GÖTENE, Sweden--(BUSINESS WIRE)--Regulatory News:
Elos: (STO:ELOSB)
In accordance with resolutions passed at the Annual General Meeting in 2014, the Elos Nomination Committee shall comprise no fewer than four and no more than six members, of whom one is to be the Chairman of the Board. The members are to be appointed by those shareholders who, at the end of the month of September, are the largest shareholders in terms of voting rights in the company, as well as by the party who addition to the aforementioned is the largest shareholder. If a shareholder should waive his/her entitlement to appoint a member, such entitlement switches to the next largest shareholder in terms of voting rights. The Chairman of the Nomination Committee is to represent the largest shareholder in terms of voting rights, as long as the Nomination Committee does not unanimously decide to appoint someone else.
When appointing the Nomination Committee, the rules of Items 2.3 and 2.4 of the Swedish Code of Corporate Governance (the Code) are to be observed, which entail, inter alia, that no member of company management may be a member of the Nomination Committee, that Board members are not to constitute a majority of the Committee and that no more than one constituent Board member of the Committee may be dependent in relation to any of the company’s major shareholders.
In accordance with resolutions passed at the Annual General Meeting in 2014, the following members of the Nomination Committee of Elos AB have been appointed:
- Thomas Öster, appointed by the Öster family
- Ulf Runmarker, appointed by the Runmarker family
- Bo Nilsson, appointed by the Nilsson family
- Bengt Belfrage, appointed by Nordea Fonder
- Stig-Arne Blom, Chairman of the Board
The Nomination Committee’s chairman is Bengt Belfrage, appointed by the Nomination Committee.
The Nomination Committee jointly represents approximately 66% of the voting rights for all vote-carrying shares in the company.
The Annual General Meeting of Elos AB will be held on Monday, 27 April 2015
The Nomination Committee is to submit proposals regarding the following issues for approval by the 2015 Annual General Meeting:
- election of Chairman of the Meeting
- number of Board Directors and auditors
- fees for the Board of Directors and remuneration for committee work, plus fees for the auditors
- election of Directors of the Board and Chairman of the Board
- election of auditors
Shareholders who wish to submit proposals to the Elos Nomination Committee, may e-mail valberedning@elos.se under the heading “to the Nomination Committee” or send a letter by post to Elos AB, Nya Stadens Torg 10, SE-531 31 Lidköping, marked “to the Nomination Committee”, no later than 15 January 2015.
Lidköping, 27 October 2014
For additional information Elos Group, visit www.elos.se The information of this press release is of the kind that Elos AB (publ) has to make public according to the Securities Market Act and/or the Financial Instruments Trading Act. The information was made public on 27 October, 2014 at 01:00 p.m. (CET).
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