Annual General Meeting of Alfa Laval AB.LUND, Sweden -- The Annual General Meeting of Alfa Laval Alfa Laval AB is a Swedish company, founded in 1883 by Gustaf de Laval and Oscar Lamm. The company is a leading producer of specialized products and solutions used to heat, cool, separate and transport products such as oil, water, chemicals, beverages, foodstuffs, starch and AB (STO:ALFA) was held at Star Hotel in Lund on Thursday, April 27. Approximately 300 shareholders attended the meeting under the chairmanship of Attorney Bertil Villard. During the meeting the company's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Lars Renstrom made an overview over the year 2005 and could among others report a very strong increase in order intake, with a couple of big orders during the year. The increase comes mainly from energy- and energy related business, compiling approximately 40 percent of the order intake during 2005. Lars Renstrom's speech can be found on "www.alfalaval.com/investors". The income statements and the balance sheets of the parent company and the Group were adopted, together with the Board's proposal for distribution of surplus. The proposed dividend of SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 5:10 per share was approved. Record date to receive the dividend is May 3, 2006. As Board members Gunilla Berg, Bjorn Hagglund, Anders Narvinger, Lars Renstrom, Finn Rausing, Jorn Rausing and Waldemar Schmidt was re-elected. Further to that Ulla Litzen was new-elected as Board member. Ulla Litzen is former President of W Capital Management and has held various leading positions within Investor. She is a Board member of several companies, including such engineering companies as SKF SKF Svenska Kullagerfabriken SKF Svenska Klätterförbundet (Sweden) SKF Smithsonian Kite Festival SKF San Antonio Kelly Field Annex (Lackland AFB, Texas) and Atlas Copco Atlas Copco is a Swedish industrial company that was founded in 1873. It manufactures industrial tooling and equipment. The Atlas Copco Group, founded already in 1873, is a global industrial group of companies headquartered in Stockholm, Sweden. . Anders Narvinger was appointed Chairman of the Board. The AGM AGM annual general meeting AGM n abbr (= annual general meeting) → AG f AGM n abbr (= annual general meeting) → JHV f decided the remuneration to the Board of Directors according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the proposal from the Nomination Committee. The total remuneration should be SEK 2,825,000. The Annual General Meeting also approved --the Board's proposal for principles for remuneration to company management. --the Board's proposal regarding changes to the articles of association mainly required in order to comply with the new Companies Act that came into force on January 1, 2006. --the proposal regarding the Nomination Committee for the Annual General Meeting 2007. Alfa Laval AB (publ.) This information was brought to you by Waymaker http://www.waymaker.net |
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