting on April 14, 2011. 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 2009 of SEK 1.00 per share. April 22, 2011 was set as the record
date for the dividend. It is expected that the dividend will be disbursed by
Euroclear AB on April 27, 2011.
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 2010 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 seven (7) Board members should be elected and no deputy members,
* that the following Board members should be re-elected: Ray Mauritsson, Göran
Sigfridsson Henrik Johansson, Nicolas Hassbjer, Charlotte Brogren and
Gunilla Wikman,
* that Urban Jansson should be re-elected as Chairman of the Board
* that fees totalling SEK 1 200 000 shall be paid to the Board to be
distributed among members who are not employees of the Company, with SEK
300 000 to the Chairman and SEK 150 000 to each Board member.
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.
All of the Annual General Meeting's resolutions were passed with the requisite
majority.
For more information please contact:
CFO HMS Networks AB Gunnar Högberg, telephone: +46-35 17 29 95
CEO HMS Networks AB Staffan Dahlström, telephone: +46-35 17 29 01
HMS Networks AB (publ) is a world-leading supplier of communication technology
for industrial automation. Sales amounted to SEK 345 million in 2010. Over 90%
of these sales were to customers located outside Sweden. 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, Denmark, India, UK, USA,
Italy and France. HMS has 190 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 NASDAQ-OMX Nordic Exchange in Stockholm in the
category Small Cap, Information Technology.
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