At today's Annual General Meeting of Securitas AB (publ), the following was resolved:
Election of Board of Directors
The Annual General Meeting resolved that the number of Board Members should be nine with no deputy members. The meeting re-elected Thomas Berglund, Annika Falkengren, Carl Douglas, Gustaf Douglas, Berthold Lindqvist, Fredrik Palmstierna and Melker Schörling and elected the new board members Stuart Graham and Sofia Schörling. Melker Schörling was reelected Chairman of the Board. Fees to the Board of Directors shall amount to SEK 3,950,000 in total (excluding fees for committee work).
Nomination Committee
Gustaf Douglas, Melker Schörling, Marianne Nilsson (Robur) and Annika Andersson (Fourth Swedish National Pension Fund) were re-elected members of the Nomination Committee before the next Annual General Meeting.
Dividend
According to the proposal of the Board of Directors, the Annual General Meeting resolved to declare a dividend of SEK 3.00 per share. April 12, 2005 was determined as record date for dividend and payment from the Securities Register Centre (VPC) is expected to commence on April 15, 2005.
Approval of Repurchase of Incentive Program and thereby related Prepayment of Convertible Bonds
The Annual General Meeting approved the repurchase of incentive program and thereby related prepayment of convertible bonds, in accordance with the proposal of the Board of Directors.
Other
Updated Accounting Principles according to IFRS
As previously disclosed Securitas will be reporting according to International Financial Reporting Standards, IFRS, from 2005. The first quarter financial report 2005, due on May 3, will be the first interim report prepared in accordance with IFRS. The updated Accounting principles are now available on Securitas website www.securitasgroup.com - Financial Information - Accounting Principles.
Corporate Governance
As a step in the work to adapt Securitas principles for Corporate Governance to the proposed Swedish code for Corporate Governance, Securitas has now published current principles in a separate module on the Group website ww.securitasgroup.com
Further information can be obtained from:
Thomas Berglund, President and CEO, +44 (0) 20 8432 6500
Håkan Winberg, Executive Vice President and CFO, +44 (0) 20 8432 6500
Henrik Brehmer, Senior Vice President Investor Relations, +44 (0) 20 8432 6523, +44 (0) 7884 117 192
The press release is also available on: www.securitasgroup.com
Securitas is a World leader in security providing security solutions comprising guarding services, alarm systems and cash handling services. Securitas has more than 200 000 employees in more than 20 countries in Europe and North America.
The press release can also be downloaded from the enclosed link:
Annual General Meeting of Securitas AB (publ)
Published
07 April 2005 08:00
