Communique from annual general meeting of Dannemora Mineral
(Thomson Reuters ONE) -
COMMUNIQUE FROM ANNUAL GENERAL MEETING OF DANNEMORA MINERAL
The annual general meeting of the shareholders of Dannemora Mineral (publ) was
held on 8 May 2012. The meeting dealt with the following business:
Allocation of earnings
The annual general meeting adopted the income statements and balance sheets of
the Parent Company and the Group for 2011. The meeting also adopted the Board's
proposal for allocation of profits, namely that no dividend be paid for the
2011 financial year.
Discharge from liability
The annual general meeting discharged the Board members and the CEO from
liability for the 2011 financial year.
Election of the Board and adoption of Board fees
The annual general meeting decided that the Board would consist of seven
members. Nils Bernhard, Lennart Falk, Nils Sandstedt, Christer Lindberg, Stefan
Månsson and Robert Eek were re-elected to the Board, and Jarmo Tonteri were
newly elected. Niklas Nordström had declined re-election to the Board.
The annual general meeting adopted the following annual Board fees: SEK 300,000
for the chairman and SEK 100,000 to each of the Board members. The Board was
also granted SEK 600,000 as a fee for the Deputy Chairman and for committee
work, a total annual Board Fee of SEK 1,500,000.
Mandate to issue new shares
The AGM voted to authorise the Board to issue up to 1.5 million class B shares
on one or more occasions before the next annual general meeting, with or without
preferential rights for shareholders. Payment for newly issued shares shall, on
the basis of the Board's decision, be made in cash, by set-off, with property
other than cash or, in other cases, in accordance with Chapter 2, Section 5,
paragraphs 1-3 and 5 of the Swedish Companies Act.
The purpose of the mandate and the reason for derogating from preferential
rights for shareholders is to enable the Company to obtain working capital,
develop Riddarhyttan and the Company's other iron ore projects and make company
acquisitions and/or acquire operating assets.
Other
The meeting also adopted guidelines for remuneration of key management personnel
and for the nomination process prior to the 2013 AGM. The meeting's decisions
corresponded with the proposals presented in the Notice of Annual General
Meeting (press release 10 April 2012) and in a press release issued on 4 May
2012.
The communique can be downloaded from the link below:
Communique AGM Dannemora Mineral 8 May 2012:
http://hugin.info/137553/R/1610031/511594.pdf
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Source: Dannemora Mineral AB via Thomson Reuters ONE
[HUG#1610031]
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